Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 540

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 540
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DA margins, and discount rate. Evaluating management’s significant assumptions related to the forecast of forecasted revenue growth rates and forecasted EBITDA margins involved evaluating whether the significant assumptions used by management were reasonable considering (i) the current and past performance of the Advanced Polymer Technologies reporting unit; (ii) the consistency with external market data; and (iii) whether these significant assumptions were consistent with evidence obtained in other areas of the audit. Professionals with specialized skill and knowledge were used to assist in evaluating (i) the appropriateness of the Company’s discounted cash flow model and (ii) the reasonableness of the discount rate.

/s/ PricewaterhouseCoopers LLP

Charlotte, North Carolina

February 19, 2025 

We have served as the Company’s auditor since 2015. 

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INGEVITY CORPORATION

Consolidated Statements of OperationsYears Ended December 31,In millions, except per share data202420232022Net sales$1,406.4 $1,692.1 $1,668.3 Cost of sales951.7 1,220.2 1,098.2 Gross profit454.7 471.9 570.1 Selling, general, and administrative expenses166.7 183.7 198.8 Research and technical expenses28.1 31.8 30.3 Restructuring and other (income) charges, net186.2 170.2 13.8 Goodwill impairment charge349.1 — — Acquisition-related costs0.3 3.6 5.0 Other (income) expense, net169.8 5.7 (1.7)Interest expense97.8 93.3 61.8 Interest income(7.7)(6.3)(7.5)Income (loss) before income taxes(535.6)(10.1)269.6 Provision (benefit) for income taxes(105.3)(4.7)58.0 Net income (loss)$(430.3)$(5.4)$211.6 Per share dataBasic earnings (loss) per share$(11.85)$(0.15)$5.54 Diluted earnings (loss) per share(11.85)(0.15)5.50 

The accompanying notes are an integral part of these financial statements.

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