Ingevity Corp Stock Price, News & Analysis

Ingevity Corporation (NYSE:NGVT) reported Q1 2021 net sales of $320.3 million, an 11.1% increase year-over-year. Net income grew 7.5% to $48.7 million, with diluted earnings per share rising to $1.20 from $1.08. Adjusted EBITDA reached $105.4 million, up 14.3%, and the EBITDA margin improved to 32.9%. However, operating cash flow fell 15.1% to $51.1 million. The company raised its fiscal year guidance, now expecting sales of $1.275 billion to $1.325 billion and adjusted EBITDA of $410 million to $430 million.

Ingevity Corporation (NYSE:NGVT) has partnered with GreenGasUSA Holdings to enhance renewable natural gas (RNG) solutions. This collaboration allows Ingevity to hold a less than 50% stake in GreenGas, which focuses on collecting and purifying biogas from agricultural and industrial waste. The investment will support the development of biogas capture systems and leverage Ingevity's activated carbon technology for natural gas transport. This strategic move positions Ingevity in the growing RNG market, reducing greenhouse gases and promoting sustainable energy solutions.

Ingevity Corporation (NYSE: NGVT) announced a live webinar on April 14, 2021, focusing on activated carbon's role in internal combustion engines. This event is part of a larger series aimed at educating investors and analysts on business dynamics and strategic innovations. Key presenters include Ed Woodcock and Mike Tschantz, with an opportunity for Q&A. The webinar will be available via Ingevity's Investor Relations site and teleconference. A replay will be accessible for those who cannot attend live, highlighting ongoing efforts in performance materials and chemicals.

Ingevity Corporation (NYSE: NGVT) will announce its first quarter earnings on April 28, 2021, after market close. A live webcast discussing the results will take place on April 29, 2021, at 10:00 a.m. (Eastern). Investors can access the webcast on Ingevity's investor website or by dialing in for the conference call. A replay of the webcast will be available from April 29, 2021, until May 27, 2021. Ingevity specializes in products that purify and enhance the environment, operating in two segments: Performance Chemicals and Performance Materials.

Quaker Houghton (NYSE: KWR) announced that Mary Dean Hall, CFO, is leaving to join Ingevity Corporation (NYSE: NGVT) as CFO, effective April 19, 2021. Shane Hostetter will be promoted to CFO, bringing extensive financial experience from his tenure since 2011. Hall expressed confidence in the company’s future and plans to remain a shareholder. The leadership transition aims to maintain stability and support ongoing growth strategies.

Ingevity Corporation (NYSE:NGVT) has appointed Mary Dean Hall as executive vice president and chief financial officer, effective April 19, 2021. Hall brings extensive experience from her previous role as CFO at Quaker Houghton and has held significant financial positions at Eastman Chemical Company. This strategic hire aims to strengthen Ingevity's finance team and support the company’s growth initiatives. CEO John C. Fortson expressed enthusiasm for Hall's contributions, citing her relevant background in the chemical industry.

Ingevity Corporation (NYSE:NGVT) has launched a webinar series aimed at educating analysts and investors about market dynamics and the company's strategic innovations over the next six months. The series includes topics such as activated carbon applications and growth opportunities in engineered polymers, with presentations from various executives. CEO John Fortson highlights the company's commitment to transparency and long-term growth. The webinars will be accessible on Ingevity’s Investor Relations site, and replays will be available for those unable to attend live.

Ingevity (NYSE: NGVT) highlights the advantages of its Nuchar® AG activated carbon technology for grass farming applications through a new video. The product enhances crop yield by protecting seedlings from excess herbicides during planting. Valley Agronomics, a supplier of herbicides, reports that Nuchar AG leads to faster application and significantly reduces crop injury by up to 85%. Testing conducted by an agricultural research firm confirms Nuchar AG's superior performance, helping farmers in regions like Oregon’s Willamette Valley.

Ingevity Corporation (NYSE: NGVT) has partnered with the City of Orlando to implement a demonstration program for adsorbed natural gas (ANG) bi-fuel vehicle technology. Orlando will integrate two ANG-equipped Ford F-150 trucks into its fleet to evaluate fuel savings and greenhouse gas (GHG) emissions reduction. ANG technology significantly lowers natural gas storage pressure, facilitating cost-effective fueling solutions. ANG vehicles can reduce GHG emissions by 25% compared to traditional fuels, and up to 125% with renewable natural gas. This initiative aligns with Orlando's commitment to sustainable energy.