Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 43

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 within twelve months of the balance sheet date and, as a result, have reclassified the full amount of the verdict and post-judgment interest accrued to "Current liabilities." As of June 30, 2025 and December 31, 2024, the total amount accrued, inclusive of post-judgement interest, was $93.4 million and $91.4 million, respectively. The amount of any liability we may ultimately incur could be more or less than the amount accrued. 

23

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

Note 14: Segment Information

Ingevity’s reportable segments are (i) Performance Materials ("PM"), (ii) Performance Chemicals ("PC"), and (iii) Advanced Polymer Technologies ("APT"). Our reportable segments were determined based upon the nature of the products produced, the nature of the production process, the type of customer for the products, the similarity of economic characteristics, and the manner in which management reviews results. Segment EBITDA is the primary measure used by the chief operating decision maker ("CODM"), the CEO and President of Ingevity, to evaluate the performance of and allocate resources among our reportable segments. The CODM utilizes Segment EBITDA for each reportable segment in the annual budgeting and forecasting process. Segment EBITDA enables the CODM to compare each business and make informed and consistent resource allocation decisions.Three Months Ended June 30,Six Months Ended June 30,In millions2025202420252024Segment EBITDA (1)(2)Performance Materials$77.1 $82.2 $156.2 $160.2 Performance Chemicals32.0 9.3 31.7 (1.3)Advanced Polymer Technologies0.9 9.8 13.4 19.3 Total Segment EBITDA (1)(2)$110.0 $101.3 $201.3 $178.2 Interest expense, net(18.6)(23.2)(38.0)(45.5)(Provision) benefit for income taxes(3.8)50.9 (10.1)66.8 Depreciation and amortization(25.6)(27.3)(50.5)(56.9)Restructuring and other income (charges), net (3)(21.9)(13.