Ingevity Corp

Ingevity Corporation announced the appointment of Ryan Cotterman, age 44, as its new Vice President, Chief Accounting Officer and principal accounting officer, effective June 22, 2026. Mr. Cotterman brings extensive experience from previous roles at Ralliant Corporation, Cornerstone Building Brands, Inc., Advance Auto Parts, Inc., and Ernst & Young LLP. His compensation package includes an initial annual base salary of $345,000, a 40% annual bonus target, a 65% long-term incentive opportunity, a $40,000 sign-on cash bonus, and a $150,000 restricted stock unit award.

Ingevity reported a significant increase in net income and EPS for Q1 2026, primarily driven by income from discontinued operations following the completion of its industrial specialties product line and CTO Refinery divestiture. Net sales also saw a modest increase. The company also amended and restated its revolving credit facility, reducing commitments and extending maturity.

Ingevity Corporation reported first quarter 2026 net sales of $258.0 million, a 4% increase year-over-year. Net income from continuing operations was $23.4 million ($0.65 diluted EPS), down from $29.1 million ($0.79 diluted EPS) in the prior year, primarily due to a $16.2 million litigation charge. Adjusted earnings from continuing operations rose to $41.4 million ($1.15 adjusted diluted EPS), while adjusted EBITDA was $91.5 million, flat year-over-year. The company completed two divestitures for a total of $158 million and repurchased $52 million in shares, reaffirming its full-year guidance.

Ingevity Corporation held its Annual Meeting of Stockholders on April 29, 2026, where several key proposals were approved. Stockholders voted to amend the 2025 Omnibus Incentive Plan, increasing the number of shares available for issuance by 580,000. Additionally, all nine director nominees were elected, the compensation of named executive officers was approved on an advisory basis, and PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for fiscal 2026.

Ingevity Corporation announced the successful completion of the sale of its road markings product line. The transaction involved the divestment of this business segment to PPG Industries Inc. This strategic move was disclosed through a press release issued by the company on April 15, 2026.