Ingevity: Fourth Quarter Financial Overview

Ingevity Corporation Reports Fourth Quarter Financial Results

Ingevity Corporation, headquartered in North Charleston, South Carolina, announced a net loss of $84.6 million for the fourth quarter.

The company reported a quarterly loss of $2.37 per share. After adjusting for non-recurring items, earnings stood at 58 cents per share.

During the same period, Ingevity generated $255.1 million in revenue.

For the full fiscal year, the company recorded a total loss of $167.1 million, or $4.61 per share, with annual revenue reaching $1.17 billion.

Looking ahead, Ingevity projects its annual earnings per share to fall between $4.80 and $5.20, with anticipated revenue ranging from $1.1 billion to $1.2 billion.