in this issue
Regions :: North America :: U.S.
Innospec net income declines despite sales increase
12:49 PM MST | November 6, 2013 | Vincent Valk
Innospec today reported third-quarter net income down 9.7% year-on-year (YOY), to $14 million, or 58 cts/share, on sales up 5%, to $192.8 million. Adjusted earnings totaled 65 cts/share, flat YOY, Innospec says, Fuel specialties segment sales were up 8% YOY, to $137.4 million, while segment operating income rose 13.8%, to $22.3 million. Volumes were up 4%, and the Strata control acquisition also led to improved sales. Performance chemicals segment sales, which includes personal care, fragrances, and polymers, were up 2% YOY, to $47.9 million, while segment...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee