“As we continue to execute on our strategic commitments of improving profitability and reducing leverage, our strong market positions and global manufacturing footprint give us the flexibility to withstand certain market disruptions. However, the current state of international trade relations has lowered expectations of global auto production, and therefore we are widening the range of our guidance to reflect this risk. Our revised guidance is sales between $1.25 billion and $1.40 billion and adjusted EBITDA of between $380 million and $415 million,” said David Li, Ingevity (NGVT) president and CEO.
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