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Ingevity Corporation  (NGVT)
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Price: $44.5100 $-0.76 -1.679%
Day's High: $45.26 Week Perf: -3.22 %
Day's Low: $ 44.47 30 Day Perf: -4.79 %
Volume (M): 129 52 Wk High: $ 74.74
Volume (M$): $ 5,733 52 Wk Avg: $51.17
Open: $45.18 52 Wk Low: $36.66



 Market Capitalization (Millions $) 1,602
 Shares Outstanding (Millions) 36
 Employees 1,500
 Revenues (TTM) (Millions $) 1,692
 Net Income (TTM) (Millions $) -5
 Cash Flow (TTM) (Millions $) 56
 Capital Exp. (TTM) (Millions $) 110

Ingevity Corporation

Ingevity’s business originated as part of the operations of its initial parent company, Westvaco Corporation, a paper and packaging company, using co-products of the kraft pulping process, primarily crude tall oil ("CTO") and lignin, as well as hardwood sawdust. Ingevity operated as a division of Westvaco Corporation and its corporate successors, including MeadWestvaco Corporation and WestRock Company, since 1964. Ingevity separated from WestRock Company on May 15, 2016.
Ingevity Corporation was incorporated in Delaware on March 27, 2015. The address of Ingevity’s principal executive offices is 5255 Virginia Avenue, North Charleston, South Carolina 29406. Ingevity maintains a website at www.ingevity.com. Ingevity’s website and the information contained in or connected to the website will not be deemed to be incorporated in this document, and you should not rely on any such information in making an investment decision.

Ingevity is a leading global manufacturer of specialty chemicals and high performance activated carbon materials. We provide innovative solutions to meet our customers’ unique and demanding requirements through proprietary formulated products. Our deep technical expertise and experience, flexible manufacturing, distinctive chemistry, global reach and focus on innovation and application development provide our customers with the ability to enhance their own products and competitive position in the markets they serve.


Ingevity’s specialty chemical products serve as critical inputs used in a variety of high performance applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants and printing inks. We are also the leading global manufacturer of activated carbon used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats, with over 750 million units installed globally, having supplied products in this application for over 30 years. Our products meet highly specialized, complex customer needs in the industries in which they are used. As customer applications become more demanding, Ingevity’s products become increasingly specialized and represent a critical component of our customers’ products, typically at a modest input cost relative to the customer’s overall product cost. This value creation - significant performance impact versus relatively low input cost - provides some measure of stability as customers may be reluctant to face the performance risk potentially associated with switching over to competitors’ offerings.


With a history of innovation spanning 100 years, we have grown into a global leader in the markets we serve with over $900 million in sales in 2016, serving customers in approximately 65 countries from our United States and China manufacturing facilities. Our global engineering, technical, sales and application support teams closely collaborate with our customers, and, importantly, with their customers. With our deep technical expertise and experience in our customers’ applications and end markets, we have the capacity and flexibility to anticipate and respond to changing market conditions and customer demands and to develop proactive solutions that provide our customers - and therefore us - with a distinct competitive advantage. Additionally, the quality and diversity of our product portfolio, and the flexibility of our manufacturing assets, gives us the capability to direct our resources towards their most profitable and attractive uses and geographies in response to changing market conditions.

We participate in attractive, higher growth sectors of the global specialty chemicals industry. The broadly defined specialty chemicals industry is expected to experience a 3.5% compound annual growth rate ("CAGR") from 2015 through 2020, according to IHS, Inc., a leading provider and analyst of industry information for, among other things, the chemical industry. Ingevity focuses on targeted markets within that space that are expected to outpace the broader specialty chemicals market growth rate, supported by long-term secular growth trends in infrastructure preservation and development, innovation in unconventional oil exploration and production and increasing global food production demands. We also participate in more commoditized sectors, where we sell our functional chemistries, including tall oil fatty acid ("TOFA") and biofractions, directly into the marketplace with low differentiation, and where we sell certain activated carbons for use in some purification processes. Additionally, our specialized automotive carbon business, which engineers, manufactures and sells wood-based activated carbon used in gasoline vapor emission control systems, is expected to benefit from increasingly stringent vehicle emission standards worldwide that our products are uniquely designed and qualified to meet. The annual global sales of light duty vehicles (i.e. passenger and light commercial vehicles) that are powered with gasoline are forecast to grow from approximately 71 million to approximately 90 million vehicles (+28%) from 2015 to 2025. All of this growth is expected to occur outside of the United States and Canada in countries and regions where gasoline vapor emission standards significantly lag the modern, highly effective standards of the United States and Canada. This provides significant upside potential in addition to the already favorable macroeconomic growth trends of the global automotive industry.



