Welcome to our dedicated page for Innospec news (Ticker: $IOSP), a resource for investors and traders seeking the latest updates and insights on Innospec stock.
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Innospec Inc. (NASDAQ: IOSP) reported strong financial results for the first quarter of 2024, with a 23% increase in operating income driven by Performance Chemicals. The Company generated $80.6 million in cash from operations, leading to net cash of $270.1 million. The dividend was increased by 10%, with GAAP EPS of $1.65 and adjusted non-GAAP EPS of $1.75. Total revenues were $500.2 million, a 2% decrease from the previous year. Net income for the quarter was $41.4 million or $1.65 per diluted share. Adjusted EBITDA was $64.0 million, up from $52.7 million a year ago.