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Mar 31, 2021
Ingevity Q1 2021 Earnings Report
Delivered strong first quarter results based on demand improvement across its businesses.
Key Takeaways
Ingevity reported a strong first quarter in 2021, with net sales up 11.1% to $320.3 million and net income up 7.5% to $48.7 million. Adjusted EBITDA increased by 14.3% to $105.4 million. The company has increased its fiscal year 2021 guidance for sales and adjusted EBITDA.
Net sales of $320.3 million were up 11.1%.
Net income of $48.7 million was up 7.5%; net income margin was 15.2%, down 50 basis points.
Adjusted EBITDA of $105.4 million was up 14.3%; adjusted EBITDA margin of 32.9%, up 90 basis points.
Company increases fiscal year 2021 guidance for sales to between $1.275 billion and $1.325 billion and adjusted EBITDA to between $410 million and $430 million
Revenue by Segment
Forward Guidance
Ingevity has increased its fiscal year 2021 guidance for sales from between $1.25 billion and $1.30 billion to sales between $1.275 billion to $1.325 billion, and for adjusted EBITDA from between $400 million and $420 million to adjusted EBITDA between $410 million to $430 million.
Challenges Ahead
- Issues related to transportation and logistics.
- Raw material inflation.
- Automotive raw materials disruptions that could become stronger headwinds throughout the rest of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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