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Ingevity ( (NGVT) ) has shared an update.
Ingevity Corporation announced on January 16, 2025, that it is exploring strategic alternatives for its Performance Chemicals Industrial Specialties product line, potentially divesting parts of its North Charleston site. This move aims to strengthen its Performance Chemicals segment and improve earnings and cash flow. The company also released preliminary financial results for 2024, expecting net sales of $1.40 billion and an adjusted EBITDA of $360 million, driven by improvements in the Performance Chemicals and Performance Materials segments. Ingevity aims for growth and value creation in 2025 despite uncertainties about the outcome of its strategic review.
More about Ingevity
Ingevity Corporation operates in the specialty chemicals industry, offering products such as activated carbon, caprolactone polymers, and specialty chemicals used in adhesives, agrochemicals, asphalt paving, and other applications. Headquartered in North Charleston, South Carolina, the company serves various demanding markets and is listed on the New York Stock Exchange under the ticker NGVT.
YTD Price Performance: 5.89%
Average Trading Volume: 290,776
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.46B
See more insights into NGVT stock on TipRanks’ Stock Analysis page.
