Ingevity Corporation (NYSE:NGVT) Q4 2019 Earnings Conference Call - Final Transcript

Feb 20, 2020 • 10:00 am ET


Ingevity Corporation (NYSE:NGVT) Q4 2019 Earnings Conference Call - Final Transcript


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Greetings. Welcome to the Ingevity Fourth Quarter and Full Year Webcast and Conference Call. [Operator Instructions]

I will now turn the conference over to our host, Jack Maurer, Vice President - Communications. Thank you. You may begin.

Jack Maurer

Thank you, Diego. Good morning, everyone.

Welcome to Ingevity's fourth quarter 2019 earnings conference call. We appreciate your flexibility in joining us on short notice. My name is Jack Maurer, and I'm standing in this morning for Dan Gallagher, who is traveling this week.

If you have any questions after this morning's call, you can reach out to me. My contact information is included on this morning's news release.

Earlier this morning, we posted a presentation on to the Investors section of our website. If you haven't already done so, I would encourage you to download this file so you can follow along on the call. You can find it by visiting under Events and Presentations. For participants who are logged into our webcast, the slides should be visible in the online viewing pane and also available to download.

On slide number 2 of that deck you'll see our disclaimer that today's earnings call may contain forward-looking statements. Relevant factors that could cause actual results to differ materially from these forward-looking statements are contained in our earnings release and in our SEC filings, including our Form 10-K and our most recent Form 10-Q. Ingevity undertakes no obligation to publicly release any revision to the projections and forward-looking statements made during this call or to update them to reflect events or circumstances occurring after the date of this call.

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 financial measures are included in our earnings release and can be found on the Investor Relations section of our website.

Our agenda is on slide 3. With me today are Michael Wilson, President and CEO; and John Fortson, Executive Vice President and CFO. First, Michael will comment on the highlights of the quarter and full year and review the performance of our two segments. He will then discuss our automotive gasoline vapor emissions control business and steps we're taking to maintain our leadership position in this application. John will discuss our current financial status. Then Michael will return to discuss how we performed this year versus our commitments and provide some perspectives and guidance for 2020. We'll then open the line for questions. Mike Smith, President of Performance Chemicals; and Ed Woodcock, President of Performance Materials, would join the call for Q&A.

With that, I'll turn the call over to Michael.

Michael Wilson

Thanks, Jack.

Good morning, everyone. Thank you for joining us this morning. We appreciate your interest in Ingevity. Before we dive into the results, just a heads up that our prepared remarks this morning will be a bit longer than usual as we have a lot of ground we would like to