Innospec(US:IOSP)2025-05-09 11:10Financial Performance Overview - Q1 2025 consolidated revenue decreased by 12 percent[12] - Q1 2025 gross margin decreased by 2.7 percentage points[12] - Q1 2025 operating income decreased by 16 percent[12] - Q1 2025 adjusted EBITDA decreased by 16 percent[12] - Q1 2025 adjusted EPS was $1.42[12] - The company has $299.8 million in net cash[6, 28] Segment Performance - Performance Chemicals revenue increased by 5 percent, with volumes up 5 percent and price/mix up 3 percent; operating income decreased by 6 percent[15] - Fuel Specialties revenue decreased by 4 percent, but operating income increased by 10 percent; gross margin increased by 1.4 percentage points[16, 18] - Oilfield Services revenue decreased by 37 percent, with operating income down 76 percent; gross margin decreased by 6.9 percentage points[19, 21] Corporate & Balance Sheet - Corporate costs decreased due to lower performance-related remuneration[25] - The effective tax rate was 26.1 percent[25] - Operating cash inflow was $28.3 million, with capital expenditures of $15.5 million[28]