Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
May 11, 2022 09:09 AM

Strong first quarter at Ingevity

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    North Charleston, South Carolina – Ingevity, a speciality polyols company generated $328.8m in sales in the first quarter of 2022 up 2.65% on the same period last year. EBITDA across the business rose 19.5% and reached $382.8m.

    Forston: strong end-market demand

    We continue to see strong end-market demand across the company which allowed us to increase prices,' said John Fortson, CEO.

    In the company's Performance Chemicals business, sales rose by 30.3% between the first quarter of 2021 and the first quarter of 2022, reaching $234m, compared with $179.6m in the equivalent period in 2021.

    At the same time, EBITDA in the division rose 29.7%. It reached $41.1m in the first quarter of 2022. This compares with $32m in the equivalent period in 2021. 

    'Sales across our Performance Chemicals segment rose significantly compared to the prior year quarter,' said Fortson. 'Our teams implemented price increases in all of our business areas which allowed us to offset energy, logistics and raw materials inflation in the quarter.'

    Ingevity numbers Q1 2022 ($ m)
    Group Q1 2022 Q1 2021 Change %
    Sales 328.8 320.3 2.7
    EBITDA 181.0 326.0 -44.5
    Margin % 55.0 101.8
    Performance Chemicals
    Sales 234.0 179.6 30.3
    EBITDA 41.1 31.7 29.7
    Margin % 17.6 17.7
    Source: Ingevity
    Recommended for You
    US government backs 3D printing initiative
    US government backs 3D printing initiative
    henkel adhesive recyclable packaging 800
    Henkel adds adhesives for recyclable food packaging
    formlabs 3dp pu resin 800
    Formlabs adds PU 3D printing resins
    Latest Issue
    April/May 2022 issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Office 127,
    61, Willow Walk,
    London
    SE1 5SF
    E-mail us
    +44 (0) 203 287 5979

    Customer Service:
    +1 313 446 0450

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe