Ingevity reports preliminary fourth quarter and full year 2019 financial results
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Ingevity (NGVT) Tops Q4 EPS by 10c, Revenues Miss; Offers Q1 Revenue Guidance Below Consensus
February 3, 2020 6:18 AM ESTIngevity (NYSE: NGVT) reported Q4 EPS of $1.10, $0.10 better than the analyst estimate of $1.00. Revenue for the quarter came in at $303.4 million versus the consensus estimate of $305.49 million.
FOURTH QUARTER
Net sales of $303.4 million were up 8.9% versus the prior year quarters sales of $278.6 millionNet income of $44.3 million was up 5.2% versus net income in the prior year quarter of $42.1 million; net income as a percentage of sales of 14.6% was down 50 basis points versus the prior year quarter; diluted earnings per share were $1.05 compared to $0.99Adjusted earnings of $46.5 million were up 2.6% versus... More