Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 1258

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 1258
---
 Notes 4 and 19, to the Consolidated Financial Statements included within Part II. Item 8 of this Form 10-K.

Performance MaterialsPerformance ChemicalsAdvanced Polymer TechnologiesProduct LinesRoad TechnologiesIndustrial SpecialtiesEnd-Use MarketsAutomotivePurification: Food, Chemicals, and WaterPavement ConstructionPavement PreservationPavement Reconstruction and Recycling Pavement MarkingsAgricultural ChemicalsLubricantsRubberIndustrial Intermediates AdhesivesOilfieldAutomotive & TransportationIndustrial EquipmentFootwear & ApparelBioplasticsConsumer PackagingMedical & Health2024 Revenue$609.6 million$608.2 million$188.6 million

Seasonality

There are a variety of seasonal dynamics, including global climate and weather conditions, that impact our businesses, though none have currently materially affected our financial results, except in the case of the road technologies product line, where roughly 70 to 75 percent of revenue is generated between April and September. From a supply perspective, this seasonality is effectively managed through pre-season inventory build and active inventory management throughout the year.

Energy

Our manufacturing processes require a significant amount of energy. We are dependent on natural gas to fuel the processes in our chemical refineries and activated carbon plants. Although we believe that we currently have a stable natural 

4

gas supply and infrastructure for our operations, we are subject to volatility in the market price of natural gas. We enter into certain derivative financial instruments to mitigate expected fluctuations in market prices and the resulting volatility of earnings and cash flow. All of our manufacturing processes also consume a significant amount of electricity and are located in regulated service areas that have stable electricity rate structures with reliable supply. 

Leveraging Sustainability

Throughout our Performance Materials, Performance Chemicals, and Advanced Polymer Technologies reportable segments, we are a leader in adding value to products made from renewable materials and in derivatizing technologies that impart desirable environmental benefits in their use. To create a majority of our chemistries, we take CTO from pine trees, hardwood sawdust (both co-products of the lumber, paper, and furniture-making industries), and plant based oils and convert them into products that benefit customers, the environment, and society. For the caprolactone-based products in our Advanced Polymer Technologies segment – although derived from non-oleo feedstocks – these products provide solutions that enable performance attributes in end-use markets that directly help customers and consumers meet sustainability goals. 

Put simply: Ingevity’s products help customers reduce their ecological impact.