Ingevity: Q2 Earnings Insights

Shares of Ingevity NGVT were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 53.68% over the past year to $0.63, which beat the estimate of $0.60.

Revenue of $270,600,000 decreased by 23.30% year over year, which beat the estimate of $256,300,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Ingevity hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $102.08

52-week low: $24.92

Price action over last quarter: Up 15.56%

Company Profile

Ingevity Corp is a chemical manufacturer based in the United States. It conducts its operations through two segments, namely Performance Chemicals and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment which deals with the manufacture and sale of specialty chemicals which find their use in a range of processes such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. The Performance Materials segment, on the other hand, focusses on automotive carbon products used in automobiles. The Company sells its products worldwide, with special emphasis on North America.