Innospec Records Fourth-Quarter Loss amid Market Challenges
ENGLEWOOD, Colo. - Specialty chemicals company Innospec Inc. (IOSP) reported a loss of $70.4 million in its fourth quarter, marking a significant departure from the previous year's profit. Earnings per share stood at a loss of $2.80, while adjusted earnings reached $1.41 per share.
Revenue for the quarter totaled $466.8 million. For the full year, Innospec posted a modest profit of $35.6 million ($1.42 per share) alongside revenue of $1.85 billion.