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Ingevity Corp (NGVT.N)

NGVT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ingevity reports Q3 earnings per share $0.79
Wednesday, 1 Nov 2017 04:15pm EDT 

Nov 1 (Reuters) - Ingevity Corp :Ingevity reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.86.Q3 earnings per share $0.79.Q3 sales $264.1 million versus I/B/E/S view $260.9 million.Sees FY 2017 sales $945 million to $955 million.Q3 earnings per share view $0.76 -- Thomson Reuters I/B/E/S.Ingevity Corp - narrowed and raised its guidance for fy 2017 adjusted ebitda from between $220 million and $230 million to between $227 million and $232 million​.  Full Article

Ingevity says ‍if deal to buy Georgia-Pacific's Pine Chemicals Business terminated, then co to pay Georgia-Pacific Chemicals​ termination fee of $15 million
Tuesday, 22 Aug 2017 04:46pm EDT 

Aug 22 (Reuters) - Ingevity Corp :Ingevity says ‍if deal to buy Georgia-Pacific's Pine Chemicals Business terminated, then co to pay Georgia-Pacific Chemicals​ termination fee of $15 million.  Full Article

Ingevity to acquire Georgia-Pacific’s pine chemicals business
Tuesday, 22 Aug 2017 04:15pm EDT 

Aug 22 (Reuters) - Ingevity Corp :Ingevity Corp - deal for ‍$315 million​.Ingevity Corp - will enter into a 20-year, market-based crude tall oil (CTO) supply contract with certain of Georgia-Pacific's paper mill operations​.Ingevity - will not acquire Georgia-Pacific's merchant CTO or crude sulfate turpentine business which will be retained and operated by Georgia-Pacific.Ingevity Corp - ‍will fund transaction through an amendment and extension of its bank credit facility​.Ingevity Corp - ‍acquisition would be accretive to earnings in first year following closing​.Ingevity Corp - ‍amended and extended facility is comprised of a $550 million revolving credit facility and a $375 million term loan​.Ingevity Corp - ‍company expects to derive approximately $11 million in net synergies as a result of acquisition​.Ingevity Corp - ‍$925 million facility matures in May 2022 and includes 13 participating banks​.  Full Article

Ingevity Q2 earnings per share $0.76
Wednesday, 2 Aug 2017 04:15pm EDT 

Aug 2 (Reuters) - Ingevity Corp ::Ingevity reports second quarter 2017 financial results.Q2 adjusted earnings per share $0.78.Q2 earnings per share $0.76.Q2 sales $260.3 million versus I/B/E/S view $259.6 million.Sees FY 2017 sales $940 million to $955 million.Q2 earnings per share view $0.70 -- Thomson Reuters I/B/E/S.Raises fiscal year 2017 adjusted EBITDA guidance to between $220 million and $230 million.Fy2017 revenue view $954.9 million -- Thomson Reuters I/B/E/S.  Full Article

Ingevity says will build a new activated carbon extrusion plant in Changshu, China
Wednesday, 28 Jun 2017 08:00am EDT 

June 28 (Reuters) - Ingevity Corp :Ingevity corp - will build a new activated carbon extrusion plant in changshu, china.Ingevity corp - new facility will be located in changshu city within jiangsu province.Ingevity corp - new facility is expected to be operational by fall of 2018 and will employ about 80 people.Ingevity corp - plant represents an investment of approximately $20 million, majority of which will be incurred in 2018..  Full Article

Ingevity Q1 adjusted earnings per share $0.49
Wednesday, 3 May 2017 04:15pm EDT 

May 3 (Reuters) - Ingevity Corp ::Ingevity reports first quarter 2017 financial results.Q1 adjusted earnings per share $0.49.Q1 earnings per share $0.45.Q1 sales $218.5 million versus I/B/E/S view $207.3 million.Q1 earnings per share view $0.47 -- Thomson Reuters I/B/E/S.Sees FY 2017 sales $930 million to $950 million.Sees FY 2017 adjusted ebitda between $215 million and $225 million.  Full Article

Ingevity Q4 adjusted earnings per share $0.34
Wednesday, 22 Feb 2017 04:15pm EST 

Ingevity Corp : Ingevity reports preliminary fourth quarter and full year 2016 financial results . Q4 adjusted earnings per share $0.34 . Q4 earnings per share $0.22 . Sees FY 2017 sales $930 million to $950 million . Q4 sales $210.9 million versus I/B/E/S view $202 million . Q4 earnings per share view $0.30 -- Thomson Reuters I/B/E/S . Sees 2017 adjusted EBITDA between $215 million and $225 million .Sees board of directors authorizes $100 million share repurchase program.  Full Article

Sea-Land Chemical Co. expands relationship with Ingevity
Wednesday, 18 Jan 2017 02:09pm EST 

Ingevity Corp : Sea-Land Chemical Co. xxpands relationship with Ingevity . Ingevity Corp says effective January 1, 2017, Ingevity announced expansion of Sea-Land Chemical Co. distribution territory .Ingevity says Sea-Land Chemical will serve as exclusive distribution channel for Ingevity's performance chemicals into lubricants market in United States.  Full Article

Ingevity posts Q2 adjusted earnings per share $0.66
Wednesday, 3 Aug 2016 04:15pm EDT 

Ingevity Corp : Ingevity reports second quarter 2016 financial results . Q2 adjusted earnings per share $0.66 . Q2 earnings per share $0.56 . Q2 sales $248.7 million versus $262.2 million . Sees FY 2016 sales $880 million to $910 million . Says second half of year is expected to be impacted by planned outages at Ingevity's manufacturing facilities, . Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S . FY2016 earnings per share view $1.81, revenue view $909.5 million -- Thomson Reuters I/B/E/S . Says cost reduction initiatives remain on track to deliver $25 million to $30 million for full year .Sees FY adjusted EBITDA of between $180 million and $195 million.  Full Article

Ingevity names Richard Kelson as chairman of board
Monday, 16 May 2016 07:52am EDT 

Ingevity Corp : On May 15, 2016, board expanded size from three directors to seven directors . Richard B. Kelson was appointed as chairman of board . On May 13, borrowed $200 million in senior secured revolving loans pursuant to its credit agreement, dated March 7, 2016 .Jean Blackwell will continue to serve as director, as chair of the audit committee of the board following the distribution.  Full Article

BRIEF-Ingevity reports Q3 earnings per share $0.79

* Q3 earnings per share view $0.76 -- Thomson Reuters I/B/E/S