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Net sales of $358.4 million are up 32.4%; net income of $44.3 million rose 119.3%.
July 29, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ingevity Corporation reported its second quarter 2021 financial results. Second quarter net sales of $358.4 million rose 32.4% versus the prior year second quarter. Net income of $44.3 million increased 119.3% and net income margin of 12.4% rose from 7.5% in the prior year. Second quarter diluted earnings per share (EPS) were $1.10 compared to $0.49 in the prior year period. Operating cash flow of $65.8 million drove free cash flow that was up 23.6% to $41.9 million. Adjusted EBITDA of $117.7 ...
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