Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 60

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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8 — 4.8 Proxy contest charges (2)— — 8.2 — Portfolio review expenses (2)1.1 — 1.1 — Other (income) expense, net(0.1)(1.5)(1.0)(2.2)Total Other (income) expense, net$1.2 $6.5 $9.5 $7.8 _______________

(1) See Note 4 for more information.

(2) See Note 14 for more information.

39

Interest expense, net

Three and Nine Months Ended September 30, 2025 vs. 2024

Three Months Ended September 30,Nine Months Ended September 30,In millions2025202420252024Accounts receivable securitization (1)$1.3 $1.7 $3.1 $4.5 Finance lease obligations (1)1.8 1.8 5.4 5.4 Interest rate swap (2)(0.2)(0.4)(0.7)(0.4)Litigation related interest expense (3)1.4 1.3 3.9 3.9 Revolving Credit Facility and other lines of credit (1)9.5 14.5 31.2 41.7 Senior notes (1)5.6 5.6 16.8 16.8 Other interest (income) expense, net(1.0)(0.7)(3.3)(2.6)Total Interest expense, net$18.4 $23.8 $56.4 $69.3 

_______________

(1) See Note 9 for more information.

(2) See Note 8 for more information.

(3) See Note 13 for more information. 

Provision (benefit) for income taxes on continuing operations

Three and Nine Months Ended September 30, 2025 vs. 2024

For the three months ended September 30, 2025 and 2024, our effective tax rate was 34.4 percent and 12.0 percent, respectively. Excluding discrete items, the effective rate was 31.6 percent compared to 24.9 percent in the three months ended September 30, 2025 and 2024, respectively. See Note 12 for more information