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Ingevity Reports 4Q, Full-Year 2021 Financial Results

Resin maker reports FY operating cash flow of $293 million with free cash flow of $189.2 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ingevity Corporation reported its financial results for Q4 and FY 2021. Ingevity’s net sales of $336.0 million in Q4 rose 3.2% versus the prior year quarter, and FY net sales of $1.4 billion were up 14.4% compared to last year, as the company drove price increases throughout the year to help offset inflationary cost pressures. Net income and adjusted earnings for the quarter and the full year were negatively impacted by reduced automotive emission product volumes due to the ongoing m...

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