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Net sales of $288.2 million were up 4.1%, net income of $45.3 million was up 99.6% versus net income in the prior year quarter.
May 1, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ingevity Corporation reported first quarter net sales of $288.2 million, representing an increase of 4.1% versus $276.8 million in the prior year’s first quarter. Net income of $45.3 million, increased 99.6% versus $22.7 million in the previous year’s quarter. Ingevity’s first quarter net income margin of 15.7% was up from 8.2% in the prior year. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $92.2 million were up 10.4% versus first quarter 2019 adjusted EBI...
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