Filing Flows › Ingevity (NGVT) › Q1 2026
Ingevity (NGVT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Ingevity (NGVT) reported revenue of $258M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +1% from the quarter before. Operating margin was 25.8%, net earnings $59.8M (23.2% of revenue).
Ingevity, Q1 2026: revenue $258M (+4% year over year), operating margin 25.8%, net earnings $59.8M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $258M | +1% | +4% |
| Gross profit | $116M | +33% | +4% |
| Operating profit | $66.6M | — | +130% |
| Net earnings | $59.8M | — | +192% |
| Operating cash flow | −$2.0M | -102% | -108% |
What changed
Revenue was $258.0M in Q1 2026, up 4% year over year and up 1% from the previous quarter. Performance Materials was the largest line at 60% of revenue. Performance Materials added $8.6M year over year (up 6%), 85% of the total change. Performance Chemicals declined 1%.
Gross margin was 45.1%, unchanged from Q1 2025. Operating profit was $66.6M, a 25.8% margin (up 14.1 points year over year). Of the extra revenue versus Q1 2025, 372% reached operating profit, above the 12% margin then. Operating expenses fell 40% while revenue rose 4%. Net earnings were $59.8M, up 192% year over year. The effective tax rate was 10.2%.
Operating cash flow was −$2.0M. Non-cash charges added back $22.7M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $89.3M. Capital expenditures of $10.3M exceeded it, leaving free cash flow of −$12.3M.
Questions
What was Ingevity's revenue in the first quarter 2026?
Ingevity (NGVT) reported revenue of $258M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +1% from the quarter before.
Was Ingevity profitable in the first quarter 2026?
Operating profit was $66.6M (25.8% of revenue) and net earnings $59.8M.
Source: Ingevity 10-Q on SEC EDGAR.