Latest news with #VisionOne
Yahoo
2 days ago
- Business
- Yahoo
Trend Micro and IGP Photonics have been highlighted as Zacks Bull and Bear of the Day
Chicago, IL – June 4, 2025 – Zacks Equity Research shares Trend Micro TMICY as the Bull of the Day and IGP Photonics IPGP as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Broadcom AVGO. Here is a synopsis of all three stocks. Trend Micro has joined the growing number of cybersecurity stocks that have gained traction, including CrowdStrike, CyberArk Software, Palo Alto Networks and Zscaler. Outside of Zscaler, Trend Micro has outperformed most of its popular cybersecurity peers this year and is sitting on gains of over +40%. Offering endpoint, messaging, and web security software, what further separates Trend Micro is its more reasonable valuation, although the growth of these popular cybersecurity firms is starting to justify their premiums to the broader market. That said, Trend Micro's strong financial results and strategic growth initiatives are very compelling, with TMICY sporting a Zacks Rank #1 (Strong Buy) and landing the Bull of the Day. At the forefront of Trend Micro's expansion is its Vision One unified cybersecurity platform, which is designed to provide advanced threat detection, risk management, and security automation across multiple environments for the enterprise. Simplifying security operations for businesses while providing proactive risk management, Trend Micro serves over 10,000 large enterprise customers worldwide, with Vision One being widely adopted by financial institutions, healthcare organizations, and government agencies. Highlighted as a leading XDR platform (Extended Detection and Response), enterprises have flocked to Trend Vision One because of the platform's ability to adapt to AI-driven threats, using machine learning to detect and respond to sophisticated cyberattacks. It's also noteworthy that Vision One protects cloud-native applications and digital workloads, putting Trend Micro in a prime position to compete with Palo Alto Networks, Zscaler, and other cloud security leaders. Also contributing to Trend Micro's expansion is that it has multiple partnerships across various industries, including with cloud providers, other cybersecurity firms, and managed service providers: Microsoft – Integrates Trend Micro's security solutions with Azure for enhanced cloud protection. Amazon's AWS – Collaborates on cloud security and threat intelligence for AWS customers. Alphabet's Google Cloud – Works together on AI-driven cybersecurity and cloud-native security solutions. Cisco Systems – Partners on network security and endpoint protection. VMware – Provides virtualization security for VMware environments. Outside of traditional cybersecurity for the enterprise, Trend Micro's Scam Check Tool had 16,000 active users during Q1, boosting its consumer revenue by 14% from the prior year quarter. Based on Zacks' estimates, Trend Micro's total sales are expected to be up 10% in fiscal 2025 and are projected to rise another 6% in FY26 to $2.11 billion. Notably, FY26 sales projections would represent 22% growth over the last five years, with Trend Micro's top line more than doubling over the last decade in correlation with the need to combat the rising number of cyber threats. Most suggestive of more upside in Trend Micro stock is that FY25 and FY26 EPS estimates are up over 3% and 7% in the last 30 days, respectively. Trend Micro's annual earnings are now expected to spike 30% this year to $2.05 per share, versus EPS of $1.57 in 2024. Plus, FY26 EPS is projected to rise another 16%. Making the positive EPS revisions very enticing is that TMICY trades at 37.4X forward earnings, with the next cheapest P/E valuation among its afore-noted cybersecurity peers being Zscaler at 95.5X. In terms of price to sales, Trend Micro also stands out with a forward P/S ratio of 5.4X, which is near the S&P 500 with CrowdStrike, CyberArk, Palo Alto, and Zscaler all trading at a least 14X or more. While many cybersecurity stocks are intriguing at the moment, investors who may be keeping their risk tolerance in mind could be more comfortable selecting Trend Micro. With its consumer business expansion supporting the growth of the popular Trend Vision One platform, more upside for TMICY looks justified at current levels when considering the premium investors are paying for cybersecurity stocks. Falling 30% year to date, the trend of declining earnings estimate revisions points to more downside risk for IGP Photonics stock. After much hype in recent years, investor sentiment has diminished for the laser systems and components provider due to shrinking operating margins amid lower demand for materials processing products. To that point, IPGP has fallen mightily from its all-time peaks of over $200 a share, and unfortunately, the slide could continue as IPG's stock lands a Zacks Rank #5 (Strong Sell) and the Bear of the Day. Although IPG was able to exceed its Q1 expectations in early May, sales fell 9% from the comparative quarter to $227.79 million. More concerning, earnings dropped 40% to $0.31 a share from EPS of $0.52 in Q1 2024. Attributing to the top and bottom-line decline were tariff-related costs, which have reduced demand for material product applications that