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Ingevity Corp - NGVT STOCK NEWS

Welcome to our dedicated news page for Ingevity (Ticker: NGVT), a resource for investors and traders seeking the latest updates and insights on Ingevity.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ingevity's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ingevity's position in the market.

News
Ingevity announces dates for first-quarter 2024 earnings release and webcast
Rhea-AI Summary
Ingevity (NYSE:NGVT) announced the dates for its first-quarter 2024 earnings release and webcast. The earnings will be released on May 1, 2024, with a live webcast scheduled for May 2, 2024, at 10:00 a.m. (Eastern). Ingevity operates in three reporting segments: Performance Materials, Advanced Polymer Technologies, and Performance Chemicals, providing solutions for various applications worldwide.
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Ingevity reports fourth quarter and full year 2023 financial results
Rhea-AI Summary
Ingevity Corporation (NYSE: NGVT) reported Q4 net sales of $371.7 million, a 3% decrease from the prior year, with a net loss of $116.8 million. Full-year net sales were $1.69 billion, up 1%, with a net loss of $5.4 million. Adjusted EBITDA for Q4 was $61.8 million, down 17%, and $396.8 million for the full year, down 12%. The company announced 2024 sales guidance between $1.40 billion and $1.55 billion and adjusted EBITDA between $365 million and $390 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.4%
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earnings
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Ingevity announces dates for fourth-quarter and full year 2023 earnings release and webcast
Rhea-AI Summary
Ingevity Corporation (NYSE:NGVT) announced the release of its fourth-quarter and full year 2023 earnings on February 21, 2024. The company will host a live webcast on February 22, 2024, to discuss the fiscal results. Ingevity operates in three reporting segments: Performance Chemicals, Advanced Polymer Technologies, and Performance Materials, with products used in various applications worldwide.
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Rhea-AI Sentiment
End-of-Day
2.93%
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earnings
News
Ingevity extends partnership with TRiiSO, LLC, expands Capa® distribution footprint for customers in the United States and Canada
Rhea-AI Summary
Ingevity Corporation (NGVT) Extends Distributorship with TRiiSO LLC to Expand Capa Products Distribution Across North America
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0.23%
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partnership
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Ingevity announces further repositioning of its Performance Chemicals business, including the closure of its DeRidder, Louisiana, facility and additional company-wide cost reduction actions
Rhea-AI Summary
Ingevity Corporation announces strategic actions to reposition its Performance Chemicals segment, including exiting certain commodity-oriented markets, reducing exposure to crude tall oil, and closing the DeRidder facility. The company expects business and corporate savings of $65-75 million and charges of approximately $280 million. The actions are expected to result in a steady state Performance Chemicals segment EBITDA margin of 15-20% and total Ingevity margin of 25-30%.
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Rhea-AI Sentiment
End-of-Day
7.75%
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Ingevity reports third quarter 2023 financial results
Rhea-AI Summary
Ingevity Corporation (NYSE: NGVT) reported its financial results for the third quarter of 2023. Net sales declined 7% to $446.0 million compared to the prior year, primarily due to weak industrial demand. Net income decreased 67% to $25.2 million, and diluted earnings per share (EPS) decreased 65% to $0.69. Adjusted EBITDA was $110.4 million with a margin of 24.8%. The company announced actions to accelerate the repositioning of its Performance Chemicals segment, including the closure of its DeRidder, Louisiana, facility and company-wide restructuring. Full-year adjusted EBITDA guidance for 2023 is between $375 million and $390 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.75%
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earnings
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Ingevity announces dates for third-quarter 2023 earnings release and webcast
Rhea-AI Summary
Ingevity Corporation to release third-quarter 2023 earnings
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-3.2%
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earnings
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Ingevity announces renewable energy project to reduce carbon emissions for United States manufacturing locations
Rhea-AI Summary
Ingevity Corporation (NYSE:NGVT) has entered into a renewable product purchase agreement with NextEra Energy Resources to produce offsetting renewable energy to lower Scope 2 emissions related to Ingevity’s U.S. manufacturing locations. Ingevity aims to reduce greenhouse gas emissions and be carbon neutral for absolute GHG emissions from manufacturing operations by 2050. Ingevity will receive 85 megawatts of capacity at a new NextEra Energy Resources solar site in North Texas.
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End-of-Day
-1.76%
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Ingevity reports second quarter 2023 financial results
Rhea-AI Summary
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End-of-Day
-9.8%
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earnings
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Ingevity announces dates for second-quarter 2023 earnings release and webcast
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-0.24%
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earnings
Stock NGVT logo
Ingevity Corp

NYSE:NGVT

NGVT Rankings

#1983 Ranked by Market Cap
#4387 Ranked by Stock Gains
N/A Ranked by Dividends

NGVT Stock Data

1.64B
35.96M
0.75%
93.52%
1.91%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
Link
US
North Charleston

About NGVT

ingevity is a performance chemicals and materials company dedicated to advancing technologies in oilfield, pavement, carbon and industrial markets that improve daily living. our innovations enable oil to flow better. they help crops grow fuller. they make roads last longer. and they ensure that the air we all breathe is cleaner. there is no customer challenge that our creative and resourceful teams will not take on and solve. by bringing together our high performing people, products and processes, we work together to purify, protect and enhance the world around us, driving exponential results.