Ingevity (NGVT) Reports In-Line Q3 EPS
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Ingevity reports third quarter 2023 financial results
November 1, 2023 4:15 PM EDTHIGHLIGHTS: (comparisons versus prior year period)
Net sales of $446.0 million, down 7%, compared to a record prior year Net income of $25.2 million and diluted earnings per share (EPS) of $0.69; adjusted earnings of $44.2 million and diluted adjusted EPS of $1.21 Adjusted EBITDA of $110.4 million and adjusted EBITDA margin of 24.8% Operating cash flow of $106.9 million with free cash flow of $73.4 million Updated 2023 full-year guidance for adjusted EBITDA between $375 million to $390 million The company also announced today actions to accelerate the repositioning of its Performance Chemicals segment, including the closure of its DeRidder, Louisiana,... More