rely heavily on IPG's high-performance lasers. Furthermore, IPG warned that tariff-related delays could slow shipments and further impact its profit margins. Leading to much anguish, IPG expects Q2 EPS between $0.05-$0.25 versus $0.45 a share in the prior period, with sales expected at $210-$240 million compared to $257 million a year ago. Correlating with softer-than-expected guidance, earnings estimate revisions have continued to decline for IPG. Notably, fiscal 2025 and FY26 EPS estimates have now dropped over 37% in the last 60 days, respectively. Making the trend of declining EPS revisions harder to bear is that IPG's stock still trades at an overly stretched premium to the broader market at 63.6X forward earnings. It's also noteworthy that IPGP is trading near its decade-long high in terms of price to forward earnings and is 177% above its median of 25.7X during this period. There are many signs that point to it being time to sell IPG Photonics stock, with IPGP having an overall 'F' VGM Zacks Style Scores grade for the combination of Value, Growth, and Momentum. Ultimately, investing in the company's unique laser services is not worth it right now. Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you. Let's take a closer look at the Artificial Intelligence theme and analyze a top-ranked stock that the screen returned, such as Broadcom. This screen features diverse companies involved in AI, ranging from creators of software and hardware that power AI to those applying and utilizing this technology through automation, diagnostics, cognitive tasks, and more. Artificial Intelligence (AI) refers to the technology that enables computers and machines to simulate human intelligence and problem-solving capabilities to perform the cognitive functions usually associated with human minds. In general, AI systems work by ingesting large amounts of data with fast, iterative processing and intelligent algorithms. It then analyzes the data using neural networks for correlations and patterns and allows the software to learn automatically from these patterns to make predictions. Broadcom is evolving a broad portfolio of technologies to extend its leadership in enabling next-generation AI infrastructure. This includes foundational technologies and advanced packaging capabilities aimed at building the highest performance, lowest power custom AI accelerators. AVGO stock currently sports a favorable Zacks Rank #2 (Buy), with its earnings outlook shifting bullishly for its current fiscal year. Its recent set of quarterly results brought several positives, with AI revenue of $4.1 billion melting 77% higher year-over-year. The quarter's results were driven by robust demand for its AI solutions, with the company forecasting AI semiconductor revenue of $4.4 billion for Q2. Keep in mind that the stock is set to report quarterly results this week, with current consensus expectations indicating 42% year-over-year EPS growth on 20% higher sales. The company's sales have remained strong over recent periods thanks to the above-mentioned AI frenzy, as shown below. Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you. Upon running the Zacks Artificial Intelligence Thematic screen, top-ranked Broadcom was returned. For those interested in viewing all the Thematic lists, please click here >>> Thematic Screens – Zacks Investment Research. Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report Trend Micro Inc. (TMICY) : Free Stock Analysis Report IPG Photonics Corporation (IPGP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
3 days ago
- Business
- Globe and Mail
Bull of the Day: Trend Micro (TMICY)
Trend Micro TMICY has joined the growing number of cybersecurity stocks that have gained traction, including CrowdStrike CRWD, CyberArk Software CYBR, Palo Alto Networks PANW, and Zscaler ZS. Outside of Zscaler, Trend Micro has outperformed most of its popular cybersecurity peers this year and is sitting on gains of over +40%. Offering endpoint, messaging, and web security software, what further separates Trend Micro is its more reasonable valuation, although the growth of these popular cybersecurity firms is starting to justify their premiums to the broader market. That said, Trend Micro's strong financial results and strategic growth initiatives are very compelling, with TMICY sporting a Zacks Rank #1 (Strong Buy) and landing the Bull of the Day. Vision One Expansion At the forefront of Trend Micro's expansion is its Vision One unified cybersecurity platform, which is designed to provide advanced threat detection, risk management, and security automation across multiple environments for the enterprise. Simplifying security operations for businesses while providing proactive risk management, Trend Micro serves over 10,000 large enterprise customers worldwide, with Vision One being widely adopted by financial institutions, healthcare organizations, and government agencies. Highlighted as a leading XDR platform (Extended Detection and Response), enterprises have flocked to Trend Vision One because of the platform's ability to adapt to AI-driven threats, using machine learning to detect and respond to sophisticated cyberattacks. It's also noteworthy that Vision One protects cloud-native applications and digital workloads, putting Trend Micro