Ingevity Third Quarter 2024 Earnings: EPS Misses Expectations

Ingevity (NYSE:NGVT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$376.9m (down 16% from 3Q 2023).
• Net loss: US$107.2m (down from US$25.2m profit in 3Q 2023).
• US$2.95 loss per share (down from US$0.70 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ingevity EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are up 32% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Ingevity has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.

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