Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 168

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 168
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 $108.4 $302.8 $296.7 Net income (loss) from discontinued operations (GAAP)$2.7 $(154.7)$(11.0)$(305.9)Provision (benefit) for income taxes on discontinued operations(1.0)(37.2)(4.3)(73.9)Interest expense, net— — — — Depreciation and amortization0.3 1.0 1.1 8.1 Restructuring and other (income) charges, net (8)8.8 83.6 33.9 154.5 Goodwill impairment charge (8)— — — 42.5 Acquisition and other-related (income) costs (8)— — — — Loss on CTO resales (8)— 0.8 — 50.8 CTO supply contract termination charges (8)— 100.0 — 100.0 (Gain) loss on strategic investments (8)— 4.5 — 9.3 Adjusted EBITDA from discontinued operations (Non-GAAP)$10.8 $(2.0)$19.7 $(14.6)Total Adjusted EBITDA (Non-GAAP)$121.2 $106.4 $322.5 $282.1 

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(1) Refer to Note 14 for more information.

(2) We regularly perform strategic reviews and assess the return on our operations, which sometimes results in a plan to restructure the business. These costs are excluded from our reportable segment results and for the purposes of calculating our non-GAAP financial performance measures. Refer to Note 11 for more information.

(3) Refer to Note 7 for more information. 

(4) Charges represent costs incurred to complete and integrate acquisitions and other strategic investments, and include the expensing of the inventory fair value step-up resulting from the application of purchase accounting for acquisitions, and certain legal and professional fees associated with the completion of acquisitions and strategic investments.

(5) We exclude gains and losses from strategic investments from our segment results, as well as our non-GAAP financial measures, because we do not consider such gains or losses to be directly associated with the operational performance of the segment. We believe that the inclusion of such gains or losses, would impair the factors and trends affecting the historical financial performance of our report