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Ingevity Q1 Earnings Up, Revenues Down Y/Y on Repositioning Actions
NGVTIngevity(NGVT) ZACKS·2025-05-09 23:30

Ingevity Corporation (NGVT) recorded a first-quarter 2025 profit of 20.5millionor56centspershare.Thiscomparedfavorablywithalossof20.5 million or 56 cents per share. This compared favorably with a loss of 56 million or a loss of 1.54pershareintheyear−agoquarter.Excludingone−timeitems,adjustedearningsinthequarterwere99centspershare,upfrom47centsayearago.Revenuesfell16.51.54 per share in the year-ago quarter.Excluding one-time items, adjusted earnings in the quarter were 99 cents per share, up from 47 cents a year ago.Revenues fell 16.5% year over year to 284 million in the quarter. This decline was due to lower sales in the Industrial Specialties product line and the Advanced Polymer Technologies segment ...