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Ingevity (NGVT)
NYSE:NGVT
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.86Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial turnaround on a non-GAAP basis: strong margin expansion, double-digit adjusted EBITDA growth, record free cash flow, significant deleveraging and resumed share repurchases. These positives are partially offset by an 8% decline in consolidated sales, a GAAP net loss driven by large noncash impairments totaling $337 million, continued APT and Road Markings headwinds (sales declines and price pressure), and increased seasonality after the Industrial Specialties divestiture. Management has provided a constructive 2026 outlook that conservatively assumes modest growth in margins and continued capital returns while excluding a one-time litigation payment.Company Guidance
Adjusted EBITDA Growth and Margin Expansion
Total company adjusted EBITDA increased ~10% year-over-year to $398 million, with adjusted EBITDA margin expanding 500 basis points to 30.8%.
Adjusted Gross Profit and EPS Improvement
Adjusted gross profit rose 6.8% to $556 million, gross margin expanded by 610 basis points, and diluted adjusted EPS improved 30% to $4.55.
Record Free Cash Flow and Share Buybacks
Generated $274 million of free cash flow (highest in 5 years), a $220 million increase vs. 2024; used cash to repurchase ~$56 million (≈1 million shares) and resume buybacks with ~ $300 million remaining authorization.
Debt Reduction and Leverage Improvement
Reduced net leverage from 3.5x to 2.6x (nearly a full turn improvement), exceeding the prior target of below 2.8x and positioning to reach 2.0–2.5x in 2026.
Performance Materials Strong Margin Resilience
Performance Materials sales of $607 million were flat year-over-year despite lower auto production; segment EBITDA margin remained robust at 53.8% (expected to stay north of 50%).
Performance Chemicals Repositioning Benefits
Combined Performance Chemicals segment EBITDA increased by $45 million year-over-year; continuing operations EBITDA rose $7 million (12%); combined segment EBITDA margin expanded to 13.5% from 4% a year ago due to repositioning, lower raw material costs and improved logistics.
Operational Discipline in APT
Advanced Polymer Technologies (APT) achieved a strong EBITDA margin of 20% despite sales declining 15% and EBITDA falling 18%, supported by operating efficiency and favorable FX.
Completed Strategic Divestiture
Completed sale of North Charleston CTO refinery and majority of Industrial Specialties on Jan 1, 2026, which management says reduced portfolio volatility and strengthened profitability/cash flow.
2026 Financial Guidance and Capital Allocation
Guidance for 2026: adjusted EPS $4.08–$5.20, sales $1.1–$1.2 billion, adjusted EBITDA $380–$400 million, capex $40–$60 million, and expected free cash flow $225–$250 million (guidance excludes ~ $95 million pre-tax litigation payment). Company plans $300 million of share repurchases through 2027.
Strong Total Shareholder Return in 2025
Delivered 45% total shareholder return in 2025, highest among specialty chemicals peers and top quartile in Russell 2000 materials companies.
NGVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NGVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $69.60 | $70.52 | +1.32% |
Nov 05, 2025 | $54.46 | $46.20 | -15.17% |
Aug 05, 2025 | $49.56 | $48.89 | -1.35% |
May 05, 2025 | $35.52 | $39.20 | +10.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ingevity (NGVT) report earnings?
Ingevity (NGVT) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Ingevity (NGVT) earnings time?
Ingevity (NGVT) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NGVT EPS forecast?
NGVT EPS forecast for the fiscal quarter 2026 (Q1) is 0.86.