Innospec Reports Q4 2024 Earnings with Revenue Decline and Pension Charge
Innospec (IOSP) reported Q4 2024 earnings with total revenues of $466.8 million, a 6% decline from the prior year. The company faced a non-cash UK pension settlement charge of $155.6 million, leading to a GAAP net loss of $70.4 million, though adjusted net income rose to $46.3 million. Performance Chemicals and Fuel Specialties segments showed revenue growth, while Oilfield Services revenue dropped 40%.
Tickers: $IOSP
Topics: Adjusted EBITDA Earnings Fuel Specialties Gross Margin Net Loss Oilfield Services Performance Chemicals Revenue