Ingevity: Q2 Earnings Snapshot
NORTH CHARLESTON, S.C. (AP) _ Ingevity Corporation (NGVT) on Tuesday reported second-quarter net income of $59.8 million.
The North Charleston, South Carolina-based company said it had profit of $1.54 per share. Earnings, adjusted for one-time gains and costs, came to $1.73 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The company posted revenue of $419.9 million in the period.
Ingevity expects full-year revenue in the range of $1.53 billion to $1.65 billion.