Earnings Releases·Nov 4, 2026, 4:19 PM ET

Ingevity Corporation — Third Quarter 2026 Earnings Summary

Net sales declined 8% year-over-year to $305.1 million, though excluding the divested Road Markings line, sales grew 2%; adjusted EPS rose to $1.63 from $1.31, and adjusted EBITDA margin expanded 230 basis points to 35.4%.
Full-year 2026 adjusted EBITDA guidance narrowed to $385–$395 million with a maintained midpoint, while free cash flow outlook was raised to $220–$230 million excluding the prior quarter's $113.2 million litigation settlement.
Strategic progress includes the April 15, 2026, divestiture of Road Markings and continued advancement toward selling Advanced Polymer Technologies, with potential agreement timing extending into early 2027.
Capital return initiatives included $39 million in share repurchases during the quarter, leaving $172 million of remaining authorization capacity, while net leverage held steady at 2.5 times.