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Ingevity (NGVT)

Ingevity provides specialty chemicals, high-performance carbon materials and engineered polymers that purify, protect and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures, and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people.

Company profile

Ticker
NGVT
Exchange
CEO
Richard Kelson
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Ingevity South Carolina, LLC • Ingevity Virginia Corporation • Ingevity Arkansas, LLC • Ingevity Services, Inc. • Ingevity Georgia, LLC • Ingevity UK Ltd • Ingevity Sweden AB • Ingevity Mexico, S.A. de C.V. • Ingevity Holdings SRL • Ingevity Quimica Ltda. ...

NGVT stock data

Calendar

3 Aug 22
24 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 131.8M 131.8M 131.8M 131.8M 131.8M 131.8M
Cash burn (monthly) 30.47M 8.51M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 86.18M 24.07M n/a n/a n/a n/a
Cash remaining 45.62M 107.73M n/a n/a n/a n/a
Runway (months of cash) 1.5 12.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Sep 22 Erik Spencer Ripple Common Stock Payment of exercise Dispose F No No 66.17 511 33.81K 10,962
6 Sep 22 Phillip John Platt Common Stock Payment of exercise Dispose F No No 66.17 429 28.39K 6,250
26 Jul 22 William J Slocum Common Stock, $0.01 par value Grant Acquire A No No 0 1,542 0 1,542
26 Jul 22 Benjamin G. Wright Common Stock Grant Acquire A No No 0 1,542 0 1,542
9.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 256 264 -3.0%
Opened positions 27 33 -18.2%
Closed positions 35 37 -5.4%
Increased positions 88 79 +11.4%
Reduced positions 88 93 -5.4%
13F shares Current Prev Q Change
Total value 2.15B 2.27B -5.1%
Total shares 34.04M 35.32M -3.6%
Total puts 8.5K 14.4K -41.0%
Total calls 10.4K 22.5K -53.8%
Total put/call ratio 0.8 0.6 +27.7%
Largest owners Shares Value Change
BLK Blackrock 4.79M $302.31M +2.8%
Vanguard 3.79M $239.08M -0.1%
Inclusive Capital Partners 2.15M $135.84M +7.2%
STT State Street 1.23M $77.71M -2.2%
LSV Asset Management 1.05M $66.02M -1.3%
Wellington Management 990.99K $62.57M -7.4%
Maple Rock Capital Partners 944.5K $59.64M +18.4%
Thrivent Financial For Lutherans 913.32K $57.67M +12.2%
Massachusetts Financial Services 823.72K $52.01M +4.8%
Broad Bay Capital Management 800K $50.51M 0.0%
Largest transactions Shares Bought/sold Change
Ardevora Asset Management 0 -797.26K EXIT
MS Morgan Stanley 333.78K +203.54K +156.3%
Parametric Portfolio Associates 0 -179.29K EXIT
Arrowstreet Capital, Limited Partnership 0 -174.45K EXIT
Maple Rock Capital Partners 944.5K +147K +18.4%
MNGPF Man 0 -146.99K EXIT
Inclusive Capital Partners 2.15M +145K +7.2%
BLK Blackrock 4.79M +130.61K +2.8%
State Of Wisconsin Investment Board 104.24K -117.2K -52.9%
Voya Investment Management 221.26K -103.78K -31.9%

