The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: John McNulty - BMO Capital Markets - Analyst
: Yeah, good morning. Thanks for taking my question and Dave, congratulations on the role. Great to have you in the seat. So, I guess first we wanted
to just -- Sure, just wanted to dig into the performance materials business. Can you speak to the pricing that you're seeing right now, and where
you might be looking to take that, given some of the issues you spoke to about tariffs and working around some of the tariff issues?
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MAY 06, 2025 / 1:00PM, NGVT.N - Q1 2025 Ingevity Corp Earnings Call
Question: John McNulty - BMO Capital Markets - Analyst
: Got it. Okay, no that's very helpful. And then just as a follow up question on the strategic review of the inspect business I guess can you give us a
little bit more color on the update or progress there, and also for the potential for that.
Review to maybe be broadened it looks like you're -- you may may be taking this toward the end of the year I think Mary you said in your commentary,
seems like a bit longer than normal to kind of think about a strategic review so maybe you can give us an update on that as well?
Question: Jon Tanwanteng - CJS Securities, Inc - Analyst
: Good morning. Thank you for taking my question (inaudible) on the next quarter, and also David to you for the, appointment to the CEO position.
If you could, I was wondering if you could talk about your strategic and operational priorities, especially in a volatile environment, compared to
your predecessors and how it might be different?
Question: Jon Tanwanteng - CJS Securities, Inc - Analyst
: Great, thank you. Mary, if you could touch on the cash flow for the year, what lets you keep the forecast with a little bit more, I guess, in that range
on the earnings, especially if the auto comes in at the low end.
Question: Jon Tanwanteng - CJS Securities, Inc - Analyst
: Great. Thank you. And then if I could sneak one more and just, you mentioned an (inaudible) slowdown which is pretty apparent. I was just wondering
how much does that impact your forecast internally versus I guess the 10% down on the industry and furthermore, how does that impact the
investment on (inaudible)
Question: Jon Tanwanteng - CJS Securities, Inc - Analyst
: Great. Thank you.
Question: Daniel Rizzo - Jefferies LLC - Analyst
: Good morning everyone. Thanks for thanks for taking my question. You mentioned that maybe shifting to the filtration market if there is more
weakness within auto. I was wondering if how big the filtration market is and if it's large enough to kind of handle the shift in volumes or if it's kind
of more of a partial offset.
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MAY 06, 2025 / 1:00PM, NGVT.N - Q1 2025 Ingevity Corp Earnings Call
Question: Daniel Rizzo - Jefferies LLC - Analyst
: When you say lower margin, is it, is, I mean, can you quantify what you're talking about really?
Question: Daniel Rizzo - Jefferies LLC - Analyst
: Okay. Thanks for the clarification. And then you mentioned getting down to less than 2.8 times leverage by the end of the year. I was wondering
if there's what the long term goal is, or if that's changed at all in, I don't know, in recent times.
Question: Daniel Rizzo - Jefferies LLC - Analyst
: Thank you very much.
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