Strategic Divestiture Announcement
Ingevity announced the sale of its Industrial Specialties business for $110 million, expected to close in early 2026, with plans to use the majority of proceeds for debt reduction.
Performance Materials Growth
Performance Materials sales increased by 3% due to volume growth, despite a challenging global auto environment.
Record Sales in Road Technologies
The Road Technologies segment achieved record sales for its pavement business in North America, contributing to overall strong performance.
EBITDA Margin Expansion
Achieved best-in-class EBITDA margins of 33% for the sixth consecutive quarter of year-over-year margin expansion.
Debt Reduction and Share Repurchases
Strong cash flow enabled the company to reduce debt, achieving a net leverage of 2.7x ahead of the planned 2.8x target, and repurchased $25 million in shares.