Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 130

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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 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 — 100.0 (Gain) loss on strategic investments (6)— 4.5 — 9.3 Inventory charges (7)— 3.8 — 6.3 Indirect costs allocated to Divestiture (8)(4.2)(6.3)(11.7)(18.5)EBITDA from discontinued operations (Non-GAAP) (1)(9)$6.6 $(4.5)$8.0 $(26.8)

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(1) EBITDA from discontinued operations is defined as net sales from discontinued operations less operating expenses from discontinued operations (operating expenses from discontinued operations consist of costs of sales, selling, general and administrative expenses, research and technical expenses, other (income) expense, net, excluding depreciation and amortization). We have excluded the following items from EBITDA from discontinued operations: income taxes, depreciation, amortization,