Ingevity Corp. (NGVT) Tops Q2 EPS by 15c
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Ingevity Reports Second Quarter 2016 Financial Results
August 3, 2016 4:16 PM EDTNet sales of $248.7 million and net income of $25.8 million resulted in net income as a percentage of sales of 10.4 percent, compared to net sales of $262.2 million and net income of $27.1 million which resulted in net income as a percentage of sales of 10.3 percent in the prior year quarter. Diluted earnings per share were $0.56; diluted adjusted earnings per share were $0.66 Adjusted EBITDA of $58.4 million essentially level with second quarter 2015 pro forma adjusted EBITDA of $58.2 million Adjusted EBITDA margin of 23.5 percent improved 130 basis points versus pro forma second quarter 2015... More
