Ingevity Explores Strategic Alternatives for Performance Chemicals Industrial Specialties Line

MT Newswires Live

Jan 16, 2025

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.

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The company anticipates delivering adjusted EBITDA above $400 million in 2025.</p><p>Analysts polled by Capital IQ expected $1.42 billion of sales and EBITDA of $356.5 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4109","symbol_name":"特种化学制品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2503299504","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503299504","pubTimestamp":1737031136,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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