Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 104

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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 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)(13.1)(34.2)(75.9)Goodwill impairment charge (4)(183.8)(349.1)(183.8)(349.1)Acquisition and other-related income (costs), net (5)— 0.2 — (0.1)Inventory charges (6)— — — (2.5)Loss on CTO resales (7)— (23.5)— (50.0)Gain (loss) on strategic investments (8)(2.5)0.1 (2.5)(4.7)Proxy contest charges (9)(0.3)— (8.2)— Net income (loss) $(146.5)$(283.7)$(126.0)$(339.7)_______________(1) Segment EBITDA is defined as segment net sales less segment operating expenses (segment operating expenses 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 segment EBITDA: interest expense associated with corporate debt facilities, interest income, income taxes, depreciation, amortization, restructuring and other income (charges), net, inventory lower of cost or market charges associated with restructuring actions, goodwill impairment charges, acquisition and other-related income (costs), gain (