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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 To Buy CapaTM Caprolactone Unit Of Perstorp Holding
Monday, 10 Dec 2018 05:30am EST 

Dec 10 (Reuters) - Ingevity Corp ::INGEVITY TO ACQUIRE CAPATM CAPROLACTONE DIVISION OF PERSTORP HOLDING AB.DEAL FOR EUR 590 MILLION.CAPA EXPECTS REVENUES OF APPROXIMATELY EUR 150 MILLION FOR 2018 FISCAL YEAR.INGEVITY WILL FUND THIS TRANSACTION THROUGH A COMBINATION OF COMPANY'S CASH AND EXISTING BANK CREDIT FACILITY.AGREEMENT WITH PERSTORP HOLDING AB TO ACQUIRE CAPA(TM) CAPROLACTONE DIVISION OF PERSTORP IN A CASH TRANSACTION.ACQUISITION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO INGEVITY'S EARNINGS IN FIRST FULL YEAR.INGEVITY WILL INCLUDE BUSINESS IN COMPANY'S PERFORMANCE CHEMICALS SEGMENT.  Full Article

Ingevity Reports Third Quarter 2018 Financial Results
Wednesday, 24 Oct 2018 04:15pm EDT 

Oct 24 (Reuters) - Ingevity Corp ::INGEVITY REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.16.Q3 SALES $311.2 MILLION VERSUS I/B/E/S VIEW $305.7 MILLION.Q3 EARNINGS PER SHARE VIEW $1.04 -- THOMSON REUTERS I/B/E/S.SAYS RAISES MID-POINT AND NARROWS RANGE FOR FISCAL YEAR 2018 ADJUSTED EBITDA GUIDANCE AND MAINTAINS GUIDANCE ON REVENUES.SAYS RAISED MID-POINT AND NARROWED RANGE FOR FISCAL YEAR 2018 GUIDANCE FOR ADJUSTED EBITDA TO BETWEEN $306 MILLION AND $314 MILLION.  Full Article

Ingevity Receives FTC Clearance For Acquisition Of Georgia-Pacific's Pine Chemicals Business
Thursday, 1 Mar 2018 04:15pm EST 

March 1 (Reuters) - Ingevity Corp ::INGEVITY RECEIVES CLEARANCE FROM U.S. FEDERAL TRADE COMMISSION FOR ACQUISITION OF GEORGIA-PACIFIC’S PINE CHEMICALS BUSINESS.INGEVITY CORP - ‍INGEVITY EXPECTS TO CLOSE ON ACQUISITION OF GEORGIA-PACIFIC'S PINE CHEMICALS BUSINESS IN Q1 OF 2018​.  Full Article

Ingevity Reports Q4 Earnings Per Share $0.97
Tuesday, 20 Feb 2018 04:15pm EST 

Feb 20 (Reuters) - Ingevity Corp ::INGEVITY REPORTS PRELIMINARY FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.Q4 EARNINGS PER SHARE $0.97.Q4 SALES ROSE 8.8 PERCENT TO $229.5 MILLION.SEES FY 2018 SALES $1.07 BILLION TO $1.13 BILLION.Q4 ADJUSTED EARNINGS PER SHARE $0.45.FY2018 REVENUE VIEW $1.11 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Ingevity Prices $300 Million Senior Notes Offering
Tuesday, 9 Jan 2018 05:59pm EST 

Jan 9 (Reuters) - Ingevity Corp ::INGEVITY PRICES $300 MILLION SENIOR NOTES OFFERING.INGEVITY CORP - NOTES WILL MATURE ON FEBRUARY 1, 2026 AND WILL BEAR AN INTEREST RATE OF 4.50%.INGEVITY - PRICED OFFERING OF $300 MILLION, 8-YEAR SENIOR UNSECURED NOTES.  Full Article

Ingevity Announces Proposed Private Offering Of Senior Unsecured Notes
Monday, 8 Jan 2018 06:35am EST 

Jan 8 (Reuters) - Ingevity Corp ::INGEVITY ANNOUNCES PROPOSED PRIVATE OFFERING OF SENIOR UNSECURED NOTES.INGEVITY CORP - TO USE PROCEEDS OF OFFERING TO FINANCE PURCHASE OF SOME ASSETS.  Full Article

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