Innospec Q4 net income up 48% to $37.8M; adjusted EPS $1.84 beats prior year $1.20

INNOSPEC INC.

2023-FY EPS reported $5.56 revenue$1,948,800,000

Revenue $494.7M (-3% YoY); net income $37.8M ($1.51 diluted) vs $25.5M ($1.02) last year.
Adjusted non-GAAP EPS $1.84 vs $1.20; EBITDA $54.0M vs $54.3M.
Cash from operations $72.4M; net cash $203.7M at year-end; paid semi-annual dividend 72¢/share.
Completed acquisition of QGP Quimica Geral, a Brazil-based specialty chemicals company.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INNOSPEC INC. reported the fourth quarter and full year ended December 31, 2023 results: revenue $494.7 million, net income $37.8 million or $1.51 per diluted share, EPS $1.51 per diluted share.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $494.7 million
Net income: $37.8 million or $1.51 per diluted share
EPS: $1.51 per diluted share
Result: reported results

Exact text from the filing

Innospec Inc. (NASDAQ: IOSP) today announced its financial results for the fourth quarter and full year ended December 31, 2023. Total revenues for the fourth quarter were $494.7 million, a decrease of 3 percent from $510.7 million in the corresponding period last year. Net income for the quarter was $37.8 million or $1.51 per diluted share compared to $25.5 million or $1.02 per diluted share recorded last year.

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Source: SEC EDGAR

accession 0001193125-24-034787

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