Every material Form 8-K Innospec filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Innospec filing is on SEC EDGAR ↗. 8-K briefs of other companies →