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Company delivered strong results driven by record sales of $382.8 million, up 19.5%.
May 5, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ingevity Corporation reported its financial results for the first quarter 2022. Record net sales of $382.8 million in the first quarter rose 19.5% versus the prior year quarter, as price increases were implemented across the company that were enabled by strong end-market demand and which helped offset inflationary cost pressures. First quarter net income of $60.8 million increased 24.8% compared to the prior year quarter. Record first quarter adjusted earnings before interest, taxes, depre...
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