Ingevity Corporation Common Stock (NGVT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to the Ingevity first quarter 2026 earnings call and webcast. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Mickey Walsh, head of investor relations. Please go ahead. Thank you and good morning. Last evening, we posted a presentation on our investor site that you can use to follow today's discussion. It can be found on our website. Thank you. We may also make forward-looking statements regarding future events and future financial performance of the company during this call, and we caution you that these statements are just projections, and actual results or events may differ materially from those projections as further described in our earnings release. Today, you will hear from Dave Lee, our CEO and President, and Phil Platt, our CFO. Our prepared comments will focus on results from the first quarter of 2026 from continuing operations and recent business highlights. We will take any questions related to the quarter during the Q&A session right after the prepared remarks. Dave, over to you. Thank you, Mickey, and good morning, everyone. Please turn to slide four. This quarter marked another strong period of execution and results for our company. Starting with our strategic portfolio transformation, we were pleased to complete the sale of the Ozark Materials Roadmarkings product line on April 15th to PPG in an all-cash transaction valued at approximately $65 million. This follows the divestiture announced in January of our North Charleston CTO Refinery and the majority of the industrial specialties product line for approx...