Ingevity Corp Revenue Disclosure
| Years Ended December 31, | |||||||||||||||||
| In millions | 2025 | 2024 | 2023 | ||||||||||||||
| Performance Materials segment | $ | 606.9 | $ | 609.6 | $ | 586.0 | |||||||||||
| Pavement Technologies product line | 302.6 | 300.9 | 312.1 | ||||||||||||||
| Road Markings product line | 97.9 | 101.0 | 113.4 | ||||||||||||||
| Performance Chemicals segment | $ | 400.5 | $ | 401.9 | $ | 425.5 | |||||||||||
| Advanced Polymer Technologies segment | $ | 160.2 | $ | 188.6 | $ | 204.0 | |||||||||||
| Net sales | $ | 1,167.6 | $ | 1,200.1 | $ | 1,215.5 | |||||||||||
| Years Ended December 31, | |||||||||||||||||
| In millions | 2025 | 2024 | 2023 | ||||||||||||||
North America (1) | $ | 665.1 | $ | 651.5 | $ | 672.7 | |||||||||||
Asia Pacific (1) | 298.5 | 325.0 | 323.3 | ||||||||||||||
| Europe, Middle East, and Africa | 158.9 | 172.4 | 179.9 | ||||||||||||||
| South America | 45.1 | 51.2 | 39.6 | ||||||||||||||
| Net sales | $ | 1,167.6 | $ | 1,200.1 | $ | 1,215.5 | |||||||||||
| Year Ended December 31, | |||||||||||
| In millions | 2025 | 2024 | |||||||||
| Contract asset at beginning of period | $ | 6.5 | $ | 11.2 | |||||||
| Additions | 15.6 | 15.3 | |||||||||
| Reclassification to accounts receivable, billed to customers | (15.2) | (20.0) | |||||||||
Contract asset at end of period (1) | $ | 6.9 | $ | 6.5 | |||||||
| _______________ | |||||||||||
| (1) Included within "Prepaid and other current assets" on the consolidated balance sheets. | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 20, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.