For Immediate ReleaseChicago, IL – December 12, 2024 – Today, Zacks Equity Research Axalta Coating Systems Ltd. (AXTA) , Ingevity Corp. (NGVT) and AdvanSix Inc. (ASIX) .Industry: Specialty ChemicalsLink: https://www.zacks.com/commentary/2381908/3-chemical-specialty-stocks-to-watch-amid-industry-challengesThe Zacks Chemicals Specialty industry is mired in challenges from sluggish demand, largely due to the slowdown in Europe and a slow economic recovery in China. Margins of companies in this space also remai ...

A month has gone by since the last earnings report for Ingevity (NGVT) . Shares have added about 14.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Ingevity due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Ingevity's Earnings Beat Estimates in Q3, Revenues Down ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...

Ingevity. THIRD QUARTER 2024 EARNINGS PRESENTATION October 30, 2024 2 Use of non-GAAP financial measures: This presentation includes certain non‐GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non‐GAAP financial measures to GAAP financial measures are provided within the Appendix to this presentation. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided. The company does not ...

Ingevity Corporation (NYSE:NGVT) Q3 2024 Earnings Call October 30, 2024 10:00 AM ET Company Participants John Nypaver - Investor Relations Luis Fernandez-Moreno - Interim Chief Executive Officer Mary Dean Hall - Chief Financial Officer Ed Woodcock - President, Performance Materials Rich White - President, Performance Chemicals Steve Hulme - President, Advanced Polymer Technologies Conference Call Participants Lee Jagoda - CJS Securities Daniel Rizzo - Jefferies John McNulty - BMO Capital Markets Mike Sison ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37586 __________________ ...

Ingevity Corporation (NGVT) recorded a third-quarter 2024 loss of $107.2 million or $2.95 per share. This compares unfavorably with a profit of $25.2 million or 69 cents in the year-ago quarter. Excluding one-time items, adjusted earnings in the quarter were $1.10 per share, down from $1.21. The figure surpassed the Zacks Consensus Estimate of 60 cents. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Revenues fell 15.5% year over year to $376.9 million in the quarter. The downside is ...

Exhibit 99.1 News Ingevity Corporation 4920 O'Hear Avenue Suite 400 North Charleston, SC 29405 USA www.ingevity.com Contact: Caroline Monahan 843-740-2068 media@ingevity.com Investors: John E. Nypaver, Jr. 843-740-2002 investors@ingevity.com Ingevity reports third quarter 2024 financial results HIGHLIGHTS: • Net sales of $376.9 million, down 16% compared to prior year, primarily due to repositioning actions in Performance Chemicals • Net loss of $107.2 million and diluted loss per share of $2.95 reflects be ...

Ingevity (NGVT) shares soared 12% in the last trading session to close at $37.04. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.6% loss over the past four weeks. NGVT's gain appears to reflect a recovery in its shares from the recent slump following its announcement of the CEO transition. NGVT, last Thursday, announced the departure of John Fortson as president and CEO and from the board of directors of the company, effective ...

Product Launch and Innovation - Ingevity Corporation will launch Capa HS, a next-generation polycaprolactone polyol designed for enhanced hydrolytic resistance in polyurethanes, at the Polyurethanes Technical Conference in Atlanta [1] - Capa HS extends the life of polyurethane elastomers in tough, wet, and humid conditions, making it suitable for industries like offshore, mining, and petroleum [2] - The Capa HS series demonstrates superior performance in outdoor and maritime conditions, retaining integrity after simulating ten years of water ingress compared to traditional polyesters [3] Company Overview and Market Position - Ingevity is a global leader in caprolactone technology with a 50-year history of innovation, distributing Capa products across various industries to enhance durability, flexibility, and resistance [4] - The company's advanced polymer technologies business focuses on sustainable end-of-life solutions for its products [4] Financial Performance and Guidance - Ingevity's shares have declined 16% over the past year, compared to the industry's 2.5% decline [5] - Q2 2024 sales were impacted by the repositioning of the Performance Chemicals segment, though higher sales in Performance Materials partially offset the decline [5] - The company revised its 2024 sales guidance to $1.4-$1.5 billion and adjusted EBITDA outlook to $350-$360 million [6] Industry Context and Competitors - The Polyurethanes Technical Conference is North America's longest-running polyurethanes conference, offering industry networking and regulatory insights [5] - Carpenter Technology Corporation, Eldorado Gold Corporation, and Hawkins, Inc are better-ranked stocks in the basic materials space, with Carpenter Technology sporting a Zacks Rank 1 (Strong Buy) and significant share price gains over the past year [8][9][10]