Innospec Inc

NASDAQ:IOSPUnited States

Nov 5, 2024

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• Innospec Q3 Adjusted Earnings, Net Sales Decline, from 5:09PM ET on Tuesday Nov 05, 2024 by MT Newswires

  5:09PM ET on Tuesday Nov 05, 2024 by MT Newswires
  Companies Mentioned: IOSP
  05:09 PM EST, 11/05/2024 (MT Newswires) -- Innospec (IOSP) reported Q3 adjusted earnings late Tuesday of $1.35 per diluted share, down from $1.59 a year earlier. Three analysts polled by Capital IQ expected $1.35. Net sales in the quarter ended Sept...

• -- Earnings Flash (IOSP) INNOSPEC Posts Q3 Revenue $443.4M, from 4:45PM ET on Tuesday Nov 05, 2024 by MT Newswires

  4:45PM ET on Tuesday Nov 05, 2024 by MT Newswires
  Companies Mentioned: IOSP
  04:45 PM EST, 11/05/2024 (MT Newswires) -- ...

• -- Earnings Flash (IOSP) INNOSPEC Reports Q3 EPS $1.35, from 4:45PM ET on Tuesday Nov 05, 2024 by MT Newswires

  4:45PM ET on Tuesday Nov 05, 2024 by MT Newswires
  Companies Mentioned: IOSP
  04:45 PM EST, 11/05/2024 (MT Newswires) -- ...

• Innospec Reports Third Quarter 2024 Financial Results, from 4:45PM ET on Tuesday Nov 05, 2024 by Dow Jones

  4:45PM ET on Tuesday Nov 05, 2024 by Dow Jones
  Companies Mentioned: IOSP
  Goodwill 392.3 399.3 Other intangible assets 63.6 57.3 Deferred tax assets 10.5 10.4 Pension asset 38.1 35.1 Other non-current assets 3.9 6.2 Total assets $ 1,797.7 $ 1,707.4 ============= ============ Liabilities and Stockholders' Equity ----------------------------------------- Current liabilities: Accounts payable $ 169.0 $ 163.6 Accrued liabilities 170.0 185.9 Current portion of operating lease liabilities 14.0 13.6 Current portion of plant closure provisions 4.6 4.6 Current portion of accrued income taxes 15.5 2.6 Current portion of unrecognized tax benefits - 1.2 Total current liabilities 373.1 371.5 Operating lease liabilities, net of current portion 31.7 31.6 Plant closure provisions, net of current portion 58.7 57.0 Accrued income taxes, net of current portion - 11.6 Unrecognized tax benefits, net of current portion 11.0 13.6 Deferred tax liabilities 35.8 33.5 Pension liabilities and post-employment benefits 13.3 13.3 Acquisition-related contingent consideration 21.5 23.4 Other non-current liabilities 5.0 2.3 Equity 1,247.6 1,149.6 ------------- ------------ Total liabilities and equity $ 1,797.7 $ 1,707.4 ============= ============ Schedule 4 INNOSPEC INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Months Ended September 30 ----------------------- (in millions) 2024 2023 ---------------------------------------------- ------- ------ Cash Flows from Operating Activities ---------------------------------------------- Net income $ 106.0 $ 101.3 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 32.6 29.1 Adjustment to fair value of contingent consideration 2.1 - Deferred taxes 0.6 0.5 Profit on disposal of property, plant and equipment (0.2) - Non-cash movements on defined benefit pension plans (2.5) (2.5) Stock option compensation 6.4 5.9 Changes in working capital 11.9 20.8 Movements in plant closure provisions - (1.2) Movements in income taxes 1.5 (20.2) Movements in unrecognized tax benefits (3.8) 0.7 Movements in other assets and liabilities 4.2 0.5 Net cash provided by operating activities 158.8 134.9 Cash Flows from Investing Activities ---------------------------------------------- Capital expenditures (29.3) (45.2) Proceeds on disposal of property, plant and equipment 0.3 - Business combinations, net of cash acquired (0.2) - Internally developed software (12.2) (10.8) Net cash used in investing activities (41.4) (56.0) Cash Flows from Financing Activities ---------------------------------------------- Non-controlling interest 1.7 0.3 Refinancing costs (0.3) (1.4) Dividend paid (19.0) (17.2) Issue of treasury stock 0.8 0.7 Repurchase of common stock (0.7) (1.0) ------- ------ Net cash used in financing activities (17.5) (18.6) Effect of foreign currency exchange rate changes on cash 0.2 (0.2) ------- ------ Net change in cash and cash equivalents 100.1 60.1 Cash and cash equivalents at beginning of period 203.7 147.1 ------- ------ Cash and cash equivalents at end of period $ 303.8 $ 207.2 ======= ======
  

• *DJ Innospec 3Q EPS $1.33 >IOSP, from 4:45PM ET on Tuesday Nov 05, 2024 by Dow Jones

  4:45PM ET on Tuesday Nov 05, 2024 by Dow Jones
  Companies Mentioned: IOSP