Ingevity Corporation (NYSE:NGVT) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET

Company Participants

John Nypaver - VP, Treasurer & IR
John Fortson - President, CEO & Director
Mary Hall - CFO, EVP & Treasurer

Conference Call Participants

John McNulty - BMO Capital Markets
Daniel Rizzo - Jefferies
Jonathan Tanwanteng - CJS Securities
Mike Sison - Wells Fargo

Operator

Good morning all and thank you all for attending the Ingevity Second Quarter 2024 Earnings Call and Webcast. My name is Brika, and I will be your moderator today. [Operator Instructions].

I would now like to pass the conference over to your host, John Nypaver from Ingevity to begin. So you may proceed, John.

John Nypaver

Thank you, Brika. Good morning and welcome to Ingevity's second-quarter 2024 earnings call. Earlier this morning, we posted a presentation on our investor site that you can use to follow today's discussion. It can be found on ir.ingevity.com under Events and Presentations. Also throughout this call, we may refer to non-GAAP financial measures, which are intended to supplement, not substitute for comparable GAAP measures. Definitions of these non-GAAP financial measures and reconciliations to comparable GAAP measures are included in our earnings release and are also in our most recent Form 10-K.

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.

Our agenda is on slide 3. Our speakers today are John Fortson, our President and CEO; and Mary Dean Hall, our CFO. Our business leads Ed Woodcock, President of Performance Materials; Rich White, President of Performance Chemicals; and Steve Hume, President of Advanced Polymer Technologies are available for questions and comments.

John will start us off with some highlights for the quarter and an update on our repositioning efforts and Performance Chemicals. Mary will follow with a review of our consolidated financial performance and the business segment results for the second quarter. John will then provide closing comments and discuss 2024 guidance.

With that, over to you, John.

John Fortson

Thanks, John, and hello, everyone. There's lots to talk about in this call. As you have no doubt seen, we announced further repositioning of our Performance Chemicals segment, a process that started last fall with the closure of our DeRidder, Louisiana facility. Mary and I will speak in detail about what we have done, why and where we are going.