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 (NYSE: NGVT) is a specialty materials and chemical manufacturer that reports its operations through three segments: Performance Materials, Advanced Polymer Technologies and Performance Chemicals. News about NGVT often centers on how these businesses evolve, how the portfolio is being reshaped and how the company’s products are used in demanding applications such as adhesives, agrochemicals, asphalt paving, certified biodegradable bioplastics, coatings, elastomers, pavement markings, lubricants, oil drilling and automotive components.
Investors following Ingevity news can expect frequent updates on segment performance, portfolio actions and strategic direction. Recent announcements include the agreement and subsequent completion of the sale of the North Charleston crude tall oil refinery and the majority of the Performance Chemicals Industrial Specialties product line to Mainstream Pine Products, LLC. The company has characterized this divestiture as a way to reduce portfolio volatility, strengthen margins and cash flow and focus on higher-margin specialty applications in activated carbon and pavement or road technologies.
Ingevity has also reported on its portfolio review process and its decision to explore strategic alternatives for the Advanced Polymer Technologies segment and the Performance Chemicals Road Markings business, including potential sales. Leadership changes at the segment and corporate level, such as appointments in finance, operations and Performance Materials, are another recurring theme in company press releases and SEC filings.
In addition, NGVT news has highlighted Ingevity’s role in emerging battery materials through a license agreement with CHASM Advanced Materials for carbon nanotube conductive additives used in battery applications in North America and select European countries. Earnings releases provide detail on segment sales, adjusted EBITDA, cash flow and guidance ranges, giving context on how strategic initiatives and market conditions affect the company’s financial profile. For investors and observers, the NGVT news stream offers insight into how Ingevity is repositioning its portfolio, managing its segments and pursuing opportunities in specialty chemicals and materials.
Ingevity Corporation (NYSE: NGVT) will introduce its new polycaprolactone products, Capa® LT, in a webinar on February 23, 2023, at 11 a.m. ET. Dr. Scott Phillips, Technical Market Development Manager, will discuss the product's applications in various industries, including transportation and aerospace. Capa LT aims to enhance polyurethane performance in low temperatures and reduce reliance on PTMEG technology, which has faced supply challenges. The webinar will include a presentation and Q&A session. Ingevity operates globally with a focus on sustainable solutions across diverse markets.
Ingevity Corporation (NYSE: NGVT) will present its expanded pavement marking product line at the ATSSA 2023 Convention and Traffic Expo in Phoenix, AZ, from February 18-21, 2023. The company showcases its capabilities following the acquisition of Ozark Materials in October 2022, introducing products like GreenLane™ Spray for bike lane markings and ThermoAccel™, a durable thermoplastic that simplifies application processes. This marks Ingevity's debut at the ATSSA event, highlighting its commitment to roadway safety and innovation in traffic solutions.
Ingevity Corporation (NYSE:NGVT) will announce its Q4 and full-year 2022 earnings on
Ingevity Corporation (NYSE:NGVT) announced that its president and CEO, John Fortson, was named one of the 50 Most Influential People of 2022 by Charleston Business Magazine. This recognition highlights his economic and community impact. Fortson, who became CEO in September 2020, emphasized Ingevity's mission to enhance the quality of life in North Charleston. The company was also recognized as America’s Most Responsible Companies of 2023, ranking first in South Carolina and 10th in the chemicals sector. Additionally, Ingevity received an EcoVadis Gold rating for its commitment to ethical business practices.
Summary not available.
Ingevity Corporation (NYSE: NGVT) reported third quarter 2022 record sales of $482.0 million, a 27.9% increase year-over-year, driven by strong demand and price increases. Net income surged to $75.4 million, with diluted EPS at $1.98. Adjusted EBITDA also hit a record $138.2 million, up 15.6%, with an adjusted EBITDA margin of 28.7%. Full-year sales guidance was raised to $1.65 billion - $1.70 billion. Share repurchases totaled $49.3 million for the quarter, supporting shareholder returns. The acquisition of Ozark Materials was completed on October 3rd, enhancing market presence.
Ingevity Corporation (NYSE:NGVT) will release its third quarter 2022 earnings on November 2, 2022, after the market close. A live webcast discussing the results will occur on November 3, 2022, at 10:00 a.m. Eastern. Investors can access the webcast here. The company, headquartered in North Charleston, South Carolina, specializes in performance chemicals and materials used in various applications, signaling its commitment to sustainability.
Ingevity Corporation (NYSE:NGVT) has completed the acquisition of Ozark Materials for
Ingevity Corporation (NYSE:NGVT) has rebranded its adsorbed natural gas vehicle business to NeuFuel, signaling a focus on facilitating cost-effective transitions to carbon-neutral fuels for diesel fleets. NeuFuel enables diesel vehicles to run on renewable natural gas, targeting markets such as school buses and delivery trucks. The company emphasizes NeuFuel's unique offer as a pathway to zero emissions for existing diesel vehicles. The product line will also integrate with American CNG’s DEMI Diesel Displacer™ for enhanced dual-fuel capabilities.
Ingevity Corporation (NYSE:NGVT) has launched its Capa® polyols production in the U.S., marking the first production of high-performance caprolactone polyols domestically. This expansion at the DeRidder, Louisiana facility increases global capacity for polyols by 40%. The investment includes enhanced storage capacity, facilitating bulk shipments to U.S. customers. The company aims to meet rising demand and improve service levels for its growing customer base. Ingevity operates globally with a focus on sustainable solutions in Performance Chemicals and Materials.
FAQ
What is the current stock price of Ingevity (NGVT)?
What is the market cap of Ingevity (NGVT)?
