Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 65

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 decline of $10.5 million (22 percent) and unfavorable pricing and sales mix of $1.1 million (two percent). The decrease was partially offset by favorable foreign currency exchange of $1.0 million (two percent).

Segment EBITDA. The increase of $0.1 million in 2025 was driven by decreased manufacturing costs of $3.7 million, and favorable foreign currency exchange and other charges of $2.8 million. The increase was partially offset by a volume decline of $3.9 million, unfavorable pricing and sales mix of $1.6 million, and increased SG&A of $0.9 million.

Nine Months Ended September 30, 2025 vs. 2024

Segment net sales. The decrease of $21.0 million in 2025 was driven by a volume decline of $19.2 million (13 percent) and unfavorable pricing and sales mix of $3.1 million (two percent). The decrease was partially offset by favorable foreign currency exchange of $1.3 million (one percent).

Segment EBITDA. The decrease of $5.8 million in 2025 was driven by a volume decline of $7.2 million, unfavorable pricing and sales mix of $3.6 million, and increased SG&A of $2.1 million. The decrease was partially offset by decreased manufacturing costs of $4.8 million and favorable foreign currency exchange and other charges of $2.3 million. 

43

Discontinued Operations

Reconciliation of Net Income (Loss) from discontinued operations to EBITDA from discontinued operations (Non-GAAP)Three Months Ended September 30,Nine Months Ended September 30,In millions2025202420252024Net income (loss) from discontinued operations (GAAP)$2.7 $(154.7)$(11.0)$(305.9)Provision (benefit) for income taxes on discontinued operations(1.0)(37.2)(4.3)(73.9)Depreciation and amortization0.3 1.0 1.1 8.1 Restructuring and other (income) charges, net (2)8.8 83.6 33.9 154.5 Goodwill impairment charge (3)— — — 42.5 Loss on CTO resales (4)— 0.8 — 50.8 CTO supply contract termination charges (5)— 100.0