Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 44

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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1)(34.2)(75.9)Goodwill impairment charge (4)(183.8)(349.1)(183.8)(349.1)Acquisition and other-related income (costs), net (5)— 0.2 — (0.1)Inventory charges (6)— — — (2.5)Loss on CTO resales (7)— (23.5)— (50.0)Gain (loss) on strategic investments (8)(2.5)0.1 (2.5)(4.7)Proxy contest charges (9)(0.3)— (8.2)— Net income (loss) $(146.5)$(283.7)$(126.0)$(339.7)_______________(1) Segment EBITDA is defined as segment net sales less segment operating expenses (segment operating expenses consist of costs of sales, selling, general and administrative expenses, research and technical expenses, other (income) expense, net, excluding depreciation and amortization). We have excluded the following items from segment EBITDA: interest expense associated with corporate debt facilities, interest income, income taxes, depreciation, amortization, restructuring and other income (charges), net, inventory lower of cost or market charges associated with restructuring actions, goodwill impairment charges, acquisition and other-related income (costs), gain (loss) on sale of strategic investments, loss on CTO resales, CTO supply contract termination charges, proxy contest charges, and pension and postretirement settlement and curtailment income (charges), net.

24

INGEVITY CORPORATIONNotes to the Condensed Consolidated Financial StatementsJune 30, 2025(Unaudited)

(2) Segment expenses included within the primary measure used by our CODM are included within the below table.Three Months Ended June 30,20252024In millions, except per share dataPMPCAPTPMPCAPTNet sales (i)$153.9 $167.9 $43.3 $157.2 $185.5 $47.9 Less:Cost of sales (ii) (iii)58.8 117.2 35.7 61.4 156.2 32.4 Selling, general, and administrative expenses (ii) (iv) 16.3 18.8 6.8 13.4 19.8 5.6 Other (income