Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 939

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 6
Chunk 939
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 Net sales$608.2 $902.1 $875.1 Road Technologies product line342.3 369.8 241.3 Industrial Specialties product line265.9 532.3 633.8 Segment EBITDA$14.7 $65.7 $160.4 

Net Sales Comparison of Years Ended December 31, 2024, 2023, and 2022

Change vs. prior yearIn millions Prior year Net salesVolumePrice/MixCurrency effectCurrent year Net salesYear Ended December 31, 2024 vs 2023$902.1 (293.2)0.5 (1.2)$608.2 Road Technologies product line369.8 (30.8)3.7 (0.4)342.3 Industrial Specialties product line532.3 (262.4)(3.2)(0.8)265.9 Year Ended December 31, 2023 vs 2022$875.1 (65.3)93.1 (0.8)$902.1 Road Technologies product line241.3 98.4 30.4 (0.3)369.8 Industrial Specialties product line633.8 (163.7)62.7 (0.5)532.3 

Year Ended December 31, 2024 vs. 2023

Segment net sales. The decrease of $293.9 million in 2024 was driven by a volume decrease of $293.2 million (33 percent), as a result of a decrease in industrial specialties ($262.4 million) and road technologies ($30.8 million), and unfavorable foreign currency exchange of $1.2 million (zero percent). The decrease was partially offset by favorable pricing 

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and sales mix of $0.5 million (zero percent), comprised of road technologies ($3.7 million), offset by industrial specialties ($3.2 million).

Segment EBITDA. The decrease of $51.0 million in 2024 was driven by a volume decrease of $45.0 million, higher manufacturing costs of $21.4 million, primarily due to higher cost CTO, and unfavorable foreign currency exchange and other charges of $5.1 million. The decrease was partially offset by favorable pricing and sales mix of $0.5 million and lower SG&A expenses of $20.0