Loading...
•
Jun 30, 2021
Ingevity Q2 2021 Earnings Report
Ingevity's second quarter performance was driven by increased volumes and price increases across segments, leading to significant growth in net sales, net income, and adjusted EBITDA.
Key Takeaways
Ingevity reported strong second quarter results with net sales up 32.4% to $358.4 million and net income up 119.3% to $44.3 million. Adjusted EBITDA increased by 75.1% to $117.7 million. The company also increased its full year 2021 guidance for sales and adjusted EBITDA.
Net sales increased by 32.4% to $358.4 million.
Net income rose 119.3% to $44.3 million, with a net income margin of 12.4%.
Adjusted EBITDA increased 75.1% to $117.7 million, with an adjusted EBITDA margin of 32.8%.
Free cash flow was up 23.6% to $41.9 million.
Revenue by Segment
Forward Guidance
Ingevity has increased its full year 2021 guidance from sales between $1.275 billion and $1.325 billion to sales between $1.320 billion to $1.360 billion, and from adjusted EBITDA between $410 million and $430 million to adjusted EBITDA between $425 million to $440 million.
Positive Outlook
- Solid performance in the first half of the year
- Continued robust demand for our products
- Team’s ability to deliver strong performance in the second half of the year
- Sales between $1.320 billion to $1.360 billion
- Adjusted EBITDA between $425 million to $440 million
Challenges Ahead
- Ongoing transportation and logistics headwinds
- Raw materials inflation
- Automotive sector input disruptions
- Microchip shortage continues to impact automotive production on a global scale.
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
Loading earnings performance data...
Loading earnings reaction data...