Ingevity ( (NGVT) ) has released its Q1 earnings. Here is a breakdown of the information Ingevity presented to its investors.
Ingevity Corporation, a specialty materials company, develops and manufactures products that purify, protect, and enhance the world across various industries, including automotive, construction, and agriculture. Headquartered in North Charleston, South Carolina, Ingevity operates globally with a focus on sustainability and innovation.
In the first quarter of 2025, Ingevity reported net sales of $284.0 million, a 17% decrease from the previous year, primarily due to strategic repositioning in its Performance Chemicals segment. Despite this, the company achieved a net income of $20.5 million and adjusted earnings of $36.4 million, reflecting successful cost-saving measures and improved product mix.
Key financial highlights include an adjusted EBITDA of $91.3 million, marking a 23% increase, with a margin improvement to 32.1%. The Performance Materials segment saw a slight sales increase to $146.8 million, driven by higher volumes in Asia, while the Advanced Polymer Technologies segment experienced a 12% sales decline. The Performance Chemicals segment faced a significant sales drop, attributed to strategic exits from lower-margin markets.
Looking ahead, Ingevity has adjusted its full-year guidance, anticipating sales between $1.25 billion and $1.40 billion and adjusted EBITDA between $380 million and $415 million. The company remains focused on optimizing its portfolio to achieve best-in-class profitability and enhance shareholder returns.
Ingevity’s management remains optimistic about navigating market disruptions, leveraging its strong market positions and global manufacturing footprint to maintain resilience amid international trade uncertainties.