Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 64

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 charges of $6.4 million, and increased SG&A of $3.2 million.

Nine Months Ended September 30, 2025 vs. 2024

Segment net sales. The decrease of $5.6 million in 2025 was driven by a volume decline of $17.0 million (five percent), and unfavorable foreign currency exchange of $0.2 million (zero percent). This was partially offset by favorable pricing and sales mix of $11.6 million (three percent).

Segment EBITDA. The increase of $9.8 million in 2025 was driven by decreased manufacturing costs of $20.9 million, favorable pricing and sales mix of $11.7 million, and favorable foreign currency exchange and other charges of $3.1 million. The increase was partially offset by LIFO charges of $13.7 million, a volume decline of $6.6 million, and increased SG&A of $5.6 million.

42

Advanced Polymer Technologies

Q3 2025 Performance Summary

Advanced Polymer Technologies Net sales decreased 22 percent compared to the prior year quarter reflecting continued pressure from indirect tariff impacts that depressed demand in customers’ end markets, continued weak industrial demand, and increased competition in China. Segment EBITDA increased by one percent, driven by lower raw material costs, improved operational efficiencies, and favorable foreign currency exchange.

In millionsThree Months Ended September 30,Nine Months Ended September 30,2025202420252024Total Advanced Polymer Technologies - Net sales$38.2 $48.8 $123.7 $144.7 Segment EBITDA$9.9 $9.8 $23.3 $29.1 

Net Sales Comparison of Three and Nine Months Ended September 30, 2025 and September 30, 2024:Change vs. prior yearIn millionsPrior year Net salesVolumePrice/MixCurrency effectCurrent year Net salesThree months ended September 30, 2025 vs. 2024$48.8 (10.5)(1.1)1.0 $38.2 Nine months ended September 30, 2025 vs. 2024$144.7 (19.2)(3.1)1.3 $123.7 

Three Months Ended September 30, 2025 vs. 2024

Segment net sales. The decrease of $10.6 million in 2025 was driven by a volume