Ingevity reports second quarter 2019 financial results
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Ingevity (NGVT) Tops Q2 EPS by 4c, Revenues Miss; Offers FY19 Revenue Mid-Point Guidance Below Consensus
July 24, 2019 4:21 PM EDTIngevity (NYSE: NGVT) reported Q2 EPS of $1.36, $0.04 better than the analyst estimate of $1.32. Revenue for the quarter came in at $352.8 million versus the consensus estimate of $362.05 million.
Net sales of $352.8 million were up 14.3% versus the prior year quarters sales of $308.6 millionNet income of $56.8 million was up 8.8% versus net income in the prior year quarter of $52.2 million; net income as a percentage of sales was 16.1%, compared to 16.9% in the prior... More