John Fortson

“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.”

“Performance Materials' revenue and EBITDA were both up strongly and the segment generated margins close to 54%, exceeding expectations and executing well. This performance is a result of a lot of hard work by the PM team.”

“On slide 4, you can see what our highlights of Ingevity's 2023. In a challenging year, our most profitable businesses performed incredibly well. As you all know, the broader industrial markets experienced a major downturn last year and we were not immune.”

“As you know, we made an announcement last night to reposition and restructure the company, and this includes the closure of our DeRidder, Louisiana facility, among other actions.”

“On slide four you can see our highlights for Q2. The team delivered double-digit revenue growth while maintaining mid-20s EBITDA margins, a great outcome in this environment.”