Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 12

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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ITEM 1. FINANCIAL STATEMENTS

INGEVITY CORPORATION

Condensed Consolidated Statements of Operations (Unaudited)

Three Months Ended June 30,Six Months Ended June 30,In millions, except per share data2025202420252024Net sales$365.1 $390.6 $649.1 $730.7 Cost of sales227.2 267.4 397.8 507.8 Gross profit137.9 123.2 251.3 222.9 Selling, general, and administrative expenses44.2 41.4 87.3 88.6 Research and technical expenses7.8 7.3 15.5 14.1 Restructuring and other (income) charges, net21.9 13.1 34.2 75.9 Goodwill impairment charge183.8 349.1 183.8 349.1 Acquisition-related costs— (0.2)— 0.1 Other (income) expense, net4.3 23.9 8.4 56.1 Interest expense, net18.6 23.2 38.0 45.5 Income (loss) before income taxes(142.7)(334.6)(115.9)(406.5)Provision (benefit) for income taxes3.8 (50.9)10.1 (66.8)Net income (loss)$(146.5)$(283.7)$(126.0)$(339.7)Per share dataBasic earnings (loss) per share $(4.02)$(7.81)$(3.46)$(9.36)Diluted earnings (loss) per share (4.02)(7.81)(3.46)(9.36)

The accompanying notes are an integral part of these financial statements.

3

INGEVITY CORPORATION

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

Three Months Ended June 30,Six Months Ended June 30,In millions2025202420252024Net income (loss)$(146.5)$(283.7)$(126.0)$(339.7)Other comprehensive income (loss), net of tax:Foreign currency adjustments:Foreign currency translation adjustment 29.5 (2.6)46.7 (11