Innospec Q1 revenue $500.2M (-2%); GAAP EPS $1.65, adjusted $1.75; dividend up 10%

INNOSPEC INC.

2024-Q1 EPS reported $1.65 revenue$500,200,000

GAAP EPS $1.65 vs $1.33; adjusted non-GAAP EPS $1.75 vs $1.38; net income $41.4M vs $33.2M.
Revenue $500.2M, down 2% from $509.6M YoY; Performance Chemicals drove 23% operating income growth.
Cash from operations $80.6M; net cash $270.1M; capital expenditures $14.3M.
Semi-annual dividend raised 10% to $0.76/share, payable May 31 to holders of record May 20.

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 0.95

INNOSPEC INC. reported first quarter ended March 31, 2024 results: revenue $500.2 million, net income $41.4 million, EPS $1.65 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $500.2 million
Net income: $41.4 million
EPS: $1.65 per diluted share
Result: reported results

Exact text from the filing

Total revenues for the first quarter were $500.2 million, a decrease of 2 percent from $509.6 million in the corresponding period last year. Net income for the quarter was $41.4 million or $1.65 per diluted share compared to $33.2 million or $1.33 per diluted share recorded in the corresponding period last year.

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Source: SEC EDGAR

accession 0001193125-24-135679

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