MARKET COMPOSITE
IOSP - Innospec Inc6:33:00 PM 4/19/2024
Price
$122.05
+ 1.23 (1.02%)
Innospec Inc., formerly known as Octel Corporation and Associated Octel Company, Ltd., is a global specialty chemical company. It comprises three business units: Fuel Specialties, responsible for the development and supply of additives for fuels and which also includes the company's activities in its Oilfield Chemicals division, Performance Chemicals, which focuses on products for the Personal Care industry and also provides products for the Polymers markets, and Octane Additives, which is the last remaining non-Chinese producer of tetraethyllead used in the manufacture of motor gasoline in one remaining country and 100LL avgas throughout the world. The company has recently sparked controversy due to its being the only company that continues to export leaded petrol from the UK to Algeria despite pledging to stop several times. Innospec is headquartered in Englewood, Colorado, and has major regional centers in the United Kingdom and Singapore, along with international offices and processing facilities in China, UAE, Cyprus, South Korea, and India.[1]
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue494.7MM+7%
Gross Profit155.7MM+13%
Cost Of Revenue339MM+4%
Operating Income44.5MM+6%
Operating Expenses111.2MM+17%
Net Income37.8MM-4%
R&D8.9MM-23%
G&A102.3MM+22%
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