Innospec Inc. (IOSP) recorded a profit of $31.2 million or $1.24 per share in second-quarter 2024, up from a profit of $28.9 million or $1.16 per share in the year-ago quarter. Barring one-time items, earnings came in at $1.39 per share, up from $1.28 per share a year ago. It topped the Zacks Consensus Estimate of $1.37. The company's revenues fell roughly 9% year over year to $435 million in the quarter. It missed the Zacks Consensus Estimate of $479.2 million. IOSP saw continued strong results in its Perf ...

Innospec, Inc. (NASDAQ:IOSP) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants David Jones - General Counsel & Chief Compliance Officer Ian Cleminson - EVP & CFO Patrick Williams - President & CEO Conference Call Participants David Silver - CL King & Associates Jon Tanwanteng - CJS Securities Operator Good day, and thank you for standing by. Welcome to the Innospec Second Quarter 2024 Earnings Release Conference Call and Webcast. [Operator Instructions] Please note that today' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |----------------------------------------------------------------------------|------------------------------------------| | For the transition period from to | | | Commission file number ...

PRESS RELEASE INNOSPEC REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Performance Chemicals operating income more than doubles on personal care growth Fuel Specialties operating income up double digits with margin expansion As expected, Oilfield Services results impacted by lower production chemical activity Debt-free balance sheet with over $240 million in net cash GAAP EPS $1.24 and adjusted non-GAAP EPS $1.39 Englewood, CO – August 6, 2024 – Innospec Inc. (NASDAQ: IOSP) today announced its financial resul ...

Innospec (IOSP) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.46%. A quarter ago, it was expected that this specialty chemicals company would post earnings of $1.64 per share when it actually produced earnings of $1.75, delivering a surprise of 6.71%. Over the last four quarters, ...

Performance Chemicals operating income more than doubles on personal care growth Income before income taxes Income before income taxes Net income Diluted EPS Net income Diluted EPS (in millions, except share and per share data) Reported GAAP amounts $ 43.7 $ 31.2 $ 1.24 $ 36.6 $ 28.9 $ 1.16 Amortization of acquired intangible assets 3.2 2.4 0.10 2.6 2.0 0.08 Legacy costs of closed operations 0.8 0.6 0.02 0.9 0.7 0.03 Adjustment to fair value of contingent consideration 0.6 0.4 0.02 - - - Adjustment of incom ...

IOSP's rally appears to be driven by the optimism over the strong momentum in its Performance Chemicals segment, which is benefiting from strong volume growth. The company is also benefiting from the acquisition of QGP Quimica Geral in Brazil, which has expanded its global footprint and manufacturing capabilities and enhanced customer service in South America. The acquisition aligns with IOSP's M&A strategy, bolstering the Performance Chemicals segment and establishing a manufacturing base in South America. ...

Image Source: Zacks Investment Research Innospec Inc.'s (IOSP) shares have gained 18.9% in the past year. The company also outperformed the industry's fall of 13.5%. Let's take a look at the factors driving the stock's price appreciation. Strategic Expansion and QGP Acquisition Fuel Optimism Innospec, carrying a Zacks Rank #3 (Hold), is capitalizing on its robust Performance Chemicals segment and strategic growth initiatives. The company is dedicated to advancing technology development and enhancing margins ...

The public is invited to listen to the conference call by registering in advance using the below Online Registration Link. Upon registering, each participant will receive an email confirmation with dial-in numbers and a unique Personal PIN which can be used to join the conference 5-10 minutes prior to the start time. An audio webcast of the conference call will run simultaneously on the company's website at www.innospec.com. The relevant link as well as the slide presentation for the conference call will be ...

Online Registration Link: https://register.vevent.com/register/BI8dc2504c340340558385a9bb4360b6e0 Innospec Inc. is an international specialty chemicals company with approximately 2,400 employees in 22 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Performance Chemicals business creates innovative technology-based solutions for our customers in the Personal Care, Home Care, Agrochemical, Minin ...