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Mar 31, 2022
Ingevity Q1 2022 Earnings Report
Reported strong results driven by record sales and increased guidance.
Key Takeaways
Ingevity reported a strong first quarter in 2022, marked by record sales of $382.8 million, a 19.5% increase. Net income rose to $60.8 million, with diluted EPS at $1.55. The company has adjusted its full-year guidance, increasing the top end of the ranges to sales between $1.525 billion and $1.65 billion and adjusted EBITDA between $430 million and $470 million.
Record sales of $382.8 million, up 19.5% year-over-year.
Net income of $60.8 million and diluted earnings per share (EPS) of $1.55.
Record first quarter adjusted EBITDA of $119.0 million, up 12.9% with a margin of 31.1%.
Adjusted full year 2022 guidance increasing the top ends of the ranges to sales between $1.525 billion and $1.65 billion and adjusted EBITDA between $430 million and $470 million.
Revenue by Segment
Forward Guidance
Ingevity raised the top ends of its 2022 guidance ranges to sales between $1.525 billion to $1.65 billion and adjusted EBITDA between $430 million to $470 million.
Positive Outlook
- Continued demand allows the company to capture value and increase prices to offset rising costs.
- Demonstrated ability to respond quickly to challenges.
- Taking actions necessary to continue to drive growth and profitability.
- Continued focus on operational excellence.
- Driving forward with strategic initiatives to position the company to thrive in the long term.
Challenges Ahead
- Global environment remains volatile and uncertain.
- Supply chain disruptions.
- Inflationary pressures driving higher logistics.
- Inflationary pressures driving higher raw materials costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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