Last $42.92 USD
Change Today +0.24 / 0.56%
Volume 41.5K
IOSP On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

innospec inc (IOSP) Snapshot

Open
$42.98
Previous Close
$42.68
Day High
$43.35
Day Low
$42.83
52 Week High
12/27/13 - $47.93
52 Week Low
10/15/14 - $35.00
Market Cap
1.0B
Average Volume 10 Days
154.5K
EPS TTM
$3.55
Shares Outstanding
24.4M
EX-Date
11/13/14
P/E TM
12.1x
Dividend
$0.56
Dividend Yield
1.28%
Current Stock Chart for INNOSPEC INC (IOSP)

innospec inc (IOSP) Related Businessweek News

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innospec inc (IOSP) Details

Innospec Inc. develops, manufactures, blends, markets, and supplies fuel additives, oilfield chemicals, personal care and fragrance ingredients, and other specialty chemicals to oil refineries, personal care and fragrance companies, and other chemical and industrial companies worldwide. The company operates in three segments: Fuel Specialties, Performance Chemicals, and Octane Additives. The Fuel Specialties segment offers a range of specialty chemical products used as additives in various fuels. This segment’s products are used in the operation of automotive, marine, and aviation engines; power station generators; and heating and diesel particulate filter systems. The Performance Chemicals segment provides technology-based solutions for its customers’ processes and products focused in the personal care, polymers, and fragrance ingredients markets. This segment serves large multinational companies, manufacturers of personal care and household products, and specialty chemical manufacturers operating in niche industries. The Octane Additives segment produces and sells tetra ethyl lead for use in automotive gasoline. This segment is also involved in an environmental remediation business that assists customers to manage the clean up of redundant plants. The company was formerly known as Octel Corp. and changed its name to Innospec Inc. in January 2006. Innospec Inc. was founded in 1938 and is headquartered in Englewood, Colorado.

1,100 Employees
Last Reported Date: 02/13/14
Founded in 1938

innospec inc (IOSP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $865.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $321.6K
Executive Vice President of Business Operatio...
Total Annual Compensation: $292.7K
Senior Vice President of Research and Technol...
Total Annual Compensation: $255.1K
Vice President of Strategic Planning & Regula...
Total Annual Compensation: $251.4K
Compensation as of Fiscal Year 2013.

innospec inc (IOSP) Key Developments

Innospec Inc. Provides Sales Guidance for the Fourth Quarter of 2014; Provides Tax Rate Guidance for the Years 2014 and 2015

Innospec Inc. announced that in the fourth quarter of 2014, The company expects sales to be broadly $20 million. Full year 2014 adjusted effective tax rate is anticipated to be around 23%. For the year 2015, the company expecting it to be about 25%.

Innospec Inc. Declares Biannual Dividend for the Second Half of 2014, Payable on November 26, 2014; Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Innospec Inc. announced that it is declaring a biannual dividend of $0.28 per common share for the second half of 2014, which will be paid on November 26, 2014 to shareholders of record on November 17, 2014. This brings the annual dividend to 55 cents per share, a 10% increase on 2013. The company reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s total net sales were $228.2 million, an 18% increase from $192.8 million in the corresponding period last year. Net income was $20.8 million, or $0.83 per diluted share, compared to $14.0 million, or $0.58 per diluted share, recorded a year ago. EBITDA was $32.6 million, a 38% increase from the $23.6 million posted in 2013's third quarter. Results for this quarter include after-tax foreign currency exchange gains of $0.8 million, or $0.03 per diluted share, gains from adjustments to income tax provisions of $1.8 million, or $0.07 per diluted share, and after-tax acquisition related costs of $1.0 million, or $0.04 per diluted share. Operating income was $25.2 million compared to $19.5 million a year ago. Income before income taxes was $25.4 million compared to $18.3 million a year ago. Adjusted non-GAAP income was $19.2 million or $0.7 per share compared to $15.7 million or $0.65 per share a year ago. The company closed the quarter with a net debt position of $19.7 million. Net cash generated from operations in the quarter was $25.2 million driven by a strong trading performance. For the first nine months, the company reported total net sales of $670.2 million increased 16% from $577.2 million in the corresponding period last year. Net income was $56.2 million, or $2.26 per diluted share, compared with $49.1 million, or $2.04 per diluted share, a year ago. Excluding special items, diluted earnings per share were $2.08, broadly similar to the $2.12 reported a year ago. EBITDA was $91.3 million, 18% higher than $77.3 million a year ago. Operating income was $68.5 million compared to $64.0 million a year ago. Income before income taxes was $68.2 million compared to $62.1 million a year ago. Net cash provided by operating activities was $59.0 million compared to $31.8 million a year ago. Capital expenditures were $9.5 million compared to $6.6 million a year ago. Adjusted non-GAAP income was $19.2 million or $0.7 per share compared to $15.7 million or $0.65 per share a year ago.

Innospec Seeks Acquisitions

Innospec Inc. (NasdaqGS:IOSP) is seeking acquisitions. Patrick S. Williams, President and Chief Executive Officer of Innospec said, “We will continue to be alert to acquisition opportunities that fit our model, particularly in the personal care space.”

 

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IOSP

Industry Average

Valuation IOSP Industry Range
Price/Earnings 12.1x
Price/Sales 1.1x
Price/Book 2.2x
Price/Cash Flow 11.9x
TEV/Sales 0.9x
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