NGVT Stock - Ingevity Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.41B | $1.69B | $1.67B | $1.39B | $1.22B |
| Gross Profit | $454.70M | $471.90M | $570.10M | $512.80M | $465.50M |
| Gross Margin | 32.3% | 27.9% | 34.2% | 36.9% | 38.3% |
| Operating Income | $259.90M | $256.40M | $341.00M | $307.20M | N/A |
| Net Income | $-430,300,000 | $-5,400,000 | $211.60M | $118.10M | $181.40M |
| Net Margin | -30.6% | -0.3% | 12.7% | 8.5% | 14.9% |
| EPS | $-11.85 | $-0.15 | $5.54 | $2.97 | $4.39 |
Ingevity Corporation manufactures and sells specialty chemicals and activated carbon materials in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats. This segment also produces other activated carbon products for use in various applications, including food, water, beverage, and chemical purification. The Performance Chemicals segment comprises of pavement technologies, industrial specialties, and engineered polymers. It manufactures products derived from crude tall oil and lignin extracted from the kraft pulping process, as well as caprolactone monomers and derivatives derived from cyclohexanone and hydrogen peroxide. This segment's products are used in various applications comprising warm mix paving, pavement preservation, pavement reconstruction and recycling, oil well service additives, oil production, and downstream applications; and adhesives, agrochemical dispersants, lubricants, printing inks, industrial intermediates and oilfield, coatings, resins, elastomers, bioplastics, and medical devices. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 26th 2025 | BMO Capital Markets | Upgrade | Outperform | $65← $62 |
| August 7th 2024 | CJS Securities | Upgrade | Market Outperform | $58 |
| April 22nd 2024 | Jefferies | Upgrade | Buy | $62← $52 |
| November 6th 2023 | CJS Securities | Downgrade | Market Perform | $49 |
| October 3rd 2023 | Loop Capital | Downgrade | Hold | $53← $62 |
| August 7th 2023 | BMO Capital Markets | Downgrade | Market Perform | $60← $71 |
| July 27th 2023 | Loop Capital | Upgrade | Buy | $75← $64 |
| May 5th 2023 | Loop Capital | Downgrade | Hold | $64← $92 |
| February 2nd 2023 | Loop Capital | Upgrade | Buy | $100← $81 |
| October 11th 2022 | BMO Capital Markets | Resumed | Outperform | $87← $89 |
Earnings History & Surprises
NGVTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 16, 2026 | — | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.74 | $1.31 | +77.0% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $1.02 | $1.39 | +36.3% | ✓ BEAT |
Q2 2025 | May 5, 2025 | $0.74 | $0.99 | +33.8% | ✓ BEAT |
Q1 2025 | Feb 18, 2025 | $0.29 | $0.95 | +227.6% | ✓ BEAT |
Q4 2024 | Oct 29, 2024 | $0.60 | $1.10 | +83.3% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $1.05 | $1.01 | -3.8% | ✗ MISS |
Q2 2024 | May 1, 2024 | $0.37 | $0.52 | +40.5% | ✓ BEAT |
Q1 2024 | Feb 21, 2024 | $-0.13 | $0.21 | +261.5% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $1.22 | $1.21 | -0.8% | ✗ MISS |
Q3 2023 | Aug 2, 2023 | $1.41 | $1.41 | 0.0% | = MET |
Q2 2023 | May 3, 2023 | $1.13 | $1.09 | -3.5% | ✗ MISS |
Q1 2023 | Feb 27, 2023 | $0.90 | $0.57 | -36.7% | ✗ MISS |
Q4 2022 | Nov 2, 2022 | $1.69 | $2.09 | +23.7% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $1.62 | $1.73 | +6.8% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $1.04 | $1.62 | +55.8% | ✓ BEAT |
Q1 2022 | Feb 23, 2022 | $0.78 | $0.78 | 0.0% | = MET |
Q4 2021 | Oct 27, 2021 | $1.52 | $1.62 | +6.6% | ✓ BEAT |
Q3 2021 | Jul 28, 2021 | $1.21 | $1.55 | +28.1% | ✓ BEAT |
Latest News
Wells Fargo Maintains Equal-Weight on Ingevity, Raises Price Target to $60
➖ NeutralBMO Capital Maintains Outperform on Ingevity, Raises Price Target to $70
📈 PositiveIngevity Announces Leadership Transitions As Portfolio Review Concludes, Naming Phillip J. Platt CFO Effective May 1, 2026
➖ NeutralIngevity Announces Portfolio Review Results, Plans To Pursue Strategic Alternatives For Advanced Polymer Technologies And Performance Chemicals Road Markings
➖ NeutralWells Fargo Maintains Equal-Weight on Ingevity, Raises Price Target to $55
➖ NeutralIngevity Corporation Signs License Agreement For CHASM's Carbon Nanotube Production Technology, Granting Co. rights To Manufacture CHASM's NTeC-E CNT Conductive Additives In North America And Select European Countries
📈 PositiveIngevity shares are trading lower after the company reported worse-than-expected Q3 Adjusted EPS results and lowered its FY2025 sales guidance.
📉 NegativeIngevity Narrows FY2025 Sales Guidance from $1.250B-$1.400B to $1.250B-$1.350B vs $1.276B Est
➖ NeutralIngevity Q3 Adj. EPS $1.31 Misses $1.39 Estimate, Sales $362.100M Beat $360.433M Estimate
➖ NeutralBMO Capital Maintains Outperform on Ingevity, Raises Price Target to $68
📈 PositiveIngevity To Sell North Charleston CTO Refinery And Performance Chemicals Industrial Specialties Product Line To Mainstream For $110M Plus Up To $19M Contingent Payout
📈 PositiveFrequently Asked Questions about NGVT
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