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Ingevity (NGVT)
:NGVT
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.52Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: 0.37%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Ingevity Corporation demonstrated strong operational improvements and strategic repositioning, resulting in record performance in key segments and improved financial health. However, significant sales decline and net loss due to non-recurring charges indicated challenges that need to be addressed.Company Guidance
During the Ingevity Corporation fourth quarter and full year 2024 earnings call, the company provided guidance for 2025, projecting sales between $1.3 and $1.4 billion and EBITDA between $400 million and $415 million. The company's 2024 performance included a GAAP net loss of $430 million due to several non-recurring charges totaling $688 million. Adjusted gross profit was $521 million, and the company generated over $50 million in free cash flow. Ingevity ended 2024 with a net leverage ratio of 3.5 times and aims to reduce this to below 2.8 times by the end of 2025. Capital expenditure for 2025 is expected to be between $50 million and $70 million. The Performance Materials segment reported record sales, with EBITDA margins expected to remain around 50% in 2025. The company also anticipates free cash flow generation between $220 million and $260 million in 2025. The guidance does not account for potential impacts from exploring strategic alternatives for the Industrial Specialties product line.Record Performance in Performance Materials
Performance Materials had a record year in both sales and EBITDA, surpassing margins of 50%. Sales growth of 4% outpaced global auto production, driven by higher volume and improved price and mix.
Successful Repositioning of Performance Chemicals
Repositioning actions resulted in a 33% decline in revenue but improved margins. Realized $84 million of savings from repositioning, exceeding the initial target of $65-75 million.
Improved Cash Flow and Debt Reduction
Generated over $50 million of free cash flow and reduced debt by $66 million, ending the year at 3.5 times net leverage, better than expected.
Recognition for Safety and Responsibility
Achieved top quartile in personal safety performance and named one of America's most responsible companies for the third consecutive year by Newsweek Magazine.
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NGVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NGVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $45.84 | $48.26 | +5.28% |
| Oct 29, 2024 | $35.32 | $41.65 | +17.92% |
| Jul 31, 2024 | $45.89 | $42.64 | -7.08% |
| May 01, 2024 | $51.89 | $54.80 | +5.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ingevity (NGVT) report earnings?
Ingevity (NGVT) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Ingevity (NGVT) earnings time?
Ingevity (NGVT) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NGVT EPS forecast?
NGVT EPS forecast for the fiscal quarter 2025 (Q1) is 0.75.
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