Ingevity Corp Stock Price, News & Analysis

Ingevity Corporation (NYSE:NGVT) will release its second quarter 2022 earnings on August 2, 2022, after market close. A live webcast discussing the results will occur on August 3, 2022, at 10:00 a.m. Eastern. Investors can access the webcast from Ingevity’s website. For those unable to attend live, a recording will be available from 2:00 p.m. Eastern on the same day until August 2, 2023. Ingevity operates globally in Performance Chemicals and Performance Materials sectors, focusing on sustainable solutions.

Ingevity Corporation (NYSE:NGVT) has appointed Christine Stunyo as chief human resources officer, effective June 27, 2022. Stunyo brings over 20 years of HR experience, previously serving at Host Hotels & Resorts as senior vice president. She will lead global HR efforts focusing on organizational development, talent management, and cultural initiatives. CEO John Fortson highlighted Stunyo's expertise in enhancing diversity and inclusion, emphasizing the importance of a strong employee experience. Ingevity operates in performance chemicals and materials, with a commitment to sustainability.

Ingevity Corporation (NYSE:NGVT) has published an environmental product declaration (EPD) for its Evotherm® M1 Warm Mix Asphalt technology, establishing itself as the first chemical additive supplier included in the National Asphalt Pavement Association's Emerald Eco-Label tool. The EPD highlights compliance with environmental standards by assessing the cradle-to-gate impacts of manufacturing.

Studies show that Evotherm M1 offsets greenhouse gas emissions from its production by 18 to 23 times, promoting sustainability in asphalt production.

Ingevity Corporation (NYSE: NGVT) announced that its Capa® thermoplastic grades received the OK biodegradable MARINE certification from TÜV Austria. This certification signifies that Capa thermoplastics biodegrade entirely in marine environments within four weeks, preventing microplastic formation. With applications in bags, films, and packaging, Capa becomes one of the few bioplastics with this certification, addressing marine waste pollution. Ingevity supports global recycling efforts and aims for sustainable solutions, with additional certifications confirming Capa's environmental benefits.

Ingevity Corporation (NYSE: NGVT) reported impressive first-quarter results for 2022, achieving record net sales of $382.8 million, a 19.5% increase year-over-year. The company recorded net income of $60.8 million and EPS of $1.55, up 24.8%. Adjusted EBITDA reached $119.0 million, up 12.9% with a margin of 31.1%. In addition, Ingevity raised its full-year 2022 guidance for sales to $1.525 billion to $1.65 billion and adjusted EBITDA to $430 million to $470 million. Despite inflationary pressures, strong end-market demand allowed the company to increase prices effectively.

Ingevity Corporation (NYSE:NGVT) announced a study by Environmental Resources Management highlighting its lignin-based Polyfon® H dispersant's carbon negative properties. The study reveals that Polyfon offsets greenhouse gas emissions, boasting a carbon footprint 122% lower than traditional fossil carbon-based products. It captures 2.2 metric tons of biogenic CO2 while releasing only 1.46 MT during manufacturing. Additionally, Post-application, this biogenic carbon is expected to remain in soil for over 100 years, supporting sustainability goals in the agriculture sector.

Ingevity Corporation (NYSE: NGVT) will release its first quarter 2022 earnings on May 4, 2022, after market close. A live webcast to discuss the results will take place on May 5, 2022, at 10:00 a.m. Eastern. Access to the call can be made through the company's investor website. Ingevity specializes in products that purify and enhance sustainability across various sectors, operating in Performance Chemicals and Performance Materials. The company is headquartered in North Charleston, South Carolina, and employs approximately 1,850 people.