Overview

• Ingevity Q3 net sales from continuing operations flat yr/yr, missing analyst expectations

• Company announces sale of Industrial Specialties and North Charleston refinery for $110 mln

Outlook

• Ingevity revises 2025 guidance: net sales between $1.25 bln and $1.35 bln

• Company expects 2025 adjusted EBITDA between $390 mln and $405 mln

• Challenges in Advanced Polymer Technologies delay industrial demand recovery

Result Drivers

• PERFORMANCE MATERIALS - Sales increased 3% driven by improved global auto production

• ADVANCED POLYMER TECHNOLOGIES - Sales declined due to tariff impacts and increased competition in China

• PERFORMANCE CHEMICALS - Record North America pavement sales contributed to segment growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the diversified chemicals peer group is "buy"

• Wall Street's median 12-month price target for Ingevity Corp is $69.50, about 24.3% above its November 4 closing price of $52.58

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw3mLZHma

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)