Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 103

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 103
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 may be impacted by changes in tax rates or laws, the finalization of tax audits and reviews, as well as other factors. As such, there may be significant volatility in interim tax provisions.The below table provides a reconciliation between our reported effective tax rates and the EAETR of our continuing operations.Three Months Ended September 30,20252024In millions, except percentagesBefore taxTaxEffective tax rate % impactBefore taxTaxEffective tax rate % impactContinuing operations$62.2 $21.4 34.4 %$54.0 $6.5 12.0 %Discrete items:Restructuring and other (income) charges, net (1)1.0 0.3 2.0 0.5 (Gain) loss on strategic investments (2)— — 2.2 0.5 Other tax only discrete items— (1.7)— 7.0 Total discrete items1.0 (1.4)4.2 8.0 Continuing operations, before discrete items$63.2 $20.0 $58.2 $14.5 EAETR (5)31.6 %24.9 %Nine Months Ended September 30,20252024In millions, except percentagesBefore taxTaxEffective tax rate % impactBefore taxTaxEffective tax rate % impactContinuing operations$(36.7)$34.8 (94.8)%$(164.6)$(23.6)14.3 %Discrete items:Restructuring and other (income) charges, net (1)10.1 2.5 3.4 0.8 (Gain) loss on strategic investments (2)2.5 0.6 2.1 0.5 Goodwill impairment (3)183.8 5.1 306.6 50.1 Proxy contest charges (4)8.2 1.9 — — Other tax only discrete items— (2.2)— 5.7 Total discrete items204.6 7.9 312.1 57.1 Continuing operations, before discrete items$167.9 $42.7 $147.5 $33.5 EAETR (5)25.4 %22.7 %_______________(1) See Note 11 for further