Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 47

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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ix Months Ended June 30,In millions2025202420252024Performance Materials$— $(0.1)$— $(0.1)Performance Chemicals— — — 4.8 Advanced Polymer Technologies2.5 — 2.5 — (Gain) loss on strategic investments$2.5 $(0.1)$2.5 $4.7 (9) Charges represent legal and other professional service fees as well as incremental proxy solicitation costs related to a proxy contest. Depreciation and amortizationThree Months Ended June 30,Six Months Ended June 30,In millions2025202420252024Performance Materials$9.9 $9.7 $19.8 $19.3 Performance Chemicals7.4 10.1 14.7 22.5 Advanced Polymer Technologies8.3 7.5 16.0 15.1 Total depreciation and amortization$25.6 $27.3 $50.5 $56.9 Capital expendituresThree Months Ended June 30,Six Months Ended June 30,In millions2025202420252024Performance Materials$6.9 $9.3 $12.0 $16.6 Performance Chemicals1.6 5.7 2.8 11.9 Advanced Polymer Technologies3.7 3.1 7.4 6.2 Total capital expenditures$12.2 $18.1 $22.2 $34.7 

26

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

Total assets In millionsJune 30, 2025December 31, 2024Performance Materials$853.2 $824.3 Performance Chemicals 558.2 567.1 Advanced Polymer Technologies (1)406.2 568.2 Total segment assets (2)$1,817.6 $1,959.6 Corporate and other60.1 63.0 Total assets$1,877.7 $2,022.6 _______________(1) The decline in the Advanced Polymer Technologies reportable segment in 2025, as compared to 2024, was driven by the Goodwill impairment charge. Refer to note 7 for more information.(2) Segment assets exclude assets not