in a prime position to compete with Palo Alto Networks, Zscaler, and other cloud security leaders. Trend Micro's Strategic Partnerships Also contributing to Trend Micro's expansion is that it has multiple partnerships across various industries, including with cloud providers, other cybersecurity firms, and managed service providers: Microsoft MSFT – Integrates Trend Micro's security solutions with Azure for enhanced cloud protection. Amazon's AMZN AWS – Collaborates on cloud security and threat intelligence for AWS customers. Alphabet's GOOGL Google Cloud – Works together on AI-driven cybersecurity and cloud-native security solutions. Cisco Systems CSCO – Partners on network security and endpoint protection. VMware – Provides virtualization security for VMware environments. Consumer Business Expansion & Sales Growth Outside of traditional cybersecurity for the enterprise, Trend Micro's Scam Check Tool had 16,000 active users during Q1, boosting its consumer revenue by 14% from the prior year quarter. Based on Zacks' estimates, Trend Micro's total sales are expected to be up 10% in fiscal 2025 and are projected to rise another 6% in FY26 to $2.11 billion. Notably, FY26 sales projections would represent 22% growth over the last five years, with Trend Micro's top line more than doubling over the last decade in correlation with the need to combat the rising number of cyber threats. Positive EPS Revisions & Reasonable Valuation Most suggestive of more upside in Trend Micro stock is that FY25 and FY26 EPS estimates are up over 3% and 7% in the last 30 days, respectively. Trend Micro's annual earnings are now expected to spike 30% this year to $2.05 per share, versus EPS of $1.57 in 2024. Plus, FY26 EPS is projected to rise another 16%. Making the positive EPS revisions very enticing is that TMICY trades at 37.4X forward earnings, with the next cheapest P/E valuation among its afore-noted cybersecurity peers being Zscaler at 95.5X. In terms of price to sales, Trend Micro also stands out with a forward P/S ratio of 5.4X, which is near the S&P 500 with CrowdStrike, CyberArk, Palo Alto, and Zscaler all trading at a least 14X or more. Bottom Line While many cybersecurity stocks are intriguing at the moment, investors who may be keeping their risk tolerance in mind could be more comfortable selecting Trend Micro. With its consumer business expansion supporting the growth of the popular Trend Vision One platform, more upside for TMICY looks justified at current levels when considering the premium investors are paying for cybersecurity stocks. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Trend Micro Inc. (TMICY): Free Stock Analysis Report Inc. (AMZN): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report Zscaler, Inc. (ZS): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis Report
Associated Press
20-03-2025
- Business
- Associated Press
Ingevity Files Definitive Proxy Statement and Issues Letter to Stockholders
NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Mar 20, 2025-- Ingevity Corporation (NYSE: NGVT) today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connection with its 2025 Annual Meeting of Stockholders (the 'Annual Meeting'), which will be held on April 30, 2025 at 9:30 a.m. (Eastern). All Ingevity stockholders of record as of the close of business on March 3, 2025 will be entitled to vote at the meeting. In conjunction with the filing of the definitive proxy, Ingevity's Board of Directors issued a letter to stockholders recommending that they vote for Ingevity's nine highly qualified and engaged directors on the WHITE proxy card - Jean S. Blackwell, Luis Fernandez-Moreno, Diane H. Gulyas, Bruce D. Hoechner, Frederick J. Lynch, Karen G. Narwold, Daniel F. Sansone, J. Kevin Willis and Benjamin G. (Shon) Wright. The Company also launched a website including voting instructions and other resources for stockholders. Highlights from the letter include: Under the leadership of Ingevity's Board and management team, the Company has undertaken a series of fundamental changes to the business in response to external market challenges. Ingevity has seen the impact of these changes through its strong 2024 financial results and recent stock price performance, setting the Company up for continued momentum in 2025. Ingevity's Board has provided strong oversight and continued to evolve the Company's leadership with the recent appointment of David H. Li as Ingevity's next President and CEO, effective April 7. The Company has made meaningful efforts to reach a constructive resolution and avoid a proxy fight with Vision One, but Vision One has rejected these efforts in favor of seeking the election of two nominees who have never served as public company directors or as senior executives of a publicly-traded company and have no experience in the specialty chemicals industry. The Company encourages stockholders to vote 'FOR' ONLY Ingevity's nine directors to support the decisive actions taken by the Board and management that are driving strong performance and momentum to deliver more stockholder value, and to send a message to Vision One to drop its wasteful and unnecessary proxy fight. The full text of the letter to stockholders follows: Dear Ingevity Stockholders, We are writing to provide you a brief update