Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 48

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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Basic earnings (loss) per share from discontinued operations0.08 (4.26)(0.30)(8.43)Basic earnings (loss) per share (1)$1.20 $(2.95)$(2.27)$(12.31)Diluted earnings (loss) per share from continuing operations$1.10 $1.30 $(1.97)$(3.88)Diluted earnings (loss) per share from discontinued operations0.08 (4.24)(0.30)(8.43)Diluted earnings (loss) per share (1)$1.18 $(2.94)$(2.27)$(12.31)Shares (in thousands)Weighted average number of common shares outstanding - Basic36,309 36,345 36,384 36,315 Weighted average additional shares assuming conversion of potential common shares646 148 — — Shares - diluted basis (2)36,955 36,493 36,384 36,315 _______________(1) Earnings per share amounts shown for three months ended September 30, 2025 and September 30, 2024, may not precisely recalculate due to rounding.(2) For the nine months ended September 30, 2025 and September 30, 2024, all potentially dilutive common shares were excluded from the calculation of diluted earnings (loss) per share as we had a net loss from continuing operations for the period. 

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

The following average number of potential common shares were antidilutive, and therefore, were not included in the diluted earnings per share calculation:Three Months Ended September 30,Nine Months Ended September 30,In thousands2025202420252024Average number of potential common shares - antidilutive171 250 295 250 

Note 16: Discontinued Operations

Industrial Specialties DivestitureThe Divestiture, as defined in Note 1, is expected to close by early Q1 2026. The Company has determined that the industrial specialties product line and CTO Refinery included within the Divestiture meet the criteria to be classified as held for sale and that the sale represents a strategic shift that will have a major effect on Ingevity's operations and results. As such, the results of operations of