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Innospec Inc (IOSP)
NASDAQ:IOSP
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.44Last Year’s EPS
1.75Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -5.89%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Innospec's earnings call highlighted strong performance in the Performance Chemicals and Fuel Specialties segments, along with a solid cash position and increased dividends. However, significant challenges were noted in the Oilfield Services segment, a decrease in overall revenues, and a net loss due to a pension settlement charge. The sentiment is mixed with notable strengths and significant challenges.Company Guidance
In the fourth quarter of 2024, Innospec reported total revenues of $466.8 million, marking a 6% decline from the $494.7 million reported in the same quarter of the previous year. The company experienced a decrease in gross margin by 2.3 percentage points, bringing it to 29.2%. Adjusted EBITDA for the quarter was $56.6 million, down from $61.6 million the previous year. A non-cash settlement charge of $155.6 million related to a UK pension scheme buyout resulted in a net loss of $70.4 million for the quarter; however, after adjustments, net income was $46.3 million, an increase from $37.8 million in the prior year. The adjusted earnings per share (EPS) for the quarter was $1.41, compared to $1.84 in the previous year. For the full year, revenues fell 5% to $1.85 billion, with an adjusted EBITDA increase to $225.2 million from $216 million in 2023. The adjusted EPS for the year was $5.92, slightly down from $6.09 the previous year. Performance Chemicals saw a 23% year-over-year revenue increase to $169.2 million, while Fuel Specialties increased by 5% to $191.8 million. In contrast, Oilfield Services revenue dropped by 40% to $105.8 million. Cash from operations after capital expenditures for the year was $122.7 million, with the company ending the year with $289.2 million in cash and no debt. For 2025, Innospec expects continued growth in Performance Chemicals and Fuel Specialties, with a gradual recovery in Oilfield Services, and anticipates a full-year effective tax rate of around 27%.Performance Chemicals Growth
Performance Chemicals delivered double-digit operating income growth over the fourth quarter last year, with revenues up 23% from $137.2 million to $169.2 million. Operating income increased by 14% to $20.6 million, and for the full year, it increased by 52% to $82.9 million.
Fuel Specialties Improvement
Fuel Specialties saw a 7% increase in operating income over the same quarter last year, with revenues up 5% to $191.8 million. Gross margins improved by 1.5 percentage points to 34.4%.
Cash Position and No Debt
Innospec ended the year with $289.2 million in cash and cash equivalents and no debt, providing significant financial flexibility.
Dividend Increase
The total dividend for the full year increased by 10% over 2023 to $1.55 per share.
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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 |
|---|---|---|---|
| Feb 18, 2025 | $109.88 | $102.20 | -6.99% |
| 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% |
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 Apr 30, 2025, TBA Not Confirmed.
What is Innospec Inc (IOSP) earnings time?
Innospec Inc (IOSP) earnings time is at Apr 30, 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 2025 (Q1) is 1.44.
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