Strong Free Cash Flow and Leverage Improvement
Ingevity's leverage improved to 3x, reflecting a full turn improvement in less than a year. Significant free cash flow and disciplined focus on profitability were highlighted.
Performance Materials Segment Success
Performance Materials delivered another quarter of EBITDA margins above 50%. The segment is expected to maintain full-year EBITDA margins above 50%.
Repositioning Success in Performance Chemicals
Performance Chemicals segment has shown improved profit and stability due to successful repositioning actions, with EBITDA more than 3x last year's number and margins approaching 20%.
Increased Guidance for 2025
The company raised the low end of its full-year EBITDA guidance to a range of $390 million to $415 million, and its free cash flow guidance upward to $230 million to $260 million.