Innospec Q1 net income rises to $41.4 million; revenue falls 2% to $500.2 million
Innospec reported first-quarter 2024 results for the period ended March 31, 2024. Revenue fell 2% to $500.2 million, while net income rose to $41.4 million, or $1.65 per diluted share, from $33.2 million, or $1.33 per diluted share, a year earlier. The board also declared a semi-annual dividend of $0.76 per share, a 10% increase, payable May 31, 2024 to holders of record on May 20, 2024.
Key points
- Revenue was $500.2 million, down 2% from $509.6 million a year earlier.
- Net income was $41.4 million, or $1.65 per diluted share, versus $33.2 million, or $1.33, a year earlier.
- Adjusted non-GAAP EPS was $1.75 per diluted share versus $1.38 a year earlier; cash from operating activities was $80.6 million.
- Semi-annual dividend of $0.76 per share, up 10%, payable May 31, 2024 to holders of record on May 20, 2024.
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 May 10, 2024.
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