Innospec ( (IOSP) ) has issued an announcement.
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Innospec Inc. reported a mixed financial performance for Q3 2024, with a 4% dip in total revenues to $443.4 million compared to last year. Despite this, Performance Chemicals and Fuel Specialties saw double-digit operating income growth and margin expansion. The company increased its annual dividend by 10% and plans to pay a $0.79 per share semi-annual dividend. Challenges persisted in Oilfield Services due to decreased production chemical activity, but Innospec aims for sequential improvements in operating income through diverse market opportunities.
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