Ingevity (NGVT) FY2017 results: revenue $972 million, up 7.1% on the year
Ingevity Corp. (NGVT) reported revenue of $972 million for fiscal 2017, the year ended 31 December 2017, up 7.1% on the year before. Net income was $126 million, up 259.4%, and diluted earnings per share $2.97. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$972 million
+7.1% on the year
FY2014FY2017
Operating margin
25.0%
18.0% a year earlier
FY2014FY2017
Net income
$126 million
+259.4% on the year
FY2014FY2017
Diluted EPS
$2.97
+257.8% on the year
FY2014FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
972
908
958
+7.1%
Cost of revenue
643
634
683
+1.5%
Gross profit
329
274
275
+19.9%
Gross margin
33.8%
30.2%
28.7%
Research and development
19.8
17.6
17.4
+12.5%
Selling, general and administrative
106
96.4
92.7
+10.4%
Operating income
243
164
166
+48.3%
Operating margin
25.0%
18.0%
17.4%
Interest expense
18.1
19.3
20.1
-6.2%
Pre-tax income
175
87.0
136
+100.9%
Income tax
29.6
42.6
52.2
-30.5%
Effective tax rate
16.9%
49.0%
38.2%
Net income
126
35.2
79.7
+259.4%
Net margin
13.0%
3.9%
8.3%
Diluted EPS
$2.97
$0.83
$1.89
+257.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
174
128
72.2
+36.3%
Capital expenditure
52.6
56.7
101
-7.2%
Free cash flow
122
71.2
-28.7
+70.9%
Free cash flow margin
12.5%
7.8%
-3.0%
Cash from investing
-58.6
-126
-89.3
Cash from financing
-57.8
-3.4
27.0
Depreciation and amortisation
40.4
38.8
34.6
+4.1%
Share-based compensation
10.1
4.7
0.0
+114.9%
Buybacks
6.6
0.0
0.0
Diluted shares, weighted
43m
42m
42m
+0.6%
Shares outstanding at period end
42m
42m
0
-0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
264
127
514
+107.8%
Non-controlling interest
14.0
7.6
3.8
+84.2%
Debt
455
492
89.4
-7.5%
Other liabilities
197
206
172
-4.7%
Total liabilities and equity
930
833
779
+11.6%
Fixed assets
438
423
438
+3.7%
Goodwill
12.4
12.4
11.9
0.0%
Intangible assets
4.9
7.3
10.0
-32.9%
Cash and equivalents
87.9
30.5
32.0
+188.2%
Receivables
100
89.8
95.2
+11.4%
Inventory
160
151
149
+5.8%
Other assets
126
119
43.2
+6.0%
Total assets
930
833
779
+11.6%
10-K for the year ended 31 December 2017, filed 20 February 2019: the filing.