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Ingevity Reports Selected Preliminary 3Q 2020 Financial Results

Third quarter net sales of $332 million, with free cash flow of $74 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ingevity Corporation reported selected preliminary financial results for the third quarter. “Ingevity’s third quarter results were driven by strong rebounds in automotive sales and production worldwide versus a weak second quarter, along with continued strong paving activity, cost reduction actions and strong execution,” said John Fortson, president and CEO. “These positives were partially offset by a weakened economic environment due to COVID-19 that particularly impacted our Performance Chemi...

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