earnings
confidence high
sentiment positive
materiality 0.70
Innospec Q2: rev $435M (-9% YoY), GAAP EPS $1.24, adj EPS $1.39, net cash $240M
INNOSPEC INC.
2024-Q2 EPS reported
$2.89
revenue$935,200,000
- Q2 revenue $435M (-9% YoY); net income $31.2M ($1.24 diluted EPS) vs $28.9M ($1.16) prior year.
- Adjusted non-GAAP EPS $1.39 vs $1.28; adjusted EBITDA $54.1M (up from $47.4M).
- Performance Chemicals operating income more than doubled; Fuel Specialties operating income up double digits.
- Oilfield Services impacted by lower production chemical activity as expected.
- Quarter-end net cash $240.2M; paid semi-annual dividend $0.76/share.