Ingevity Corp
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
NGVT$60.78-2.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| In millions, except per share data | 2024 | 2023 | 2024 | 2023 |
| Net sales | $390.6 | $481.8 | $730.7 | $874.4 |
| Cost of sales | 267.4 | 328.8 | 507.8 | 591.0 |
| Gross profit | 123.2 | 153.0 | 222.9 | 283.4 |
| Selling, general, and administrative expenses | 41.4 | 51.7 | 88.6 | 100.3 |
| Research and technical expenses | 7.3 | 8.0 | 14.1 | 16.8 |
| Restructuring and other (income) charges, net | 13.1 | 19.2 | 75.9 | 24.8 |
| Goodwill impairment charge | 349.1 | — | 349.1 | — |
| Acquisition-related costs | (0.2) | 1.8 | 0.1 | 3.7 |
| Other (income) expense, net | 23.9 | 3.0 | 56.1 | (15.2) |
| Interest expense, net | 23.2 | 21.6 | 45.5 | 41.2 |
| Income (loss) before income taxes | (334.6) | 47.7 | (406.5) | 111.8 |
| Provision (benefit) for income taxes | (50.9) | 12.2 | (66.8) | 25.6 |
| Net income (loss) | $(283.7) | $35.5 | $(339.7) | $86.2 |
| Per share data | ||||
| Basic earnings (loss) per share | $(7.81) | $0.98 | $(9.36) | $2.34 |
| Diluted earnings (loss) per share | (7.81) | 0.97 | (9.36) | 2.33 |
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