Innospec posts Q4 net loss of $70.4 million on $155.6 million UK pension charge
Innospec reported fourth-quarter 2024 net sales of $466.8 million, down 6% from a year earlier, and a net loss of $70.4 million, or $2.80 per diluted share, driven by a non-cash $155.6 million charge on the buy-out of its UK pension scheme. Excluding special items, adjusted EPS fell to $1.41 from $1.84, and full-year 2024 revenue fell 5% to $1.85 billion, so the charge and weaker sales weigh on shareholder results even as Performance Chemicals and Fuel Specialties operating income grew.
Key points
- Q4 2024 net sales were $466.8 million, down 6% from $494.7 million in Q4 2023
- Q4 GAAP net loss of $70.4 million, or $2.80 per diluted share, including a $155.6 million non-cash UK pension settlement charge
- Adjusted EPS was $1.41 in Q4 versus $1.84 a year earlier; full-year adjusted EPS was $5.92 versus $6.09
- Net cash was $289.2 million at December 31, 2024, compared with $203.7 million a year earlier
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 February 19, 2025.
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.