Innospec reports Q1 revenue up 8% to $509.6M; GAAP EPS $1.33, adjusted EPS $1.38

INNOSPEC INC.

2023-Q1 EPS reported $1.33 revenue$509,600,000

Revenue $509.6M (+8% YoY) driven by strong Oilfield Services growth.
GAAP EPS $1.33 vs $1.46; adjusted non-GAAP EPS $1.38 vs $1.53.
EBITDA of $53.9M compared to $59.0M in prior-year quarter.
Semi-annual dividend increased 10% to $0.69/share, payable May 31 to holders of record May 22.
Operating cash flow $21.8M; net cash at quarter end $147.5M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

INNOSPEC INC. reported the fiscal quarter ended March 31, 2023 results: revenue $509.6 million, net income $33.2 million or $1.33 per diluted share, EPS $1.33 per diluted share.

Period: the fiscal quarter ended March 31, 2023
Revenue: $509.6 million
Net income: $33.2 million or $1.33 per diluted share
EPS: $1.33 per diluted share
Result: reported results

Exact text from the filing

Total revenues for the first quarter were $509.6 million, an increase of 8 percent from $472.4 million in the corresponding period last year. Net income for the quarter was $33.2 million or $1.33 per diluted share compared to $36.5 million or $1.46 cents per diluted share recorded last year.

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Source: SEC EDGAR

accession 0001193125-23-134590

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