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.

Earnings

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.

Past Earnings Performance

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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