Published on 3 May 2024 on Zacks via Yahoo Finance
Ingevity's (NGVT) Earnings and Revenues Beat Estimates in Q1
Ingevity Corporation NGVT incurred loss of $1.54 per share in the first quarter of 2024. It posted earnings of $1.35 in the prior-year quarter.Adjusted earnings in the reported quarter were 52 cents per share, down from $1.09 in the year-ago quarter. The figure beat the Zacks Consensus Estimate of 37 cents.The company’s revenues declined around 13.4% year over year to $340.1 million in the quarter but beat the Zacks Consensus Estimate of $319.9 million. The decline was mainly due to the repositioning of the Performance Chemicals unit, which included the exit of some end markets within the Industrial Specialties product line.
Ingevity Corporation Price, Consensus and EPS Surprise
Ingevity Corporation price-consensus-eps-surprise-chart | Ingevity Corporation Quote