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Stock impact report

Innospec (IOSP) Hits 52-Week High: What's Driving the Stock? [Yahoo! Finance]

Innospec Inc. (IOSP) 
Last innospec inc. earnings: 8/6 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: innospecinc.com/investor-relations
Company Research Source: Yahoo! Finance
In the past year, the stock has gained 20.2% against the industry's 5.6% fall in the same period. Image Source: Zacks Investment Research What's Driving Innospec? In the fourth quarter, IOSP reported adjusted earnings per share of $1.84, surpassing the Zacks Consensus Estimate of $1.59 and marking an increase from $1.20 in the prior-year quarter. Despite a 3% year-over-year decline in revenues to $494.7 million, Innospec exceeded the Zacks Consensus Estimate of $474 million. The Oilfield Services unit maintained its strong performance, while the Performance Chemicals and Fuel Specialties segments saw double-digit growth in operating income and expanded margins. Innospec's recent acquisition of QGP Quimica Geral in Brazil marks a significant expansion of its global footprint, enhancing manufacturing capabilities and customer service in South America. QGP's specialized expertise in areas like Agriculture complements Innospec's existing portfolio, particularly in growing markets Show less Read more
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