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Innospec earnings rise on acquisitions

3:49 PM MST | February 12, 2014 | Vincent Valk

Innospec today reported fourth-quarter net income of $28.7 million, or $1.17/share, more than double that of the year-ago period, on sales up 13% year-on-year (YOY), to $241.6 million. Adjusted earnings, excluding some foreign currency gains and other special charges, totaled $1.06/share, up 28% YOY and ahead of analysts' consensus estimate of 96 cts/share, as reported by Thomson Reuters (New York). "We had a record fourth quarter sales, with a strong contribution from acquisitions, while our core businesses performed as we expected throughout the year...

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