Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 155

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 155
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 material costs, primarily CTO. 

Three Months Ended June 30,Six Months Ended June 30,In millions2025202420252024Total Performance Chemicals - Net sales$167.9 $185.5 $262.9 $332.5 Road Technologies product line119.5 129.1 163.8 174.8 Industrial Specialties product line48.4 56.4 99.1 157.7 Segment EBITDA$32.0 $9.3 $31.7 $(1.3)

Net Sales Comparison of Three and Six Months Ended June 30, 2025 and June 30, 2024:Change vs. prior yearIn millionsPrior year Net salesVolumePrice/MixCurrency effectCurrent year Net salesThree months ended June 30, 2025 vs. 2024$185.5 (26.4)8.2 0.6 $167.9 Road Technologies product line129.1 (12.2)2.5 0.1 119.5 Industrial Specialties product line56.4 (14.2)5.7 0.5 48.4 Six months ended June 30, 2025 vs. 2024$332.5 (78.6)8.4 0.6 $262.9 Road Technologies product line174.8 (14.5)3.4 0.1 163.8 Industrial Specialties product line157.7 (64.1)5.0 0.5 99.1 

Three Months Ended June 30, 2025 vs. 2024

Segment net sales. The decrease of $17.6 million in 2025 was driven by a volume decline of $26.4 million (14 percent), as a result of a decrease in industrial specialties ($14.2 million) and road technologies ($12.2 million). This was partially offset by favorable pricing and sales mix of $8.2 million (four percent), attributable to an increase in industrial specialties ($5.7 million) and road technologies ($2.5 million). Net sales was also impacted by favorable foreign currency exchange of $0.6 million (zero percent). 

Segment EBITDA. The increase of $22.7 million in 2025 was driven by lower manufacturing costs of $13.9 million,