Ingevity Q2 FY26 net income turns to profit at $39.8 million; net sales fall 5% to $314.1 million
Reuters2026/07/29 21:32- Ingevity posted Q2 2026 net income from continuing operations of USD 39.8 million, or USD 1.13 per share, on net sales of USD 314.1 million, down 5% year over year.
- Adjusted EBITDA from continuing operations rose 14% to USD 115 million; margin widened 6.1 percentage points to 36.6%.
- Operating cash flow was negative USD 15.8 million due to a USD 113.2 million litigation settlement payment; share repurchases totaled about USD 35 million.
- Full-year net sales outlook is USD 1.05 billion to USD 1.15 billion; adjusted EBITDA is USD 380 million to USD 400 million.
- CEO Dave Li said the Road Markings divestiture closed in April, citing early validation from a municipal PFAS filtration contract.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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