Innospec Q3 revenue $443M (-4% YoY), EPS $1.33, dividend raised 10% to $1.55 annual

INNOSPEC INC.

2024-Q3 EPS reported $4.22 revenue$1,378,600,000

Revenue $443.4M, down 4% YoY from $464.1M; net income $33.4M vs $39.2M; GAAP EPS $1.33, adjusted $1.35.
Performance Chemicals and Fuel Specialties operating income up double digits with margin expansion.
Oilfield Services results impacted by lower production chemical activity, as expected.
Cash from operations $73.5M; net cash $303.8M at quarter end.
Semi-annual dividend $0.79/share; annual dividend raised 10% to $1.55; payable Nov 26 to holders of record Nov 18.

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