regarding a number of important developments at Ingevity. Beginning in 2022, unprecedented increases in crude tall oil ('CTO') costs combined with demand softness in our primary end markets negatively impacted our Industrial Specialties business, our results and our ability to deliver value to our stockholders. Significant and decisive action was required. In response to these external market challenges, the Ingevity Board of Directors and management team have undertaken a series of fundamental changes to the business: Rationalized our physical footprint with the closure of our DeRidder and Crossett facilities; Terminated long-term CTO supply agreements and diversified our raw material streams, enhancing our ability to better manage the cost and timing of key raw material purchases; Exited lower margin, cyclical end markets in the Performance Chemicals segment, sharpening our focus on our higher value businesses; Announced a comprehensive review of our portfolio and formal strategic alternatives process for a majority of our Industrial Specialties business and our North Charleston CTO refinery; and Continued to enhance execution in Performance Materials and aligned the business to serve vehicles that require more advanced carbon technology. The Impact on our Business Our ability to execute these transformational changes swiftly and successfully across multiple fronts is a tribute to the entire Ingevity team. The positive impact on our business is being demonstrated in our financial results. In 2024, we delivered: Revenues of $1.4+ billion – the third highest year in our history Adjusted EBITDA of $362+ million – at a 26% Adj. EBITDA margin – beating consensus by ~3% Cost savings of $84 million – above an anticipated $65-75 million Free cash flow of $51 million – well above prior guidance and facilitating the Company's continued prioritization of debt reduction We expect further progress in 2025, as we project 10-14% adjusted EBITDA growth, free cash flow that is approximately 4-5x our 2024 level, additional cost savings of $10-25 million and a reduction of our net debt ratio to less than 2.8x (from 3.5x at year-end 2024). Moreover, we are confident in our ability to continue to deliver stock price outperformance beyond the upward trajectory of Ingevity's stock since we first announced our search for a new permanent CEO on October 3, 2024. Since that time, we have delivered 18% total stockholder returns, significantly outperforming the S&P 400 Chemicals Index and the broader market 1. A key driver of our successful execution and continuing momentum has been the leadership of Luis Fernandez-Moreno, an Ingevity director who has served as interim CEO during this important period. As a director and interim CEO, Mr. Fernandez-Moreno has continued to drive execution of the business, announced a comprehensive portfolio review and focused on recruiting top management talent with proven track records in executing strong stockholder value creation. On March 10, the Company announced it had successfully concluded its CEO search with the appointment of David H. Li, the former President and CEO of CMC Materials, as our next President and CEO, effective April 7, 2025. While at CMC, David delivered ~300% total shareholder returns as compared to ~78% for the S&P 400 2, ~ 16% cumulative annual revenue growth 3 and ~14% cumulative annual operating profit growth 3 – and led the $6.5 billion sale to Entegris at a 35% premium 4. We are confident he is the right leader to drive our business forward. In addition, on March 12, Ingevity announced the appointment of Michael Shukov, who had previously served as managing director at PPG Industrial Coatings, EMEA, as Ingevity's new Senior Vice President and President of Advanced Polymer Technologies. These leadership appointments give us confidence that the future is bright for Ingevity and its stockholders. Recent commentators have recognized our strong trajectory 5: 'Given the significant/heavy lifting that NGVT has done in repositioning its portfolio away from the CTO volatility seen over the past few years, we are looking for 2025 to be a major year of inflection for NGVT's earnings.' – BMO Capital Markets 2.26.25 'We remain encouraged by Ingevity's restructuring progress under interim CEO Luis Fernandez-Moreno, which is yielding faster than expected improvements in profitability and especially cash flow.' – CJS Securities 2.24.25 Vision One's Proxy Fight Vision One first reached out to Ingevity in November 2024 and later nominated four directors for election to the Ingevity Board, including Courtney Mather, its founder, CEO and Chief Investment Officer. Our Board assessed Vision One's nominees and determined, particularly in light of the current initiatives and portfolio review underway, that they lack experience in the specialty chemicals sector or as executive officers of a public company, and do not have meaningful operational or capital allocation expertise in public company operating roles. In an effort to avoid a potential proxy fight at an important inflection point for the Company, we proposed to Vision One that we would be willing to work with them to identify a director with the expertise necessary to oversee our business and strategy and to most effectively serve our stockholders. We also invited Vision One to present to our Board. Vision One rejected our offers to present to the Board and insisted we appoint its candidates to the Board or face a proxy fight, and ultimately launched their campaign. Following our appointment of Mr. Li, we again reached out to Vision One to reiterate our settlement proposal. Mr. Mather insisted instead that the only acceptable solution was the appointment of one of the Vision One insiders. The Board concluded that such an appointment would not be in the best interests of all Ingevity stockholders. 