GlobeNewswire·May 7, 2026, 4:45 PM ET

Innospec Reports First Quarter 2026 Financial Results

IOSP

Innospec reported first-quarter 2026 total revenues of $453.2 million, a 3 percent increase from the prior year.
GAAP net income attributable to Innospec was $30.4 million, or $1.22 per diluted share, compared to $32.8 million or $1.31 per share in the same period last year.
Adjusted non-GAAP EPS for the quarter was $1.05 per diluted share, excluding special items such as fair value adjustments \& foreign currency gains.
Fuel Specialties revenue grew 7 percent to $181.6 million, with operating income rising 2 percent to $37.8 million.
Performance Chemicals revenue increased 1 percent to $169.4 million, but operating income fell 46 percent to $10.7 million due to plant shutdowns from a US winter storm.
Oilfield Services revenue remained flat at $102.2 million, while operating income increased 37 percent to $5.6 million despite winter storm impacts.
The company declared a semi-annual dividend of 92 cents per share, a 10 percent increase, payable on May 29, 2026 to shareholders of record on May 19, 2026.
Innospec completed $6.2 million in share repurchases during the quarter \& received a new $75 million buyback authorization.
Cash from operating activities was $17.6 million before $8.6 million in capital expenditures, ending the quarter with $289.1 million in net cash \& no debt.
Adjusted EBITDA for the quarter was $43.7 million, down from $54.0 million in the prior year period.
Corporate costs rose to $22.3 million from $17.7 million a year ago, while the effective tax rate decreased to 22.8 percent from 25.7 percent.
Management anticipates sequential operating income \& margin growth in the second quarter as Performance Chemicals plants resume full operations.