Ingevity earnings date
Ingevity (IGX) Q3 2026 Earnings Report
DE:IGX Q3 2026 EPS Results
- Actual EPS
- EUR 1.48
- Consensus EPS
- EUR 1.42
- Beat/Miss
- Beat by +EUR 0.06
- One Year Ago EPS
- EUR 1.38
DE:IGX Q3 2026 Revenue Results
- Actual Revenue
- EUR 276.77M
- Expected Revenue
- EUR 275.69M
- Beat/Miss
- Beat by +EUR 1.08M
- YoY Revenue Growth
- -8.43%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
Ingevity's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was predominantly positive. Ingevity reported strong margins, higher adjusted EPS, stable Performance Materials results, meaningful filtration progress, disciplined capital allocation, and a maintained $390 million adjusted EBITDA midpoint. These positives outweighed challenges including lower reported sales from the Roadmarkings divestiture, free-cash-flow and EBITDA declines, regional automotive weakness, significant asphalt-cost pressure, expected fourth-quarter moderation, and the delayed Advanced Polymer Technologies sale.
The company narrowed its full year adjusted EBITDA outlook to $385 million to $395 million, maintaining the $390 million midpoint of its prior range, and expects full year net sales of approximately $1.1 billion, diluted adjusted earnings per share of $5.25 to $5.45, and free cash flow of $220 million to $230 million. Performance Materials results are expected to moderate sequentially in the fourth quarter, Pavement Technologies expects normal seasonal demand moderation, added pressure from higher asphalt costs, and continued input cost pressure, and Advanced polymer technologies expects typical softer demand and higher input costs to pressure results. For 2027, the company is not providing guidance; it expects Performance Materials to deliver within the ranges provided in December 2025, while Pavement Technologies was expected to put up mid single digit growth, although higher asphalt costs could hinder its ability to grow at mid single digits for warm mix. The company expects globally flat auto production 2027 to 2026, continued benefit from the hybrid transition in The United States, annual price increases in the first quarter, and the Advanced polymer technologies sale process may go into 2027, with an announced transaction potentially extending into early 2027.
- Strong Margins and Earnings GrowthThird-quarter adjusted EBITDA from continuing operations was $108 million, while adjusted EBITDA margin expanded 230 basis points to 35.4%. Adjusted earnings per share increased 24% to $1.63 from $1.31 in the prior-year quarter, as favorable pricing, product mix, and operational execution more than offset higher input and logistics costs.
- Underlying Sales Growth Excluding Road MarkingsThird-quarter sales were $305 million, down 8% on a reported basis primarily due to the April divestiture of the Roadmarkings product line. Excluding road markings, sales increased 2%, driven by higher pricing and favorable mix across the portfolio.
- Performance Materials Delivered a Strong QuarterPerformance Materials sales were approximately $154 million, nearly flat with the prior year, and segment EBITDA was approximately $83 million, also nearly flat. Segment EBITDA margin remained strong at 54.1%, supported by North American automotive demand, pricing actions, improved non-auto filtration profitability, and stronger manufacturing performance.
- North American Hybrid Vehicle TailwindNorth American automotive demand continued to benefit from the shift in consumer preference toward hybrid vehicles. Management said the hybrid transition is still in the early to mid innings and expects the company to continue benefiting from selling advanced activated-carbon solutions into hybrid vehicles.
- Filtration Commercial MomentumFiltration continued to show tangible progress, particularly in municipal water treatment and biogas purification. After announcing its first PFAS-removal commercial win in the prior quarter, the company secured several more contracts, while activity accelerated as municipalities prepare for required PFAS reporting in early 2027.
- Biogas Purification GrowthCommercial adoption and project activity in biogas purification continued to accelerate in 2026. Ingevity's solutions help renewable natural gas producers remove contaminants and improve production output, and management said the business is growing rapidly.
- Filtration Profitability UpgradeThe company is upgrading existing filtration volumes that previously generated negligible EBITDA toward higher-value applications such as PFAS removal and biogas purification. Management said the upgrade contribution was about 15% in the quarter, was already meaningful year over year, and is expected to accelerate into 2027.
- Advanced Polymer Technologies Sales and EBITDA ImprovementAdvanced Polymer Technologies sales increased 18% to $45 million, driven by higher pricing, including a price surcharge, and favorable mix toward higher-value derivative products. Segment EBITDA increased to approximately $12 million from $11 million in the prior year.
- Disciplined Capital Allocation and Share RepurchasesIngevity repurchased $39 million of shares during the quarter, bringing year-to-date repurchases to approximately $125 million. The company remains on pace to meet its commitment of at least $300 million in share repurchases by the end of 2027, while maintaining net leverage within its long-term target range of 2 to 2.5x.
- Tightened Full-Year EBITDA OutlookThe company narrowed its full-year adjusted EBITDA outlook to $385 million to $395 million while maintaining the prior range midpoint of $390 million. Management attributed the outlook to solid year-to-date execution and expectations for typical lower fourth-quarter results.
- Full-Year Financial OutlookManagement expects full-year net sales of approximately $1.1 billion, diluted adjusted earnings per share of $5.25 to $5.45, and free cash flow of $220 million to $230 million.
- Pavement Technologies Growth Drivers Remain IntactDespite near-term input-cost headwinds, management said the structural growth drivers of Pavement Technologies remain intact. The value proposition of converting hot mix asphalt to warm mix with Evotherm remains compelling, and the company is pursuing pricing actions, productivity efforts, cost optimization, and new product innovation.
- Portfolio Transformation ProgressThe Advanced Polymer Technologies sale process has been narrowed to several interested parties, and the business continues to perform well. Management remains focused on achieving the best outcome for shareholders rather than adhering to a specific calendar date.
- Battery Materials Investments AdvancingThe company reported progress across its battery-materials initiatives, including its investment in Nexion for silicon-anode technology, its partnership and license with Chasm for carbon nanotubes, and its internal hard-carbon efforts.
- Future Organic Growth OpportunitiesManagement identified filtration, warm mix asphalt, and energy storage as organic growth opportunities. It also said the business is becoming more focused, with resilient margins, strong cash generation, differentiated technologies, and multiple paths to organic growth.
- Potential China 7 OpportunityManagement expects China to move toward a more stringent emissions standard, referred to as China 7, toward the end of the decade. Ingevity would benefit if the standard requires emissions controls similar to those in the United States, although a definitive implementation year has not been established.
DE:IGX Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 24, 2027 | 2026 (Q4) | 0.79- | 0.57 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 1.421.48 | 1.38 | 7.24% (+0.10) | |
| Jul 29, 2026 | 2026 (Q2) | 1.201.58 | 1.26 | 25.18% (+0.32) | |
| May 06, 2026 | 2026 (Q1) | 0.751.04 | 0.9 | 16.16% (+0.15) | |
| Feb 25, 2026 | 2025 (Q4) | 0.600.57 | 0.86 | -33.68% (-0.29) | |
| Nov 05, 2025 | 2025 (Q3) | 1.241.38 | 1 | 38.18% (+0.38) | |
| Aug 05, 2025 | 2025 (Q2) | 1.051.26 | 0.92 | 37.62% (+0.34) | |
| May 05, 2025 | 2025 (Q1) | 0.670.90 | 0.47 | 90.38% (+0.43) | |
| Feb 18, 2025 | 2024 (Q4) | 0.280.86 | 0.19 | 352.38% (+0.67) | |
| Oct 29, 2024 | 2024 (Q3) | 0.801.00 | 1.1 | -9.09% (-0.10) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
