Company: NGVT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001653477-25-000091
Chunk: 91

Company: Ingevity Corp
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 91
---
 In millionsMarch 31, 2025December 31, 2024Performance Materials$850.9 $824.3 Performance Chemicals 556.2 567.1 Advanced Polymer Technologies 587.7 568.2 Total segment assets (1)$1,994.8 $1,959.6 Corporate and other61.3 63.0 Total assets$2,056.1 $2,022.6 _______________(1) Segment assets exclude assets not specifically managed as part of one specific segment herein referred to as "Corporate and other."

Note 15: Earnings (Loss) per Share

Three Months Ended March 31,In millions (except share and per share data)20252024Net income (loss) $20.5 $(56.0)Basic and Diluted earnings (loss) per shareBasic earnings (loss) per share $0.56 $(1.54)Diluted earnings (loss) per share 0.56 (1.54)Shares (in thousands)Weighted average number of common shares outstanding - Basic36,382 36,264 Weighted average additional shares assuming conversion of potential common shares281 — Shares - diluted basis (1)36,663 36,264 _______________(1) For the three months ended March 31, 2024, all potentially dilutive common shares were excluded from the calculation of diluted earnings (loss) per share as we had a net loss for the period. 

25

INGEVITY CORPORATIONNotes to the Condensed Consolidated Financial StatementsMarch 31, 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 March 31,In thousands20252024Average number of potential common shares - antidilutive275 304 

26

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Introduction

Management’s discussion and analysis of Ingevity Corporation's (“Ingevity,” “the company,” “we,” “us,” or “our”) financial condition and results of operations (“MD&A”) is provided as a supplement to the Condensed Consolidated Financial Statements and related notes included elsewhere herein to help provide an understanding of our financial condition, changes in financial condition and results of our operations. The following discussion should be