   Company Address: 4920 O Hear Avenue Suite 400 North Charleston 29405 SC
   Company Phone Number: 740-2300   Stock Exchange / Ticker: NYSE NGVT
   


Customers Net Income grew by NGVT's Customers Net Profit Margin fell to

3.65 %

6.99 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
FMC        3.46% 
FTK        31.32% 
FUL   -0.18%    
HUN   -3.88%    
NL        3.15% 
COP        4.56% 
• View Complete Report
   



Ingevity Corporation

Ingevity Corporation Struggles to Maintain Revenue in the Fourth Quarter of 2023

Ingevity Corporation, a chemical manufacturing company, reported a deteriorating business in the fourth quarter of the 2023 earnings season, resulting in losses. The company experienced a significant decline in revenue, sinking by 2.946% to $372.30 million. The loss per share was reported at $-3.39, a significant drop compared to $0.00 per share in the same reporting period a year ago.
The decline in earnings and revenue is evident when compared to the prior reporting period. EPS fell from $0.69 per share, while revenue fell by 16.525% from $446.00 million. During the fourth quarter of the 2023 earnings season, Ingevity Corporation faced a net loss of $-116.800 million, a significant contrast to the net earnings of $15.600 million seen in the comparable reporting period a year before.

Ingevity Corporation

Ingevity Corporation's Third Quarter 2023 Revenue Plummets: Investors on High Alert

The stock market is an ever-changing landscape, and it's essential to understand the fluctuations that occur within it. In recent news, Ingevity Corporation's financial performance during the July to September 30, 2023 period has caught the attention of investors. While the company experienced a decline in revenue and net profits compared to the previous reporting period, there are several positive aspects to consider.
During the July to September 30, 2023 period, Ingevity Corporation's revenue softened, resulting in a -7.469% decrease to $446.00 million. This decline in revenue impacted the company's income, leading to a significant drop of -65.15%, from $1.98 per share to $0.69 per share. While these figures are lower than the corresponding period a year ago, it's crucial to dig deeper and discover the underlying factors affecting these results.

Ingevity Corporation

Ingevity Corporation's Earnings Dip Amid Q2 2023, Contrasting with Soaring Revenue Jump

Over the past week, shares of Ingevity Corporation have seen a significant decline of -12.62%. This drop brings the year-to-date performance to -22.02%. However, despite this recent decrease, Ingevity Corporation shares are still trading 19% above its 52-week low.
The decline in EPS (earnings per share) is one of the factors contributing to the decrease in Ingevity Corporation's share price. In the second quarter of 2023, the company experienced a -37.01% drop in net profit per share, amounting to $0.97 per share. Despite this decline, there was a notable increase in revenue, which grew impressively by 14.551% to $481.00 million compared to the same reporting season a year earlier.

Ingevity Corporation

Ingevity Corporation Creates a Stir with Sensible Revenue Enhancement in Recent Fiscal Period

Investing in the stock market is always a risky endeavor, and it is important to make informed decisions based on solid data. In the case of Ingevity Corporation, the company's recent return on average invested assets (ROI) of 8.89% in its first quarter of 2023 falls below its average ROI of 21.68%. This has caused concern among investors, particularly as ROI fell compared to the previous quarter despite net income growth.
Furthermore, among the Basic Materials sector, 49 other companies had a higher return on investment, indicating that Ingevity Corporation is underperforming in comparison. Although it is encouraging to note that the overall ROI ranking has progressed to 509 from 1018 in the previous quarter, investors should still exercise caution.






 

Ingevity's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Ingevity does not provide revenue guidance.

Earnings Outlook
Ingevity Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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