Ingevity Corp reported second-quarter 2026 results with revenue of $314.1M, net income of $35.3M and diluted EPS of $1 compared with $331.5M, a net loss of ($146.5M) and diluted loss per share of ($4.02) in the year‑ago quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$314.1M$331.5M(5.2%) | Net income²$35.3M($146.5M)124.1% | Diluted EPS³$1($4.02)124.9% |
¹ Reported as “Net sales”. ² Reported as “Net income (loss)”. ³ Reported as “Diluted earnings (loss) per share”.
Business Highlights
- Net sales declined about 5% year over year in Q2 2026, primarily reflecting the divestiture of the road markings business, partially offset by growth in Performance Materials and APT.
- Improved pricing and product mix in Performance Materials and APT supported higher gross profit and margins despite lower volumes.
- Performance Materials benefited from demand tied to the shift to hybrid vehicles; Pavement Technologies saw increased adoption of warm‑mix asphalt.
- Company completed the sale of road markings on April 15 and completed the industrial specialties sale effective January 1; an APT long‑lived asset impairment was recorded during the APT sale process.
- Management raised its full‑year adjusted EBITDA outlook and expects low‑to‑mid single‑digit revenue growth in segments, with APT projected to deliver double‑digit net sales growth.
Original SEC Filing:
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