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Company reaffirms fiscal year 2020 guidance of sales between $1.1 billion and $1.2 billion and adjusted EBITDA between $310 million and $350 million.
August 4, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ingevity Corporation reported its financial results for the second quarter of 2020. Second quarter net sales of $270.6 million were down 23.3% versus the prior year second quarter. Net income of $20.2 million decreased 64.4% and net income margin of 7.5% was down from 16.1% in the prior year. The second quarter diluted earnings per share were $0.49 compared to $1.34 in the prior year period. “Ingevity delivered second quarter financial results in line with the special, one-time guida...
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