Ingevity reports Q1 adjusted EPS 99c, consensus 74c

Reports Q1 revenue $284M, consensus $285.47M. “This quarter’s strong results highlight the successful execution of the repositioning of our Performance Chemicals segment as well as the continued strength of our Performance Materials segment,” said David Li, Ingevity (NGVT) president and CEO. “I am honored to join Ingevity and energized by the opportunity to lead this world-class specialty materials company. Our focus will remain on portfolio optimization as we pursue best-in-class profitability in order to deliver superior stockholder returns.”