Welcome to our dedicated page for Innospec news (Ticker: IOSP), a resource for investors and traders seeking the latest updates and insights on Innospec stock.
Innospec Inc (IOSP) delivers essential chemical solutions across fuel specialties, performance chemicals, and oilfield services worldwide. This dedicated news hub provides investors and industry professionals with comprehensive updates on material developments affecting the company and specialty chemicals sector.
Access authoritative coverage of earnings announcements, product innovations, and strategic partnerships alongside regulatory filings and operational updates. Our curated feed includes developments in fuel additive technologies, personal care chemical advancements, and oilfield efficiency solutions central to Innospec's diversified operations.
Key updates span all business segments: Track Fuel Specialties developments improving engine performance and emissions reduction, Performance Chemicals innovations for personal care markets, and Oilfield Services technologies enhancing drilling efficiency. Supplementary coverage includes sustainability initiatives and leadership changes impacting global operations.
Bookmark this page for streamlined access to Innospec's latest press releases and third-party analysis. Check regularly for updates reflecting the company's position in evolving energy, manufacturing, and chemical markets.
Innospec (NASDAQ: IOSP) has partnered with UNESCO International Institute for Higher Education (IESALC) to launch a STEM education program for indigenous students in Brazil. The initiative, in collaboration with the Federal University of Minas Gerais, will develop a sustainable development course co-designed by indigenous and non-indigenous students and researchers.
The program will directly train 40 indigenous students and indirectly benefit 200 more individuals. This partnership addresses the growing indigenous participation in higher education in Brazil, which has increased nearly fivefold from 2011 to 2022, with over 46,000 indigenous students enrolled.
The initiative aligns with the UN's Pact for the Future and responds to indigenous students' requests voiced during the Regional Conference on Higher Education for increased STEM involvement. Innospec, which has operated in Brazil since 2011 with over 300 employees, aims to expand STEM education and professional opportunities for indigenous students.
Innospec (NASDAQ: IOSP) reported Q4 2024 financial results with total revenues of $466.8 million, down 6% year-over-year. The company reported a net loss of $70.4 million ($2.80 per share), primarily due to a $155.6 million non-cash settlement charge from UK pension scheme buy out.
Performance Chemicals and Fuel Specialties showed strong growth with operating income up 14% and 7% respectively. However, Oilfield Services saw continued weakness in Latin America production chemical activity.
The company generated $25.7 million in operating cash flow and maintained a strong net cash position of $289.2 million. Adjusted non-GAAP EPS was $1.41 for Q4 2024, compared to $1.84 in Q4 2023. Full-year 2024 revenues were $1.85 billion, down 5% from 2023, with adjusted EBITDA of $225.2 million, up 4% year-over-year.
Innospec Inc. (NASDAQ: IOSP) has scheduled its fourth quarter 2024 earnings release for Tuesday, February 18, 2025 after market close. The company will host an interactive conference call on Wednesday, February 19, 2025, at 9:00 a.m. ET.
President and CEO Patrick S. Williams and Executive VP/CFO Ian Cleminson will lead the call. Participants must register in advance to receive dial-in numbers and a unique Personal PIN. The conference call will feature a simultaneous audio webcast and slide presentation available on the company's website, with a 30-day replay option available.
Innospec (NASDAQ: IOSP) reported Q3 2024 financial results with total revenues of $443.4 million, down 4% year-over-year. Net income was $33.4 million or $1.33 per diluted share, compared to $39.2 million or $1.57 per share last year. Performance Chemicals and Fuel Specialties achieved double-digit operating income growth with margin expansion, while Oilfield Services remained impacted by lower production chemical activity. The company generated $73.5 million in operating cash flow and improved net cash position to $303.8 million. The company increased its annual dividend by 10% to $1.55 per share.
Innospec (NASDAQ: IOSP) has published its 2023 Sustainability Report, marking 25 years of reporting on sustainable business practices. Key highlights include:
- Acquisition of QGP Química Geral S.A in Brazil
- 48% decrease in Scope 1 & 2 greenhouse gas emissions since 2014
- Completion of first Scope 3 emissions assessment
- New Energy Center at Ellesmere Port, UK facility
- $737,000 in social value delivered, supporting 151 global charities
- 1,054 employee volunteering hours
- $42 million spent on Research and Technology
The report received independent assurance to the AA1000 Assurance standard. CEO Patrick S. Williams emphasized sustainability as a priority for Innospec, stating it provides a strong foundation for delivering sustainable business goals.
Innospec Inc. (NASDAQ: IOSP) reported its Q2 2024 financial results, showing mixed performance across divisions. Total revenues decreased 9% to $435.0 million, while net income increased to $31.2 million or $1.24 per diluted share. Adjusted non-GAAP EPS rose to $1.39 from $1.28 a year ago. Performance Chemicals saw strong growth, with operating income more than doubling. Fuel Specialties also improved, but Oilfield Services declined due to lower production chemical activity. The company maintains a strong financial position with $240.2 million in net cash and no debt. Innospec continues to focus on technology-led growth opportunities and potential M&A activities while returning value to shareholders through dividend growth.
Innospec (NASDAQ: IOSP) has announced that it will release its second quarter 2024 earnings results on August 6, 2024, after market close. The following day, August 7, 2024, at 10:00 a.m. ET, President and CEO Patrick S. Williams, alongside EVP and CFO Ian Cleminson, will host an interactive conference call to discuss the results. Interested parties can register in advance online to receive unique dial-in details. The conference call will be audio webcasted live on Innospec's website, with a slide presentation available in the Investor Relations section. A replay of the call will be accessible for 30 days post-event.
Innospec (NASDAQ: IOSP) has earned a Gold rating in the EcoVadis sustainability assessment for the fourth consecutive year, positioning it in the top 5% of companies in its sector worldwide. The award highlights Innospec's commitment to sustainable business practices. Patrick S. Williams, President and CEO, emphasized the company's dedication to exploring innovative technologies to enhance sustainability. Ian Callan, VP of Global Regulatory Compliance and ESG, noted the company's ongoing efforts to improve sustainability performance and maintain high corporate responsibility standards. EcoVadis, a leading sustainability rating platform, evaluates over 180,000 companies based on environmental, social, ethical, and procurement criteria, providing transparency in sustainability practices.
Innospec (NASDAQ: IOSP), a global leader in specialty chemicals, announced a partnership with International Justice Mission (IJM) to address forced labor in the Southeast Asia palm oil sector. This collaboration aligns with Innospec's long-standing commitment to responsible sourcing of palm-based materials, supported by their memberships in the Roundtable on Sustainable Palm Oil and Action for Sustainable Derivatives. The partnership aims to combat modern slavery by empowering local stakeholders and improving public justice systems. Innospec emphasizes its dedication to ethical practices and enhancing worker protection through this initiative. Financial data provided includes adjusted EBITDA and net income, which are non-GAAP measures aimed at offering insights into the company's performance.
Innospec Inc. (NASDAQ: IOSP) reported strong financial results for the first quarter of 2024, with a 23% increase in operating income driven by Performance Chemicals. The Company generated $80.6 million in cash from operations, leading to net cash of $270.1 million. The dividend was increased by 10%, with GAAP EPS of $1.65 and adjusted non-GAAP EPS of $1.75. Total revenues were $500.2 million, a 2% decrease from the previous year. Net income for the quarter was $41.4 million or $1.65 per diluted share. Adjusted EBITDA was $64.0 million, up from $52.7 million a year ago.
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