Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 57

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 47.5 (71.5)(141.0)Income (loss) from discontinued operations, net of income taxes2.7 (154.7)(11.0)(305.9)Net income (loss)$43.5 $(107.2)$(82.5)$(446.9)

Q3 2025 Performance Summary

Net sales were flat to the prior year. Increased Net sales in the Performance Chemicals reportable segment's road technologies product line and Performance Materials reportable segment was offset by lower volumes in Advanced Polymer Technologies due to the indirect impact of tariffs.

Net sales

The table below shows the 2025 Net sales and variances from 2024:Change vs. prior yearIn millionsPrior year Net salesVolumePrice/MixCurrency effectCurrent year Net salesThree months ended September 30, 2025 vs. 2024$333.8 (1.4)(0.3)1.0 $333.1 Nine months ended September 30, 2025 vs. 2024$936.8 (37.3)11.9 1.1 $912.5 

Three Months Ended September 30, 2025 vs 2024

The Net sales decrease of $0.7 million in 2025 was driven by a volume decline of $1.4 million (zero percent) and unfavorable pricing and sales mix of $0.3 million (zero percent). This decline was partially offset by favorable foreign currency exchange of $1.0 million (zero percent).

Nine Months Ended September 30, 2025 vs. 2024

The Net sales decrease of $24.3 million in 2025 was driven by a volume decline of $37.3 million (four percent). This decline was partially offset by favorable pricing and sales mix of $11.9 million (one percent) and favorable foreign currency exchange of $1.1 million (zero percent).

37

Gross Profit 

Three Months Ended September 30, 2025 vs. 2024

Gross profit increase of $2.3 million was driven primarily by decreased manufacturing costs of $5.4 million, favorable foreign currency exchange of $2.8 million, favorable pricing and sales mix of $0.5 million, and favorable sales volume of $0.2 million. This increase was partially offset by LIFO charges of $6.6 million. 

Nine Months Ended September 30, 2025