Ingevity's (NGVT) Earnings and Revenues Miss Estimates in Q2
NGVTIngevity(NGVT) ZACKS·2024-08-05 19:30

Ingevity Corporation (NGVT) recorded a second-quarter 2024 loss of 283.7millionoralossof283.7 million or a loss of 7.81 per share. In the year-ago quarter, it posted a profit of 35.5millionor97centspershare.Excludingonetimeitems,adjustedearningsinthequarterwere35.5 million or 97 cents per share.Excluding one-time items, adjusted earnings in the quarter were 1.01 per share, down from 1.41ayearago.ThefiguremissedtheZacksConsensusEstimateof1.41 a year ago. The figure missed the Zacks Consensus Estimate of 1.05.The company’s revenues declined 18.9% year over year to 390.6millioninthequarter,missingtheZacksConsensusEstimateof390.6 million in the quarter, missing the Zacks Consensus Estimate of 415.5 million. The fall ...