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Innospec (IOSP) investor relations material
Innospec Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Third quarter revenue was $441.9 million, nearly flat year-over-year, with net income of $12.9 million, down from $33.4 million last year.
GAAP EPS was $0.52 and adjusted non-GAAP EPS was $1.12, reflecting $24.4 million in special charges.
Fuel Specialties showed strong growth and margin expansion, offsetting weaker results in Performance Chemicals and Oilfield Services.
Net cash at quarter-end was $270.8 million, supporting future M&A, investment, and shareholder returns.
Operating income dropped to $5.9 million from $45.6 million year-over-year, impacted by significant impairments and restructuring charges.
Financial highlights
Q3 revenues were $441.9 million, nearly flat year-over-year.
Gross margin decreased by 1.6 percentage points to 26.4% compared to last year.
Adjusted EBITDA was $44.2 million, down from $50.5 million a year ago.
Net income was $12.9 million, down from $33.4 million last year.
Cash and cash equivalents at quarter-end were $270.8 million, with no debt.
Outlook and guidance
Sequential operating income and margin improvement expected in Q4 for Performance Chemicals and Oilfield Services.
Fuel Specialties expected to maintain strong, steady performance in Q4.
Full-year adjusted tax rate expected around 25%.
No resumption of Mexico sales assumed in outlook.
Adjusted effective tax rate is expected to remain lower due to a higher proportion of profits in lower tax jurisdictions.
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