Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 63

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 months ended June 30, 2025 vs. 2024$185.5 (26.4)8.2 0.6 $167.9 Road Technologies product line129.1 (12.2)2.5 0.1 119.5 Industrial Specialties product line56.4 (14.2)5.7 0.5 48.4 Six months ended June 30, 2025 vs. 2024$332.5 (78.6)8.4 0.6 $262.9 Road Technologies product line174.8 (14.5)3.4 0.1 163.8 Industrial Specialties product line157.7 (64.1)5.0 0.5 99.1 

Three Months Ended June 30, 2025 vs. 2024

Segment net sales. The decrease of $17.6 million in 2025 was driven by a volume decline of $26.4 million (14 percent), as a result of a decrease in industrial specialties ($14.2 million) and road technologies ($12.2 million). This was partially offset by favorable pricing and sales mix of $8.2 million (four percent), attributable to an increase in industrial specialties ($5.7 million) and road technologies ($2.5 million). Net sales was also impacted by favorable foreign currency exchange of $0.6 million (zero percent). 

Segment EBITDA. The increase of $22.7 million in 2025 was driven by lower manufacturing costs of $13.9 million, primarily due to lower cost CTO, favorable pricing and sales mix of $8.2 million, LIFO liquidation benefit of $4.3 million, lower SG&A of $1.3 million, which benefited from the Performance Chemicals repositioning, and decreased foreign currency exchange and other charges of $0.7 million. The increase was partially offset by a volume decline of $5.7 million. 

Six Months Ended June 30, 2025 vs. 2024

Segment net sales. The decrease of $69.6 million in 2025 was driven by a volume decline of $78.6 million (24 percent), as a result of a decrease in industrial specialties ($64.1 million) and road technologies ($14.5 million). This was partially offset by favorable pricing and sales mix of $