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.
See more data about IOSP stock on TipRanks’ Stock Analysis page.