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Stock impact report

Innospec (IOSP) Q4 2024 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Innospec Inc. (IOSP) 
Last innospec inc. earnings: 8/6 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: innospecinc.com/investor-relations
President & Chief Executive Officer — Patrick S. Williams Executive Vice President & Chief Financial Officer — Ian P. Cleminson TAKEAWAYS Total Revenues -- $466.8 million, a 6% decrease reflecting declines compared to the prior year's $494.7 million. Gross Margin -- 29.2%, down 2.3 percentage points from the prior year's 31.5%. Adjusted EBITDA -- $56.6 million, a decrease from $61.6 million. GAAP Net Loss -- $70.4 million in the quarter, driven by a non-cash UK pension settlement charge of $155.6 million. Adjusted Net Income -- $46.3 million, up from $37.8 million as special items were excluded. Adjusted EPS -- $1.41, below the prior year's $1.84. Performance Chemicals Revenue -- $169.2 million, up 23% with volume growth of 17%, acquisition growth of 7%, and a positive currency impact of 1%, offset by negative price mix of 2% (figures do not sum due to rounding). Performance Chemicals Gross Margin -- 22.7%, up 1.4 percentage points year over year. Performance Ch Show less Read more
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