$IOSP
INNOSPEC INC.

2024 Q3 Form 10-Q Financial Statement

#000095017024092351 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $443.4M $435.0M
YoY Change -4.46% -9.45%
Cost Of Revenue $319.3M $308.1M
YoY Change -2.32% -6.64%
Gross Profit $124.1M $126.9M
YoY Change -9.55% -15.63%
Gross Profit Margin 27.99% 29.17%
Selling, General & Admin $66.80M $73.40M
YoY Change -20.19% -30.49%
% of Gross Profit 53.83% 57.84%
Research & Development $11.10M $12.20M
YoY Change -4.31% 15.09%
% of Gross Profit 8.94% 9.61%
Depreciation & Amortization $11.10M $11.10M
YoY Change 12.12% 12.12%
% of Gross Profit 8.94% 8.75%
Operating Expenses $78.50M $86.20M
YoY Change -17.63% -25.82%
Operating Profit $45.60M $40.70M
YoY Change 8.83% 19.01%
Interest Expense $2.700M $2.100M
YoY Change 237.5% -800.0%
% of Operating Profit 5.92% 5.16%
Other Income/Expense, Net -$3.500M $900.0K
YoY Change -172.92% -66.67%
Pretax Income $44.80M $43.70M
YoY Change -5.68% 19.4%
Income Tax $11.40M $12.50M
% Of Pretax Income 25.45% 28.6%
Net Earnings $33.40M $31.20M
YoY Change -14.8% 7.96%
Net Earnings / Revenue 7.53% 7.17%
Basic Earnings Per Share $1.34 $1.25
Diluted Earnings Per Share $1.33 $1.24
COMMON SHARES
Basic Shares Outstanding 24.94M 24.93M
Diluted Shares Outstanding 25.10M 25.10M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $303.8M $240.2M
YoY Change 46.62% 44.79%
Cash & Equivalents $303.8M $240.2M
Short-Term Investments
Other Short-Term Assets $600.0K $1.000M
YoY Change -57.14% 42.86%
Inventory $319.3M $313.5M
Prepaid Expenses
Receivables $327.6M $300.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $965.6M $876.8M
YoY Change 11.8% 2.61%
LONG-TERM ASSETS
Property, Plant & Equipment $278.2M $271.9M
YoY Change 13.74% 12.22%
Goodwill $392.3M $388.2M
YoY Change 9.61% 7.65%
Intangibles $63.60M $61.40M
YoY Change 33.05% 31.48%
Long-Term Investments
YoY Change
Other Assets $3.900M $6.700M
YoY Change -40.0% 15.52%
Total Long-Term Assets $832.1M $823.5M
YoY Change 10.23% 8.89%
TOTAL ASSETS
Total Short-Term Assets $965.6M $876.8M
Total Long-Term Assets $832.1M $823.5M
Total Assets $1.798B $1.700B
YoY Change 11.07% 5.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.0M $147.7M
YoY Change 15.67% -6.46%
Accrued Expenses $170.0M $143.1M
YoY Change 2.97% -18.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $373.1M $332.8M
YoY Change 8.4% -8.8%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.000M $2.900M
YoY Change 233.33% 81.25%
Total Long-Term Liabilities $5.000M $2.900M
YoY Change 233.33% 81.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $373.1M $332.8M
Total Long-Term Liabilities $5.000M $2.900M
Total Liabilities $550.1M $504.4M
YoY Change 12.15% -2.25%
SHAREHOLDERS EQUITY
Retained Earnings $1.115B $1.082B
YoY Change 10.6% 11.63%
Common Stock $366.9M $364.8M
YoY Change 2.14% 2.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $93.40M $93.40M
YoY Change -0.85% -0.85%
Treasury Stock Shares
Shareholders Equity $1.243B $1.193B
YoY Change
Total Liabilities & Shareholders Equity $1.798B $1.700B
YoY Change 11.07% 5.56%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $33.40M $31.20M
YoY Change -14.8% 7.96%
Depreciation, Depletion And Amortization $11.10M $11.10M
YoY Change 12.12% 12.12%
Cash From Operating Activities $73.50M $4.700M
YoY Change 26.51% -91.45%
INVESTING ACTIVITIES
Capital Expenditures $11.80M $15.30M
YoY Change -29.34% -11.56%
Acquisitions
YoY Change
Other Investing Activities $100.0K -$100.0K
YoY Change
Cash From Investing Activities -$11.70M -$15.40M
YoY Change -29.94% -10.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 900.0K -18.90M
YoY Change 350.0% -1.56%
NET CHANGE
Cash From Operating Activities 73.50M 4.700M
Cash From Investing Activities -11.70M -15.40M
Cash From Financing Activities 900.0K -18.90M
Net Change In Cash 62.70M -29.60M
YoY Change 50.72% -260.0%
FREE CASH FLOW
Cash From Operating Activities $73.50M $4.700M
Capital Expenditures $11.80M $15.30M
Free Cash Flow $61.70M -$10.60M
YoY Change 49.03% -128.12%

Facts In Submission

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INNOSPEC INC.
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CY2024Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
6900000
CY2023Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
6200000
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
652891
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
75.2
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
136667
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
130.5
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
178495
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
86.7
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
12062
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
82.7
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
599001
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
84.2
CY2024Q1 iosp Maximum Percentage Of Stock Options Granted
MaximumPercentageOfStockOptionsGranted
1.30
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
28800000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-12600000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-100000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-12500000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
6100000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
600000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5500000

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