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Company delivered record sales of $482 million, up 27.9%, with record adjusted EBITDA of $138.2 million, up 15.6% and adjusted EBITDA margin of 28.7%,
November 4, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ingevity Corporation reported its financial results for the third quarter 2022. Record net sales of $482 million in the third quarter rose 27.9% versus the prior year quarter, reflecting strong demand and increased prices which offset higher input costs. Third quarter net income was $75.4 million compared to a loss of $4.2 million the prior year quarter, which included an $85.0 million pre-tax litigation expense. Third quarter adjusted earnings before interest, taxes, depreciation and amo...
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