Welcome to our dedicated page for Ingevity news (Ticker: NGVT), a resource for investors and traders seeking the latest updates and insights on Ingevity stock.
Ingevity Corporation (NGVT) delivers specialty chemicals and advanced materials for critical industries ranging from automotive systems to infrastructure development. This news hub provides investors and industry professionals with direct access to official announcements, financial updates, and operational developments from the company.
Track NGVT's latest earnings reports, product innovations in activated carbon technologies, and strategic partnerships across its three core segments. Discover updates on sustainability initiatives, regulatory compliance milestones, and market expansion efforts that shape the company's position in industrial materials.
All content is sourced directly from Ingevity's verified communications, ensuring accuracy for those analyzing market trends or evaluating long-term growth potential. Bookmark this page to monitor how NGVT's pavement preservation solutions, agrochemical additives, and emission control technologies evolve within competitive global markets.
Allegion (NYSE: ALLE), a global leader in security products, has announced the appointment of Stacy Cozad as Senior Vice President, General Counsel, and Corporate Secretary, effective August 5, 2024. Cozad succeeds Jeff Braun, who will retire on December 31, 2024. With nearly 30 years of experience, Cozad brings expertise in law, compliance, corporate communications, and cybersecurity. Previously, she served as EVP, General Counsel, and Corporate Secretary at Ingevity , managing $2 billion in 2023 revenue. John H. Stone, Allegion's CEO, highlighted Cozad's strategic problem-solving skills and dedication to core values, welcoming her to the executive leadership team to drive the company's growth and innovation.
Ingevity released its 2023 Sustainability Report, emphasizing its commitment to environmental, social, and governance sustainability initiatives. The report highlights that 92% of 2023 revenue was generated from products supporting the UN Sustainable Development Goals. Key achievements include ISCC+ Mass Balance accreditation in Warrington, UK, an EcoVadis Silver rating, and surpassing GHG intensity reduction goals ahead of schedule. Additionally, Ingevity contributed 4,200 volunteer hours and $1.6 million to local communities. The company appointed its first Chief Sustainability Officer to oversee its sustainability strategy. Future goals include achieving carbon neutrality by 2050 and maintaining top safety performance in manufacturing by 2028.
Ingevity (NYSE: NGVT) reported a decline in first quarter 2024 net sales of $340.1 million, down 13% primarily due to the repositioning of the Performance Chemicals segment. The company incurred a net loss of $56.0 million with diluted loss per share of $1.54, offset by adjusted earnings of $19.1 million and diluted adjusted EPS of $0.52. Ingevity realized cost savings of $20 million in Q1 and aims for $65-75 million in 2024. Full-year guidance includes sales of $1.40-$1.55 billion and adjusted EBITDA between $365-$390 million.
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