Ingevity Corporation reported third quarter 2025 net sales of $155.0 million for its Performance Materials segment, a 2.6% increase compared to $151.1 million in the same period of 2024. Segment EBITDA for Performance Materials was $79.9 million, down 0.9% from $80.6 million in the prior year, with an EBITDA margin of 51.5%, representing a decline of 180 basis points. The company generated $118.0 million in free cash flow during the quarter and repurchased $25.0 million in shares. Ingevity also announced the sale of its North Charleston crude tall oil refinery and the majority of the Industrial Specialties product line for $110.0 million, which are now reported as discontinued operations beginning in the third quarter. Net leverage improved to 2.7x. Ruth Castillo was named senior vice president and president for Performance Materials.