Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 82

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 with information to better assess the differences between the effective tax rate and the statutory tax rate across multiple jurisdictions, enabling them to understand tax implications around operational opportunities and potential future cash flows. The guidance is effective beginning with our 2025 fiscal year Form 10-K. We are currently evaluating the potential impact of adopting this new guidance on our Consolidated Financial Statements and related disclosures.In November 2024, the FASB issued ASU 2024-03, "Disaggregation of Income Statement Expenses," which is intended to enhance disclosures regarding significant expenses. The purpose of the amendment is to provide readers of the financial statements with information to better understand an entity's overall performance, assess potential future cash flows, and compare an entity's performance over time and with that of other entities. The guidance is effective beginning with our 2027 fiscal year Form 10-K. We are currently evaluating the potential impact of adopting this new guidance on our Consolidated Financial Statements and related disclosures.

Note 3: Net Sales

Disaggregation of Net SalesThe following table presents our Net sales disaggregated by reportable segment and product line.  Three Months Ended September 30,Nine Months Ended September 30,In millions2025202420252024Performance Materials segment$155.0 $151.1 $455.7 $453.4 Performance Chemicals segment (1)139.9 133.9 333.1 338.7 Advanced Polymer Technologies segment38.2 48.8 123.7 144.7 Net sales$333.1 $333.8 $912.5 $936.8 _______________(1) The Performance Chemicals reportable segment primarily represents the previously reported road technologies product line subsequent to the Divestiture being reclassified to discontinued operations. Refer to Note 16 for more information. The following table presents our Net sales disaggregated by geography, based on the delivery address of our customer.Three Months Ended September 30,Nine Months Ended September 30,In millions2025202420252024North America (1)$205.1 $191.8 $534.4 $524.7 Asia Pacific (1)73.3 82.2 216.6 233.7 Europe, Middle East, and Africa41.4 42.9 126.8 138.9 South America13.3 16.9 34.7 39.5 Net sales