Innospec Approves New $50MM Share Repurchase Program

Group 1 - Innospec Inc. has announced a new $50 million share repurchase program, following the expiration of its previous program in Q1 2025 [1] - The company has over $289 million in net cash, indicating strong balance sheet strength and flexibility for future mergers and acquisitions, organic investments, dividend growth, and share repurchases [1] - Share repurchases will be conducted at management's discretion [1] Group 2 - Innospec Inc. is an international specialty chemicals company with approximately 2,450 employees across 22 countries [2] - The company manufactures and supplies a diverse range of specialty chemicals for various markets, including Personal Care, Home Care, Agrochemical, Mining, and Industrial sectors [2] - Innospec's Fuel Specialties business focuses on fuel additives that enhance fuel efficiency, engine performance, and reduce harmful emissions [2] - The Oilfield Services segment provides specialty chemicals for the oil and gas exploration and production industry [2]