Ingevity Corp (NGVT) Form 10-Q — Nov 5, 2026
Ingevity reported Q3 2026 net sales of $305.1 million, down 8% year-over-year, but up 2% excluding the divested road markings product line sold to PPG Industries for $63.2 million in April 2026. Diluted EPS was $1.41 versus $1.18 a year ago, and net income was $49.3 million. The company narrowed its full-year 2026 adjusted EBITDA outlook to $385-$395 million, maintaining the prior midpoint, and reaffirmed net sales of roughly $1.1 billion. Nine-month operating cash flow fell to $83.4 million from $234.1 million, driven by a $113.2 million litigation settlement payment.
Key figures
- Eps
- 1.41
- Revenue
- 305.1
- Guidance
- Full-year 2026 net sales ~$1.1 billion; adjusted EBITDA narrowed to $385-$395 million; effective tax rate 22-24%; capex $50-60 million
- Net Income
- 49.3
- Revenue Yoy
- -8%
- Total Assets
- 1503.4
- Cash Position
- 85.4
- Shares Outstanding
- 33780725
- Net Leverage
- 2.4
- Adjusted Ebitda Q3
- 108
- Interest Coverage
- 7
- Buybacks Nine Months
- $126.3M (1,804,168 shares at avg $69.44)
- Diluted Eps Nine Months
- 4.08
- Revolver Undrawn Capacity
- 312.8
- Adjusted Ebitda Nine Months
- 314.5
- Litigation Settlement Payment
- 113.2
- Buyback Authorization Remaining
- 172.2
AI analysis
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