Ingevity reported second-quarter 2026 results with net sales of $314.1 million and net income from continuing operations of $39.8 million, or $1.13 per diluted share. Adjusted earnings from continuing operations were $61.5 million and adjusted diluted EPS was $1.74, while adjusted EBITDA from continuing operations rose to $115.0 million. The company completed the divestiture of its Road Markings product line in April and raised its full-year adjusted EBITDA outlook to $380–$400 million.

Financial Highlights

  • Net sales: $314.1 million for the three months ended June 30, 2026.
  • Gross profit: $139.0 million for the quarter (as reported on condensed consolidated statements of operations).
  • Net income from continuing operations: $39.8 million, or $1.13 per diluted share.
  • Adjusted earnings from continuing operations (Non-GAAP): $61.5 million; diluted adjusted earnings per share: $1.74.
  • Adjusted EBITDA from continuing operations (Non-GAAP): $115.0 million; adjusted EBITDA margin from continuing operations: 36.6%.

Business Highlights

  • Completed sale of the Road Markings product line on April 15, 2026, generating approximately $63 million in net proceeds and affecting year-over-year comparatives.
  • Excluding Road Markings, net sales increased 5% with growth across all three segments: Performance Materials, Pavement Technologies and Advanced Polymer Technologies.
  • Performance Materials: sales increased 4% to $160.6 million driven by higher volumes and favorable mix; segment EBITDA rose to $86.1 million with improved plant utilization.
  • Pavement Technologies: reported sales of $104.2 million (down 22% year-over-year primarily due to the Road Markings divestiture); excluding the divestiture, sales increased 3% with regional strength in North America.
  • Advanced Polymer Technologies: sales grew 14% to $49.3 million, supported by higher prices, favorable mix toward higher-value derivatives and improved utilization following downtime in the prior year.

Original SEC Filing:

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