NGVT Ingevity Corp
Price Chart
Executive Summary
Ingevity reported Q1 2026 adjusted EPS of $1.15, beating consensus of $0.84 by 37%, with net sales up 4% to $258.0M. GAAP EPS fell to $0.65 from $0.79 due to $22.7M in pre-tax special charges including litigation costs. The company reaffirmed full-year guidance adjusted for the Road Markings divestiture, signaling confidence in ongoing operations.
Key Financial Metrics
Actionable Insight
The adjusted EPS beat and reaffirmed guidance support a positive near-term bias, but the GAAP loss and BASF cash outflow temper enthusiasm. Watch for margin recovery in Performance Chemicals after Road Markings divestiture and further leverage reduction progress.
Key Facts
- Q1 2026 net sales $258.0M, +4% YoY
- GAAP diluted EPS $0.65 vs $0.79 YoY
- Adjusted diluted EPS $1.15 vs $1.01 YoY, beat consensus $0.84
- Adjusted EBITDA $91.5M, flat YoY, margin 35.5% vs 36.8%
- Completed sale of Industrial Specialties and Road Markings product lines for ~$158M total
- Reaffirmed FY2026 guidance: net sales $1.05-$1.15B, adjusted EBITDA $370-$395M, adjusted EPS $4.70-$5.20
- Share repurchases of $52M in Q1; net leverage 2.6x
- Paid $113.2M pre-tax litigation settlement to BASF in Q1
Financial Impact
Adjusted EPS beat by $0.31 (37%) vs consensus; GAAP EPS miss due to one-time charges
Risk Factors
- Integration risks from divestitures and ongoing restructuring
- BASF litigation cash outflow pressures free cash flow
- Macroeconomic headwinds and tariff uncertainty impacting demand
- Competitive pricing pressure in Road Markings and Advanced Polymer Technologies
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001653477-26-000031 |
| Document: ngvt-20260506.htm | 0001653477-26-000031 |
| Document: 0001653477-26-000031-index-headers.html | 0001653477-26-000031 |
| Document: 0001653477-26-000031-index.html | 0001653477-26-000031 |
| Document: 0001653477-26-000031.txt | 0001653477-26-000031 |
| 8-K Data (Synthetic) | 0001653477-26-000031 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 6, 2026
4w ago
|
8-K
| $74.07 $66.97 | ▼ −9.59% | ▼ −12.72% | $66.93 (−9.64%) |
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May 4, 2026
5w ago
|
8-K
| $77.10 $67.17 | ▼ −12.88% | ▼ −17.83% | $66.93 (−13.19%) |
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Apr 15, 2026
7w ago
|
8-K
| $73.74 $71.26 | ▼ −3.36% | ▼ −9.18% | $66.93 (−9.24%) |
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Mar 17, 2026
12w ago
|
DEFA14A
| $65.69 $73.74 | ▲ +12.25% | ▲ +6.21% | $66.93 (+1.89%) |
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Feb 25, 2026
14w ago
|
8-K
| $70.52 $71.35 | ▲ +1.18% | ▲ +7.58% | $66.93 (−5.09%) |
US Market Status
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