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

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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ITEM 1. FINANCIAL STATEMENTS

INGEVITY CORPORATION

Condensed Consolidated Statements of Operations (Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,In millions, except per share data2025202420252024Net sales$333.1 $333.8 $912.5 $936.8 Cost of sales199.2 202.2 538.8 571.9 Gross profit133.9 131.6 373.7 364.9 Selling, general, and administrative expenses44.1 37.9 129.6 119.5 Research and technical expenses7.0 6.2 21.0 18.0 Restructuring and other (income) charges, net1.0 3.3 10.1 8.3 Goodwill impairment charge— — 183.8 306.6 Acquisition-related costs— (0.1)— — Other (income) expense, net1.2 6.5 9.5 7.8 Interest expense, net18.4 23.8 56.4 69.3 Income (loss) from continuing operations before income taxes62.2 54.0 (36.7)(164.6)Provision (benefit) for income taxes on continuing operations21.4 6.5 34.8 (23.6)Net income (loss) from continuing operations40.8 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)Per share dataBasic earnings (loss) per share from continuing operations$1.12 $1.31 $(1.97)$(3.88)Basic earnings (loss) per share from discontinued operations0.08 (4.26)(0.30)(8.43)Basic earnings (loss) per share$1.20 $(2.95)$(2.27)$(12.31)Diluted earnings (loss) per share from continuing operations$1.10 $1.30 $(1.97)$(3.88)D