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Jun 30, 2022
Ingevity Q2 2022 Earnings Report
Ingevity's second quarter 2022 financial results were reported with record sales and strategic growth investments announced.
Key Takeaways
Ingevity reported record sales of $419.9 million, a 17.2% increase year-over-year. The company also announced two strategic growth investments: the acquisition of Ozark Materials and an investment in Nexeon Limited.
Record sales of $419.9 million, up 17.2% year-over-year, were achieved.
Net income reached $59.8 million, with diluted earnings per share (EPS) at $1.54; adjusted earnings were $67.0 million, and diluted adjusted EPS was $1.73.
The second-highest quarterly EBITDA was $121.1 million, a 2.9% increase, with an adjusted EBITDA margin of 28.8%.
Operating cash flow was $90.5 million, and free cash flow was $60.9 million.
Revenue by Segment
Forward Guidance
Ingevity reaffirms its 2022 guidance ranges of sales between $1.525 billion to $1.65 billion and adjusted EBITDA between $430 million to $470 million.
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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