Quarterly ResultJul 29, 2026, 05:22 PM
Ingevity Q2 Adjusted EBITDA Up 14%; Raises Full-Year Outlook
AI Summary
Ingevity Corporation reported strong second-quarter 2026 financial results, with net income from continuing operations reaching $39.8 million and adjusted diluted EPS of $1.74. The company's adjusted EBITDA from continuing operations rose 14% to $115.0 million, driven by higher prices, favorable product mix, and increased volumes. Following these results, Ingevity raised its full-year 2026 Adjusted EBITDA outlook to a range of $380 million to $400 million and its diluted adjusted EPS outlook to $5.00 to $5.45. The company also completed the divestiture of its Road Markings product line for approximately $63 million in net proceeds.
Key Highlights
- Net sales of $314.1 million, down 5% YoY; excluding Road Markings, sales increased 5%.
- Net income from continuing operations was $39.8 million, or $1.13 per diluted share.
- Adjusted diluted EPS from continuing operations was $1.74, up from $1.22 prior year.
- Adjusted EBITDA from continuing operations increased 14% to $115.0 million.
- Completed the sale of Road Markings product line on April 15, 2026, for approximately $63 million.
- Raised full-year Adjusted EBITDA outlook to $380-$400 million.
- Raised full-year diluted adjusted EPS outlook to $5.00-$5.45.
- Repurchased approximately $35 million in shares at $70.94 per share.
Price Impact
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