Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 190

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 5
Chunk 190
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 and other (income) charges, net, acquisition and other-related (income) costs, goodwill impairment charge, litigation verdict charges, (loss) gain on strategic investments, loss on CTO resales, CTO supply contract termination charges, and pension and postretirement settlement and curtailment (income) charges, net.

This non-GAAP measure is not intended to replace the presentation of financial results in accordance with GAAP and investors should consider the limitations associated with these non-GAAP measures, including the potential lack of comparability of these measures from one company to another. A reconciliation of Adjusted EBITDA to net income is set forth within this section.

Reconciliation of Net Income (Loss) to Adjusted EBITDAYears Ended December 31,In millions202420232022Net income (loss) (GAAP)$(430.3)$(5.4)$211.6 Interest expense97.8 93.3 61.8 Interest income(7.7)(6.3)(7.5)Provision (benefit) for income taxes(105.3)(4.7)58.0 Depreciation and amortization (1)108.3 122.8 108.8 Restructuring and other (income) charges, net (2)186.2 170.2 13.8 Goodwill impairment charge (3)349.1 — — Acquisition and other-related costs (4)0.3 4.5 5.9 Loss on CTO resales (5)52.7 22.0 — CTO supply contract termination charges (6)100.0 — — (Gain) loss on strategic investments (7)11.4 (19.3)— Pension and postretirement settlement and curtailment charges (income), net (8)0.2 — 0.2 Adjusted EBITDA (Non-GAAP)$362.7 $377.1 $452.6 

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(1) Refer to Note 19 for more information. 

(2) We regularly perform strategic reviews and assess the return on our operations, which sometimes results in a plan to restructure the business. These costs are excluded from our reportable segment results and for the purposes of calculating our non-GAAP financial performance measures. Refer to Note 15 for more information on the charges. 

(3) Refer to Note