Financial report summary

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Competition
CabotKuraray
Risks
  • The COVID-19 pandemic has had, and may continue to have, a negative impact on our business, financial condition, results of operations and cash flows.
  • Adverse conditions in the automotive market have and may continue to negatively impact demand for our automotive carbon products.
  • The Company’s pavement technologies product line is heavily dependent on government infrastructure spending.
  • Certain of the Company’s products are sold into cyclical end-markets, such as the automotive market and the apparel market, which are impacted by changes in consumer and industrial demand.
  • We face competition from new technologies and new or emerging competitors.
  • Certain of our products face competition from substitute products where the costs of different raw material inputs can impact the price competitiveness of our products and negatively impact our sales and/or profits as we respond to substitute product competition.
  • Disruptions at any of our facilities could negatively impact our production, financial condition and results of operations.
  • We are dependent upon third parties for the provision of certain critical operating services at several of our facilities.
  • We are dependent on certain large customers.
  • We are dependent on attracting and retaining key personnel.
  • The inability to make or effectively integrate future acquisitions may negatively affect our results.
  • As we rely on information technologies to conduct our business, security breaches and other disruptions could compromise our information and expose us to liability, which could cause our business and reputation to suffer.
  • Complications with the design or implementation of our new enterprise resource planning (“ERP”) system could adversely impact our business and operations.
  • Disruptions within our supply chain have negatively impacted, and could continue to negatively impact, our production, financial condition and results of operations.
  • Our Performance Chemicals segment is highly dependent on CTO as a raw material, which is limited in supply, and may be subject to price increases; changing supply and demand economics for CTO could limit access to sufficient supply and/or cause prices increases that we may be unable to pass through to customers
  • We purchase a variety of other raw materials, which are also subject to pricing pressures; inability to procure these raw materials or to pass on price increases could negatively impact our operations or financial results.
  • We are exposed to the risks inherent in international sales and operations.
  • Our engineered polymers product line may be adversely affected by the United Kingdom's withdrawal from the European Union.
  • From time to time, we may be engaged in legal actions associated with our intellectual property rights; if we are unsuccessful, these could potentially result in an adverse effect on our financial condition and results of operations.
  • Certain elements of our strategic growth are dependent on the adoption of more stringent air quality standards around the world.
  • Our business involves hazards associated with chemical manufacturing, storage, transportation and disposal; the legal and regulatory environment related to such chemicals and other environmental impacts (such as climate change and extreme weather) could require expenditures or changes to our product formulations and operations.
  • The Company’s operations are subject to a wide range of general and industry-specific environmental laws and regulations; changes to this legal and regulatory landscape could limit our business activities and increase our operating costs.
  • We may be adversely affected by general global economic and financial conditions beyond our control.
  • Inflation could result in an adverse impact on our results of operations.
  • Challenges in the commercial and credit environment may materially adversely affect Ingevity’s future access to capital.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: affiliated, Africa, annum, auto, bear, benchmark, borrower, borrowing, differentiated, East, EMEA, extended, floor, gain, indenture, LLC, margin, marking, membership, metalworking, Middle, OL, OM, Ozark, polymer, preformed, recovery, refinancing, repaid, repayment, satisfaction, Seller, size, supplier, thereunder, thermoplastic, traffic, type, waterborne
Removed: build, decreasing, lower, specific, supporting, suspended, timetable

Patents

Utility
Evaporative fuel vapor emission control systems
20 Sep 22
An evaporative emission control canister system comprises an initial adsorbent volume having an effective incremental adsorption capacity at 25° C. of greater than 35 grams n-butane/L between vapor concentration of 5 vol % and 50 vol % n-butane, and at least one subsequent adsorbent volume having an effective incremental adsorption capacity at 25° C. of less than 35 grams n-butane/L between vapor concentration of 5 vol % and 50 vol % n-butane, an effective butane working capacity (BWC) of less than 3 g/dL, and a g-total BWC of between 2 grams and 6 grams.
Utility
Lubricant Thickener Systems from Modified Tall Oil Fatty Acids, Lubricating Compositions, and Associated Methods
14 Jul 22
The present disclosure provides a soap thickener and methods of making the same.
Utility
Method for Enhancing Volumetric Capacity In Gas Storage and Release Systems
5 May 22
The present disclosure provides for a porous gas sorbent monolith with superior gravimetric working capacity and volumetric capacity, a gas storage system including a porous gas sorbent monolith of the present disclosure, methods of making the same, and method for storing a gas.
Utility
Evaporative Fuel Vapor Emission Control Systems
28 Apr 22
An evaporative emission control canister system comprises an initial adsorbent volume having an effective incremental adsorption capacity at 25° C. of greater than 35 grams n-butane/L between vapor concentration of 5 vol % and 50 vol % n-butane, and at least one subsequent adsorbent volume having an effective incremental adsorption capacity at 25° C. of less than 35 grams n-butane/L between vapor concentration of 5 vol % and 50 vol % n-butane, an effective butane working capacity (BWC) of less than 3 g/dL, and a g-total BWC of between 2 grams and 6 grams.
Utility
Evaporative fuel vapor emission control systems
29 Mar 22
An evaporative emission control canister system comprises an initial adsorbent volume having an effective incremental adsorption capacity at 25° C. of greater than 35 grams n-butane/L between vapor concentration of 5 vol % and 50 vol % n-butane, and at least one subsequent adsorbent volume having an effective incremental adsorption capacity at 25° C. of less than 35 grams n-butane/L between vapor concentration of 5 vol % and 50 vol % n-butane, an effective butane working capacity (BWC) of less than 3 g/dL, and a g-total BWC of between 2 grams and 6 grams.