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Ingevity (NGVT) will receive 85 megawatts of capacity at a new NextEra Energy Resources solar site constructed in North Texas as part of the agreement.
Ingevity's (NGVT) Q2 revenues gain from higher prices across its segments, and increased volumes in the Performance Materials segment and the pavement technologies business line.
The headline numbers for Ingevity (NGVT) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Net sales have recently increased thanks to product price raises, but volumes remain weak. Profit margins are depressed due to inflationary pressures, but cash from operations is high enough to cover interest expenses and capital expenditures. The company's long-term debt is manageable despite rising interest expenses, but the management should materialize its intentions to reduce it.
The SOIL certification is Ingevity's (NGVT) fifth TUV Austria OK certification for Capa thermoplastics products.
NGVT, IART and BRDG have been added to the Zacks Rank #5 (Strong Sell) List on June 29, 2023.
Ingevity (NGVT) reported earnings 30 days ago. What's next for the stock?
A slower recovery in automotive in China and continued destocking weigh on Ingevity's (NGVT) Q1 results.
Ingevity Corporation (NYSE:NGVT ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants John Nypaver - VP, IR & Treasurer John Fortson - President, CEO & Director Mary Hall - EVP & CFO Richard White - SVP & President, Performance Chemicals Steve Hulme - SVP & President, Advanced Polymer Technologies Stuart Woodcock - EVP & President, Performance Materials Conference Call Participants Vincent Anderson - Stifel, Nicolaus & Company Jonathan Tanwanteng - CJS Securities Christopher Kapsch - Loop Capital Markets Ian Zaffino - Oppenheimer Michael Sison - Wells Fargo Securities Daniel Rizzo - Jefferies Operator Good morning, or good afternoon, all, and welcome to the Ingevity First quarter 2023 Earnings Webcast. My name is Adam and I'll be your representative today.
Ashland and Ingevity both came up short of analysts' expectations regarding quarterly earnings reports. Management teams for Ashland and Ingevity both see a less auspicious 2023.