Filing Flows › Ingevity (NGVT) › Q1 2025
Ingevity (NGVT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Ingevity (NGVT) reported revenue of $284M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -5% from the quarter before. Operating margin was 9.4%, net earnings $20.5M (7.2% of revenue).
Ingevity, Q1 2025: revenue $284M (-16% year over year), operating margin 9.4%, net earnings $20.5M, operating cash flow $25.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $284M | -5% | -16% |
| Gross profit | $112M | +12% | +12% |
| Operating profit | $26.8M | -67% | -65% |
| Net earnings | $20.5M | +23% | — |
| Operating cash flow | $25.4M | -61% | — |
| Free cash flow | $15.4M | — | — |
What changed
Revenue was $284.0M in Q1 2025, down 16% year over year and down 5% from the previous quarter.
Gross margin was 39.4%, up 10.1 points from a year earlier. Operating profit was $26.8M, a 9.4% margin (down 13.2 points year over year). Operating expenses grew 273% against a revenue fall of 16%. Net earnings were $20.5M. The effective tax rate was 23.5%.
Operating cash flow was $25.4M, 124% of net earnings. Non-cash charges added back $24.9M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $24.1M. After capital expenditures ($10.0M), free cash flow as the company reports it was $15.4M.
Questions
What was Ingevity's revenue in the first quarter 2025?
Ingevity (NGVT) reported revenue of $284M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -5% from the quarter before.
Was Ingevity profitable in the first quarter 2025?
Operating profit was $26.8M (9.4% of revenue) and net earnings $20.5M.
Source: Ingevity 10-Q on SEC EDGAR.