Ingevity: Q4 Earnings Snapshot

Associated Press Finance
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NORTH CHARLESTON, S.C. (AP) — NORTH CHARLESTON, S.C. (AP) — Ingevity Corporation (NGVT) on Wednesday reported a loss of $116.8 million in its fourth quarter.

The North Charleston, South Carolina-based company said it had a loss of $3.23 per share. Earnings, adjusted for one-time gains and costs, came to 21 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The company posted revenue of $371.7 million in the period.

For the year, the company reported a loss of $5.4 million, or 15 cents per share. Revenue was reported as $1.69 billion.

Ingevity expects full-year revenue in the range of $1.4 billion to $1.55 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGVT at https://www.zacks.com/ap/NGVT

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