Ingevity Q2 FY26 net income turns to profit at $39.8 million; net sales fall 5% to $314.1 million
NGVT•Q2 results and outlook
- Ingevity posted Q2 2026 net income from continuing operations of $39.8 million, or $1.13 per share, on net sales of $314.1 million, down 5% year over year.
- Adjusted EBITDA from continuing operations rose 14% to $115 million; margin widened 6.1 percentage points to 36.6%.
- Operating cash flow was negative $15.8 million due to a $113.2 million litigation settlement payment; share repurchases totaled about $35 million.
- Full-year net sales outlook is $1.05 billion to $1.15 billion; adjusted EBITDA is $380 million to $400 million.
- CEO Dave Li said the Road Markings divestiture closed in April, citing early validation from a municipal PFAS filtration contract.