6 Vision One has since reduced its slate to two nominees, Julio Acero, age 34, who works for Mr. Mather at Vision One as an investment analyst and director, and F. David Segal, age 55, who was previously a vice president at International Paper and portfolio manager at Franklin Mutual. Neither candidate has served as a public company director or a senior executive of a publicly-traded company and neither has experience in the specialty chemicals industry. The Board also determined through interviews and its established director nominee review process, that both Mr. Acero and Mr. Segal do not have meaningful operating, capital allocation or portfolio management experience in public company senior roles that would supplement the skills of the current Board. In support of its campaign, Vision One predicates its attacks in part on director 'entrenchment.' However, our Board is committed to refreshment, as three new independent directors have been added in the last three years, the average director tenure is less than six years and not a single Ingevity director has been on the Board for over 10 years. Vision One also attacks Ingevity's past performance. While the Company has faced pressure due to external market challenges, the Board has been taking decisive actions to address those issues, such as transforming segments of our business and performing a strategic review of our portfolio – which first began in March 2024, long before Vision One first contacted the Company – to continue to deliver outperformance. The Path Forward We look forward to continuing to engage with our stockholders and providing you with further updates on our progress. We will continue to seek a constructive resolution to Vision One's unnecessary and wasteful proxy fight, particularly as our new CEO begins his role, but only if it is in the best interests of Ingevity. We know that we have more work ahead of us, but Ingevity has promising opportunities ahead and we believe we are on the right path to unlock significant additional stockholder value by executing our strategy. Sincerely, The Ingevity Board of Directors Your vote is very important. No matter how many shares you own! please call the Company's proxy solicitor: Innisfree M&A Incorporated 501 Madison Avenue, 20th Floor New York, New York 10022 +1 (877) 687-1874 (toll free from the U.S. or Canada) +1 (412) 232-3651 (from other countries) __________________________________ 1 TSR calculated based on stock price performance from 10/3/24 to 3/19/25 and assumes reinvestment of all dividends 2 From appointment on Jan 1, 2015 to Jul 5, 2022, the last trading day prior to the close of sale to Entegris 3 From Fiscal Year 2014 to Q2 Fiscal Year 2022 LTM 4 Premium at announcement over CMC Materials closing stock price as of Dec 14, 2021, day before announcement of Entegris acquisition 5 Permission to use quotes neither sought nor obtained 6 Additional details regarding Ingevity's engagement with Vision One is described in a previous letter to Ingevity stockholders ( and in the Company's definitive proxy statement filed with the SEC Ingevity: Purify, Protect and Enhance Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in three reporting segments: Performance Materials, which includes activated carbon; Advanced Polymer Technologies, which includes caprolactone polymers; and Performance Chemicals, which includes specialty chemicals and road technologies. Our products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, certified biodegradable bioplastics, coatings, elastomers, pavement markings and automotive components. Headquartered in North Charleston, South Carolina, Ingevity operates from 24 locations around the world and employs approximately 1,600 people. The company's common stock is traded on the New York Stock Exchange (NYSE:NGVT). For more information, visit Forward-Looking Statements This communication contains 'forward looking statements' within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words 'will,' 'plans,' 'intends,' 'targets,' 'expects,' 'outlook,' 'guidance,' 'believes,' 'anticipates' or similar expressions. Forward looking statements may include, without limitation, anticipated timing, results, charges and costs of any current or future repositioning of our Performance Chemicals segment, including the announced review of strategic alternatives for the Industrial Specialties product line and North Charleston, South Carolina crude tall oil refinery, the oleo-based product refining transition, closure of our plants in Crossett, Arkansas and DeRidder, Louisiana; leadership transitions within our organization; the potential benefits of any acquisition or investment transaction, expected financial positions, guidance, results of operations and cash flows; financing plans; business strategies and expectations; operating plans; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; litigation-related strategies and outcomes; and markets for securities. