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Net sales of $276.8 million were up 17.7% versus the prior year quarter’s sales of $235.2 million.
May 3, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ingevity Corporation reported first quarter net sales of $276.8 million, representing an increase of 17.7% versus $235.2 million in the prior year’s first quarter. Net income of $22.7 million decreased 36.6% versus $35.8 million in the previous year’s quarter primarily due to higher costs related to the acquisition of the Capa caprolactone business from Perstorp Holding AB. Ingevity’s first quarter net income margin was 8.2% versus 15.2% in the first quarter of 2018. The first quarter diluted ea...
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