Ingevity : Q4 2021 Earnings Infographic(opens in new window)
February 24, 2022 at 06:32 am EST
Share
Fourth-quarter and full-year 2021 performance
Company delivered solid results despite supply chain challenges and inlationary cost pressures, and the continuing microchip shortage that negatively impacted fourth-quarter (Q4) and full-year (FY) performance
FINANCIAL HIGHLIGHTS (VS PRIOR YEAR QUARTER)
Net sales
$
336.0M
3.2%
Net income
$29.3M
36.3%
Q4
Adjusted
$79.6M
EBITDA 1
28.2%
Adjusted
23.7%
EBITDA margin 1
1,040 bps
38.6M
68.4%
Free cash low 1
$
FINANCIAL HIGHLIGHTS
(VS PRIOR YEAR)
Net sales
$1,391.5M
YEAR
14.4%
Net income
$
118.1M
34.9%
FULL
Adjusted
$422.2M
EBITDA 1
6.1%
Adjusted
30.3%
EBITDA margin 1
240 bps
Free cash low 1
$
189.2M
30.0%
$1.525B - $1.60B
2022 GUIDANCE
Sales
BUSINESS SEGMENT PERFORMANCE
Performance
Performance
Chemicals
Materials
Revenue
$204.0M
$132.0M
Segment
$21.6M
$58.0M
EBITDA
Segment
10.6%
43.9%
EBITDA margin
BUSINESS SEGMENT PERFORMANCE
Performance
Performance
Chemicals
Materials
Revenue
$874.7M
$516.8M
Segment
$172.8M
$249.4M
EBITDA
Segment
19.8%
48.3%
EBITDA margin
$
430
-
$
460
>
$
150
M
M
M
Adjusted EBITDA 1
Free cash low 1
"Our 2022 guidance assumes Performance Chemicals revenue will outpace ongoing energy, logistics and raw materials inlation, and relects our modest outlook for Performance Materials as we expect vehicle production will continue to be constrained by the prolonged microchip shortage and other automotive supply chain issues. We'll continue to optimize our operations and inventory to provide outstanding service to customers and remain committed to capturing the maximum value for our products. I'm conident we will advance our strategic growth and sustainability eorts and deliver a strong performance this year."
JOHN FORTSON, PRESIDENT AND CEO
Represents a non-GAAP financial measure, please refer to quarterly earning presentations for Ingevity's use of non-GAAP financial measures, definitions of these financial measures as well as the reconciliation to the nearest GAAP financial measure.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Ingevity Corporation published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 11:29:35 UTC.
Ingevity Corporation is engaged in developing, marketing, and bringing to market solutions that are renewably sourced. The Company operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies. Performance Materials segment engineers, manufactures, and sells hardwood-based, chemically activated carbon products, which are produced through a technical and specialized process primarily for use in gasoline vapor emission control systems in cars, trucks, motorcycles, and boats. Performance Chemicals segment is comprised of two product lines: road technologies and industrial specialties. Its products are utilized in pavement construction, preservation, reconstruction and recycling, agrochemical dispersants, paper chemicals and other diverse industrial uses. Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers for use in coatings, resins, elastomers, adhesives, bioplastics, and medical devices.
INGEVITY CORPORATION 
