Ingevity Corp 8K

Ingevity Corporation reported stronger second quarter 2026 earnings, completed the $63 million divestiture of its Road Markings product line, absorbed a $113.2 million litigation settlement and a $32.1 million asset impairment, and raised its full-year 2026 guidance for adjusted EBITDA and EPS.

On July 29, 2026, Ingevity Corporation reported its second quarter 2026 financial results, highlighting net sales of $314.1 million (down 5% year over year due to the divestiture of its Road Markings product line), net income from continuing operations of $39.8 million ($1.13 per diluted share) versus a prior-year loss, and a 14% increase in adjusted EBITDA from continuing operations to $115.0 million with a 36.6% margin. The company completed the sale of its Road Markings product line on April 15, 2026, for approximately $63 million in net proceeds and recognized an $8.6 million gain on sale, reported a $32.1 million non-cash long-lived asset impairment in Advanced Polymer Technologies, and made a $113.2 million litigation settlement payment that temporarily drove operating cash flow negative, though free cash flow excluding the settlement was $89.1 million. Segment results showed growth in Performance Materials and Advanced Polymer Technologies, while Pavement Technologies declined on a reported basis due to the divestiture but grew modestly excluding Road Markings; management also noted a new municipal water treatment contract for PFAS filtration as early validation of its carbon technology. On the back of improved profitability and execution, Ingevity raised its full-year 2026 outlook to net sales of $1.05–$1.15 billion, adjusted EBITDA of $380–$400 million, diluted adjusted EPS of $5.00–$5.45, and free cash flow of $220–$245 million (excluding the litigation settlement), and indicated plans to use cash flow to reduce leverage to its 2.0–2.5x target range and continue returning capital to shareholders, including via share repurchases.

Filing Facts

CIK

1653477

Ticker

-

Form

8K

Source Type

sec

Accession

0001653477-26-000044

Alert Tier

7