Glossary of Financial Measures

Following is a glossary of financial measures which management will often reference when evaluating historical financial performance or providing forward-looking statements. These financial terms are defined using financial statement captions as included within Ingevity's financial statements filed with the Securities and Exchange Commission (SEC) unless otherwise stated.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A
  • Adjusted Earnings (Loss)

    is defined as net income (loss) attributable to Ingevity stockholders plus restructuring and other (income) charges, net, acquisition and other related costs, pension and postretirement settlement and curtailment (income) charges and the income tax expense (benefit) on those items, less the provision (benefit) from certain discrete tax items.

  • Adjusted Earnings (Loss) per Share

    Diluted earnings (loss) per common share attributable to Ingevity stockholders plus restructuring and other (income) charges, net, net per share, acquisition and other related costs per share, pension and postretirement settlement and curtailment (income) charges per share and the income tax expense (benefit) per share on those items, less the per share tax provision (benefit) from certain discrete tax items.

  • Adjusted EBIT

    Net income (loss) plus interest expense, net, provision (benefit) for income taxes, restructuring and other (income) charges, net, and acquisition and other related costs, pension and postretirement settlement and curtailment (income) charges.

  • Adjusted EBITDA

    Net income (loss) plus interest expense, net, provision (benefit) for income taxes, depreciation, amortization, restructuring and other (income) charges, net, acquisition and other related costs, pension and postretirement settlement and curtailment (income) charges.

  • Adjusted EBITDA Margin

    Adjusted EBITDA divided by net sales.

  • Adjusted Tax Rate

    Calculated by dividing the provision for income taxes on Adjusted Earnings by the Adjusted Earnings before income taxes and noncontrolling interests.

top of page
E
  • EBIT

    Net income (loss) plus interest expense, net and provision (benefit) for income taxes

  • EBITDA

    Net income (loss) plus interest expense, net, provision (benefit) for income taxes, depreciation and amortization.

top of page
F
  • Free Cash Flow

    Sum of cash provided (required) by the following items: operating activities less capital expenditures.

top of page
N
  • Net Debt

    The sum of short-term debt, current maturities of long-term debt and long-term debt less the sum of cash and cash equivalents and restricted investment.

  • Net Debt Ratio

    Net Debt divided by last twelve months Adjusted EBITDA.

top of page
R
  • ROA (Return on Assets)

    Last twelve months Adjusted EBIT divided by total assets less cash and cash equivalents.

top of page
S
  • Segment EBITDA

    Segment revenue less segment operating expenses (segment operating expenses consist of costs of sales, selling, general and administrative expenses, other (income) expense, net, excluding depreciation and amortization). We have excluded the following items from segment EBITDA: interest expense associated with corporate debt facilities, income taxes, depreciation, amortization, restructuring and other (income) charges, acquisition and other related costs, pension and postretirement settlement and curtailment (income) charge.

  • Segment EBITDA Margin

    Segment EBITDA divided by Net Segment Sales

top of page