Innospec(IOSP)2025-02-19 11:09Financial Performance - Total revenues for Q4 2024 were 494.7 million in Q4 2023[3] - Net loss for Q4 2024 was 2.80 per diluted share, compared to net income of 1.51 per diluted share in the prior year[3] - Adjusted non-GAAP EPS for Q4 2024 was 1.84 per diluted share a year ago[4] - For the full year 2024, total revenues were 1.95 billion in 2023[6] - Full year net income for 2024 was 1.42 per diluted share, compared to 5.56 per diluted share in 2023[6] Segment Performance - Performance Chemicals revenues increased by 23% to 20.6 million[12] - Fuel Specialties revenues rose by 5% to 34.9 million[13] - Oilfield Services revenues decreased by 40% to 7.5 million[14] - Performance Chemicals segment net sales increased by 23.3% to 137.2 million in Q4 2023[24] - Fuel Specialties segment net sales rose to 182.1 million in Q4 2023[24] - Oilfield Services segment net sales decreased significantly by 39.7% to 175.4 million in Q4 2023[24] Cash Flow and Assets - Cash generated from operations for Q4 2024 was 289.2 million as of December 31, 2024[4][16] - Cash and cash equivalents at the end of Q4 2024 were 203.7 million at the end of Q4 2023[29] - Total assets increased to 1,707.4 million in Q4 2023[27] Operational Highlights - Operating income for the full year 2024 increased to 161.6 million in 2023[23] - Adjusted EBITDA for the full year 2024 was 216.0 million in 2023[25] Strategic Initiatives - The company plans to pursue M&A opportunities that complement its geographic, technology, and end-market footprint[18]