Ingevity reports first quarter 2026 financial results
Ingevity reported Q1 2026 net sales of $258.0 million, up 4% year-over-year, with adjusted EPS rising to $1.15 from $1.01 in the prior year despite GAAP net income declining due to a $16.2 million litigation charge. The company completed two divestitures—Industrial Specialties for $93 million and Road Markings for $65 million—and utilized the proceeds to aggressively repurchase $52 million of shares during the quarter.
Key figures
- Eps
- 0.65
- Revenue
- 258000000
- Guidance
- FY26 net sales $1.05B-$1.15B, adjusted EBITDA $370M-$395M, adjusted EPS $4.70-$5.20
- Revenue Yoy
- 4%
- Net income
- 23400000
- Adjusted eps
- 1.15
- Adjusted ebitda
- 91500000
- Share repurchases
- 52000000
- Adjusted ebitda margin
- 35.5%
AI analysis
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