Ingevity (NGVT) said Thursday it is exploring strategic alternatives for its Performance Chemicals Industrial Specialties product line, including a potential divestiture of parts of its North Charleston, South Carolina, site.
The move affects pine chemical-based products used in markets such as paper, rubber, adhesives, and lubricants, but excludes the Performance Chemicals Road Technologies line and certain lignin-based products.
Ingevity also reported preliminary fiscal year 2024 results, with expected net sales of $1.4 billion, adjusted EBITDA of $360 million, and free cash flow exceeding $40 million. The company anticipates delivering adjusted EBITDA above $400 million in 2025.
Analysts polled by Capital IQ expected $1.42 billion of sales and EBITDA of $356.5 million.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。