Innospec (IOSP) Tops Q2 EPS by 15c
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Innospec Reports Second Quarter 2016 Financial Results
August 2, 2016 4:45 PM EDTGAAP EPS of $1.18; Adjusted EPS of $1.03, 8% ahead of Q2 2015 ($0.95, excluding divestment)
Strong EBITDA performance at 19% of sales; significant cash generation resulting in only $4.7 million of net debt
All businesses performed well Oilfield Services improved over Q1 as anticipated
Positioned very well for both organic growth and further acquisitions
ENGLEWOOD, Colo., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Innospec Inc. (NASDAQ: IOSP) today announced its financial results for the second quarter ended... More
