Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 110

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 110
---
2024Performance Materials$— $0.6 $— $0.7 Performance Chemicals0.2 1.2 1.4 3.7 Advanced Polymer Technologies0.1 0.2 6.6 0.1 Indirect costs allocated to Divestiture 0.7 1.3 2.1 3.8 Restructuring and other (income) charges, net$1.0 $3.3 $10.1 $8.3 (4) For the nine months ended September 30, 2025, charge relates to the Advanced Polymer Technologies reportable segment. For the nine months ended September 30, 2024, charge relates to the Performance Chemicals reportable segment. Refer to note 7 for more information. (5) Charges represent income (losses) incurred to complete and integrate acquisitions and other strategic investments. Charges may include the expensing of the inventory fair value step-up resulting from the application of purchase accounting for acquisitions and certain legal and professional fees associated with the completion of acquisitions and strategic investments. For the three months ended September 30, 2024, charges relate to the Performance Chemicals reportable segment.(6) We exclude gains and losses from strategic investments from our segment results, as well as our non-GAAP financial measures, because we do not consider such gains or losses to be directly associated with the operational performance of the segment. We believe that the inclusion of such gains or losses would impair the factors and trends affecting the historical financial performance of our reportable segments. We continue to include undistributed earnings or loss, distributions, amortization or accretion of basis differences, and other-

28

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

than-temporary impairments for equity method investments that we believe are directly attributable to the operational performance of such investments, in our reportable segment results. Refer to Note 4, under the section: Strategic Investments, for more information.Three Months Ended September 30,Nine Months Ended September 30,In millions2025202420252024Performance Materials$— $— $— $(0.1)Performance Chemicals— — — — Advanced Polymer Technologies— 2.2 2.5 2.2 (Gain) loss on strategic investments$— $2.2 $2.