Innospec Inc

IOSP

Equity

ISIN US45768S1050 / Valor 2429839

NASDAQ (2024-12-24)

USD 111.32+1.82%

Innospec Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Innospec Inc is a global company that operates in twenty-two countries, providing chemicals, additives, and formulations for various markets such as agrochemicals, construction, fuel, home care, metal extraction, oilfield, personal care, polymers, and waxes. Their products cater to a wide range of industries, offering solutions to meet the diverse needs of their customers. With manufacturing plants and research centers around the world, Innospec is committed to delivering high-quality products and services to support the growth and success of their clients.

Summarized from source with an LLMView SourceSector: Industrials

Operating Income Growth

Innospec Inc. reported a 23 percent increase in operating income for the first quarter of 2024, driven by strong contributions from its Performance Chemicals segment. This growth reflects the company's ability to expand its margins and improve its overall financial performance.

Cash Generation and Net Cash Position

Innospec Inc. generated $80.6 million in cash from operations during the first quarter of 2024. The company's net cash position improved to $270.1 million, highlighting its strong cash flow and financial stability.

Dividend Increase

Innospec Inc. announced a 10 percent increase in its semi-annual dividend, raising it to 76 cents per common share. This dividend will be paid on May 31, 2024, to shareholders of record on May 20, 2024, demonstrating the company's commitment to returning value to its shareholders.

Earnings Per Share

For the first quarter of 2024, Innospec Inc. reported GAAP earnings per share (EPS) of $1.65 and adjusted non-GAAP EPS of $1.75. This represents a significant improvement compared to the same period last year, where GAAP EPS was $1.33 and adjusted non-GAAP EPS was $1.38.

Revenue and Net Income

Innospec Inc.'s total revenues for the first quarter of 2024 were $500.2 million, a slight decrease of 2 percent from $509.6 million in the corresponding period last year. However, net income for the quarter increased to $41.4 million, or $1.65 per diluted share, compared to $33.2 million, or $1.33 per diluted share, in the same period last year.

Summarized from source with an LLMView Source

Key figures

-10.1%1Y

24.4%3Y

7.48%5Y

Performance

28.3%1Y

27.1%3Y

35.3%5Y

Volatility