Ingevity crushed Q2 earnings with a 31% EPS beat as demand for activated carbon in hybrid emission controls and competitor supply disruptions in specialty polymers drove margin expansion, prompting management to raise full-year adjusted EPS guidance to $5.00-$5.45.
Ingevity :
NGVT
NGVT
Stock Data
$70.27
$0.96 (1.39%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
BASIC MATERIALS
Industry
SPECIALTY CHEMICALS
Ingevity Corporation specializes in creating activated carbon products, specialty chemicals, and engineered polymers for a global market. Its offerings support a wide range of applications, from reducing gasoline vapor emissions in vehicles to purifying food and water. The company is divided into three main segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies, each focusing on different aspects of Ingevity's diverse product line. With a history dating back to 1964 and headquartered in North Charleston, South Carolina, Ingevity stands as a key player in its field, serving industries from automotive to medical devices.
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