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Innospec Inc (IOSP)
NASDAQ:IOSP
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.37Last Year’s EPS
$1.84Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -0.62%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
Innospec reported strong performance in its Performance Chemicals and Fuel Specialties segments, with significant revenue growth and margin improvements. However, challenges in the Oilfield Services segment and a decline in overall revenue and net income present notable concerns. The company's strong cash position and increased dividend are positive indicators, but there are uncertainties about geopolitical impacts and recovery in the Oilfield segment.Company Guidance
During the Innospec Q3 2024 earnings call, guidance highlighted a strong performance across various divisions, with Performance Chemicals and Fuel Specialties achieving double-digit operating income growth. Performance Chemicals recorded revenues of $163.6 million, a 13% increase from the previous year, with gross margins rising by 1.2 percentage points to 22.1%. Fuel Specialties reported $165.8 million in revenues, a 2% decrease, but saw gross margins improve by 2.3 percentage points to 33.6%. Oilfield Services, however, faced challenges, with revenues dropping 24% to $114 million and operating income falling 57%. The overall gross margin for the quarter decreased by 1.6 percentage points to 28%, and total revenues were $443.4 million, a 4% decrease year-over-year. Adjusted EBITDA was $50.5 million, and net income was $33.4 million. The company expects continued steady performance in Performance Chemicals and some growth in Fuel Specialties, with a sequential recovery anticipated in Oilfield Services in 2025. Innospec also maintains a strong cash position, with $303.8 million in cash and no debt, allowing for ongoing organic investments and potential M&A activities.Performance Chemicals Revenue Growth
Performance Chemicals revenues for the third quarter were $163.6 million, up 13% from last year's $145.2 million. Operating income increased by 18% over last year.
Fuel Specialties Margin Improvement
Fuel Specialties delivered double-digit operating income growth with improved gross margins of 33.6%, which were 2.3 percentage points above the same quarter last year.
Strong Cash Position
Innospec reported $303.8 million in cash and cash equivalents with no debt, highlighting a solid financial position.
Dividend Increase
The semiannual dividend was increased to $0.79, bringing the full-year dividend to $1.55, a 10% annual increase.
Middle East Growth Opportunities
Significant growth opportunities identified in the Middle East, particularly with Saudi Aramco, which could drive future growth.
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IOSP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IOSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $110.39 | $124.07 | +12.39% |
| Aug 06, 2024 | $117.48 | $105.40 | -10.28% |
| May 09, 2024 | $124.73 | $129.59 | +3.90% |
| Feb 13, 2024 | $115.60 | $118.76 | +2.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Innospec Inc (IOSP) report earnings?
Innospec Inc (IOSP) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Innospec Inc (IOSP) earnings time?
Innospec Inc (IOSP) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IOSP EPS forecast?
IOSP EPS forecast for the fiscal quarter 2024 (Q4) is $1.37.
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