Innospec Q3 revenue falls 10% to $464.1 million; GAAP EPS rises to $1.57
Innospec reported third-quarter 2023 net sales of $464.1 million, down 10% from $513.0 million a year earlier, while GAAP diluted EPS rose to $1.57 from $1.55. Adjusted non-GAAP EPS fell to $1.59 from $1.74. The board also declared a semi-annual dividend of $0.72 per share, bringing the 2023 annual dividend to $1.41, a 10% increase over 2022.
Key points
- Net sales were $464.1 million versus $513.0 million a year earlier; Performance Chemicals fell 9%, Fuel Specialties 5% and Oilfield Services 14%.
- Net income was $39.2 million, or $1.57 per diluted share, versus $38.7 million, or $1.55, a year earlier; adjusted EPS was $1.59 versus $1.74.
- Cash from operating activities was $58.1 million; cash and cash equivalents were $207.2 million with no debt as of September 30, 2023.
- The $0.72 dividend will be paid November 27, 2023 to holders of record on November 20, 2023.
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 08, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.