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward looking statements, or that could cause other forward looking statements to prove incorrect, include, without limitation, charges, costs or actions, including adverse legal or regulatory actions, resulting from, or in connection with, the current or future repositioning of our Performance Chemicals segment, including the announced review of strategic alternatives for the Industrial Specialties product line and North Charleston, South Carolina crude tall oil refinery, the oleo-based product refining transition, closure of our plants in Crossett, Arkansas and DeRidder, Louisiana; losses due to resale of crude tall oil at less than we paid for it; leadership transitions within our organization; adverse effects from general global economic, geopolitical and financial conditions beyond our control, including inflation and the Russia Ukraine war and conflict in the middle east; risks related to our international sales and operations; adverse conditions in the automotive market; competition from substitute products, new technologies and new or emerging competitors; worldwide air quality standards; a decrease in government infrastructure spending; adverse conditions in cyclical end markets; the limited supply of or lack of access to sufficient raw materials, or any material increase in the cost to acquire such raw materials; issues with or integration of future acquisitions and other investments; the provision of services by third parties at several facilities; supply chain disruptions; natural disasters and extreme weather events; or other unanticipated problems such as labor difficulties (including work stoppages), equipment failure or unscheduled maintenance and repair; attracting and retaining key personnel; dependence on certain large customers; legal actions associated with our intellectual property rights; protection of our intellectual property and other proprietary information; information technology security breaches and other disruptions; complications with designing or implementing our new enterprise resource planning system; government policies and regulations, including, but not limited to, those affecting the environment, climate change, tax policies, tariffs and the chemicals industry; losses due to lawsuits arising out of environmental damage or personal injuries associated with chemical or other manufacturing processes; and the other factors detailed from time to time in the reports we file with the Securities and Exchange Commission (the 'SEC'), including those described in Part I, Item 1A. Risk Factors in our most recent Annual Report on Form 10 K as well as in our other filings with the SEC. These forward looking statements speak only to management's beliefs as of the date of this communication. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward looking statements contained in this communication. Additional Information and Where to Find It In connection with Ingevity's 2025 annual meeting of stockholders (the '2025 Annual Meeting'), Ingevity filed on March 20, 2025 with the Securities and Exchange Commission ('SEC') a definitive proxy statement on Schedule 14A (the 'Proxy Statement'), containing a form of WHITE proxy card. This communication is not a substitute for the Proxy Statement or any other document that Ingevity has filed or may file with the SEC in connection with any solicitation by Ingevity. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY INGEVITY AND ALL OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. These documents, including the Proxy Statement (and any amendments or supplements thereto) and other documents filed by Ingevity with the SEC, are available free of charge at the SEC's website at and at Ingevity's investor relations website at Participants in the Solicitation Ingevity, its directors and certain of its executive officers and other employees may be deemed to be participants in the solicitation of proxies from Ingevity stockholders in connection with the matters to be considered at the 2025 Annual Meeting. Information regarding such participants and their respective interests in Ingevity by security holdings or otherwise is set forth in the section entitled 'Appendix C: Supplemental Information Regarding Participants in the Solicitation' in the Proxy Statement, which was filed with the SEC on March 20, 2025. Additional information regarding the interests of these participants in the solicitation of proxies in respect of the 2025 Annual Meeting and other relevant materials will be filed with the SEC when they become available. These documents are or will be available free of charge at the SEC's website at Caroline Monahan 843-740-2068 [email protected] Brickman / Greg Klassen Joele Frank, Wilkinson Brimmer Katcher 212-355-4449Investors: John E. Nypaver, Jr. 843-740-2002 [email protected] INDUSTRY KEYWORD: PACKAGING CHEMICALS/PLASTICS OTHER MANUFACTURING MANUFACTURING SOURCE: Ingevity Corporation Copyright Business Wire 2025. PUB: 03/20/2025 05:34 PM/DISC: 03/20/2025 05:35 PM
