Innospec Q2 revenue up 3% to $480.4M; net income falls to $28.9M on $8M Brazil exit charge

INNOSPEC INC.

2023-Q2 EPS reported $2.48 revenue$990,000,000

GAAP EPS $1.16 vs $1.29 a year ago; adjusted non-GAAP EPS $1.28 vs $1.58.
Revenue $480.4M (+3% YoY); Oilfield Services results cited as exceptional.
EBITDA $46.2M, down from $52.9M; cash from operations $55.0M.
Net cash improved to $165.9M; paid $0.69 semi-annual dividend per share.
Special $8.0M charge to exit Brazil trading relationship reduced EPS by $0.21.

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