Recap: Ingevity Q1 Earnings

Ingevity NGVT reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Ingevity missed estimated earnings by 3.54%, reporting an EPS of $1.09 versus an estimate of $1.13.

Revenue was up $9.80 million from the same period last year.

Last quarter the company missed on EPS by $0.3 which was followed by a 5.98% drop in the share price the next day.

Here's a look at Ingevity's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.87	1.69	1.62	1.04
EPS Actual	0.57	2.09	1.73	1.62
Revenue Estimate	392.90M	422.62M	409.67M	341.58M
Revenue Actual	383.60M	482.00M	419.90M	382.80M

To track all earnings releases for Ingevity visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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