Ingevity reports Q3 adjusted EPS $1.52, consensus $1.39

Reports Q3 revenue $362.1M, consensus $360.43M. “We are excited to have executed the initial step in our portfolio optimization with the announced sale of Industrial Specialties and the North Charleston refinery and expect to communicate the results of our portfolio review by the end of the year. Our strong quarterly results highlight the resilience of Performance Materials in a dynamic tariff environment, the successful execution of our repositioning actions, and record pavement sales in North America. This combination resulted in significant free cash flow generation which enabled us to accelerate deleveraging and resume share repurchases,” said David Li, CEO of Ingevity (NGVT).