in this issue
Services :: Financial
Innospec beats estimates on strong fuel specialties results
10:10 AM MDT | August 8, 2013 | Vincent Valk
Innospec’s second-quarter net income was up 10% year-on-year (YOY), to $17.1 million, on net sales up 4%, to $185 million. Excluding special items, such as foreign exchange losses and acquisition costs, earnings totaled 75 cts/share, down 5% YOY but beating analysts’ consensus estimate of 68 cts/share, as reported by Thomson Reuters (New York). Fuel specialties segment sales were up 10% YOY, to $126.2 million, while segment operating income rose 14%, to $19.2 million. Volumes were up 3% and the Strata Control acquisition increased sales by 3%. Sales...
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