Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 18

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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ensed Consolidated Financial Statements and related disclosures.In November 2024, the FASB issued ASU 2024-03, “Disaggregation of Income Statement Expenses,” which is intended to enhance disclosures regarding significant expenses. The purpose of the amendment is to provide readers of the financial statements with information to better understand an entity’s overall performance, assess potential future cash flows, and compare an entity's performance over time and with that of other entities. The guidance is effective beginning with our 

7

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

2027 fiscal year Form 10-K. We are currently evaluating the potential impact of adopting this new guidance on our Condensed Consolidated Financial Statements and related disclosures.

Note 3: Net Sales

Disaggregation of Net SalesThe following table presents our Net sales disaggregated by reportable segment and product line.  Three Months Ended June 30,Six Months Ended June 30,In millions2025202420252024Performance Materials segment$153.9 $157.2 $300.7 $302.3 Road Technologies product line119.5 129.1 163.8 174.8 Industrial Specialties product line (1)48.4 56.4 99.1 157.7 Performance Chemicals segment$167.9 $185.5 $262.9 $332.5 Advanced Polymer Technologies segment$43.3 $47.9 $85.5 $95.9 Net sales$365.1 $390.6 $649.1 $730.7 _______________(1) The reduction in the industrial specialties product line from 2024 to 2025 was due to the repositioning actions taken to improve the Performance Chemicals reportable segment, refer to Note 11 for more information. The following table presents our Net sales disaggregated by geography, based on the delivery address of our customer.Three Months Ended June 30,Six Months Ended June 30,In millions2025202420252024North America (1)$228.4 $235.6 $386.6 $438.3 Asia Pacific (1)78.2 86.7 150.5 165.1 Europe, Middle East, and Africa46.8 55.3 90.4 103.6 South America11