Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 156

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 156
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 three months ended September 30, 2025 and 2024, respectively. Overall, Research and technical expenses increased by $0.8 million, compared to the prior year quarter, primarily driven by an increase within our Performance Materials reportable segment. 

Nine Months Ended September 30, 2025 vs. 2024 

Research and technical expenses as a percentage of Net sales was 2.3 percent and 1.9 percent for the nine months ended September 30, 2025 and 2024, respectively. Research and technical expenses as a percentage of Net sales increased due to lower sales. Overall, Research and technical expenses increased by $3.0 million, compared to the prior year, primarily driven by an increase within our Performance Materials reportable segment. 

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Restructuring and other (income) charges, net

Three and Nine Months Ended September 30, 2025 vs. 2024 

Three Months Ended September 30,Nine Months Ended September 30,In millions2025202420252024Work force reductions and other $0.3 $— $8.0 $— Performance Chemicals repositioning0.7 2.0 2.1 3.4 Restructuring charges$1.0 $2.0 $10.1 $3.4 North Charleston plant transition— 1.3 — 4.9 Other (income) charges, net$— $1.3 $— $4.9 Restructuring and other (income) charges, net (1)$1.0 $3.3 $10.1 $8.3 _______________(1) See Note 11 for more information. 

Goodwill impairment charge

Three and Nine Months Ended September 30, 2025 vs. 2024 

Goodwill impairment charge of zero and $183.8 million for the three and nine months ended September 30, 2025, respectively, within our Advanced Polymer Technologies reportable segment. Goodwill impairment charge of zero and $306.6 million for the three and nine months ended September 30, 2024, respectively, within our Performance Chemicals reportable segment. See Note 7 for more information.

Acquisition-related costs

Three and Nine Months Ended September 30, 2025 vs. 2024 

Acquisition-related (income) costs were zero for