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Third quarter net sales of $376.8 million rose 13.6% versus the prior year third quarter.
October 28, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ingevity Corporation reported its third quarter 2021 financial results. Third quarter net sales of $376.8 million rose 13.6% versus the prior year third quarter. Net loss of $4.2 million included a pre-tax expense of $85 million to record a previously disclosed adverse litigation verdict. Third quarter diluted loss per share was $0.11 compared to diluted earnings per share (EPS) of $1.69 in the prior year period. Adjusted earnings of $64.4 million decreased 13.2% versus the prior year quarter....
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