NASDAQ$IOSP
Innospec Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Innospec reported a strong first quarter with revenue up 39% and operating income up 57%.
Innospec Inc. announced its financial results for the first quarter ended March 31, 2022, with total revenues of $472.4 million, a 39% increase from the corresponding period last year. Net income for the quarter was $36.5 million, or $1.46 per diluted share, compared to $23.4 million, or 94 cents per diluted share, recorded last year. Adjusted non-GAAP EPS in the first quarter was $1.53 per diluted share, compared to $1.06 per diluted share a year ago.
- Revenues increased by 39 percent year-over-year, reaching $472.4 million.
- Net income was $36.5 million, or $1.46 per diluted share, compared to $23.4 million, or 94 cents per diluted share last year.
- Adjusted non-GAAP EPS was $1.53 per diluted share, compared to $1.06 per diluted share a year ago.
- Cash and cash equivalents totaled $105.6 million at the end of the quarter.
Headline financials
Revenue & EPS history
Innospec · Revenue · Quarterly
$472M
Revenue by segment
Innospec · $305M total across 2 segments · Q1 2022
- Fuel Specialties$192M+37.7%62.8%
- Oilfield Services$114M+52.6%37.2%
Forward guidance
Innospec anticipates strong demand to continue in all end-markets and is managing additional price actions to offset inflationary impacts. Managing ongoing supply and logistical challenges will continue to be a key focus. The company expects Oilfield Services to resume its sequential operating income improvement in the coming quarters.
Tailwinds
- Strong demand is expected to continue in all end-markets.
- Additional price actions are being managed to offset inflationary impacts.
- Fuel Specialties gross margins improved significantly over the fourth quarter and returned to the lower end of our target 32 to 35 percent range.
- Oilfield Services is expected to resume its sequential operating income improvement in the coming quarters.
- Debt-free balance sheet, broad mix of daily-use consumable products and relentless focus on customer service positions us well for continued growth in all our businesses.
Headwinds
- Sustained inflationary and supply-chain pressures persist.
- Managing ongoing supply and logistical challenges will continue to be a key focus.
- Oilfield Services experienced shipment delays leading to a sequential quarter decline in operating income.
- Gross margins in Fuel Specialties are expected to remain on the lower end of the target range until cost inflation moderates.
- Corporate costs increased due mainly to higher personnel-related expenses driven by increased share-based compensation accruals.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.5%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+0.5%
Avg return
30 days after
62%
40 / 65 earnings
Positive
+14.7%
Q3 2024
Best reaction
-8.5%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.2% | -0.8% | +1.0% | |
| Q4 2025 | -0.0% | -8.3% | -23.5% | |
| Q3 2025 | +2.4% | +3.9% | +3.8% | |
| Q1 2025 | -3.2% | -6.0% | -7.8% | |
| Q4 2024 | -7.0% | -7.2% | -12.6% | |
| Q3 2024 | +14.7% | +11.7% | +7.6% | |
| Q2 2024 | -8.5% | -8.2% | -6.6% | |
| Q1 2024 | +4.9% | +5.0% | +0.9% | |
| Q4 2023 | -0.5% | +3.0% | +1.5% | |
| Q3 2023 | +0.7% | +0.8% | +9.8% | |
| Q2 2023 | +0.5% | +1.3% | -2.3% | |
| Q1 2023 | +0.6% | -1.3% | -0.1% | |
| Q4 2022 | -5.6% | -5.1% | -14.0% | |
| Q3 2022 | -1.1% | +5.8% | +6.8% | |
| Q2 2022 | -4.2% | -7.6% | -12.1% | |
| Q1 2022 | +4.4% | +5.4% | +10.6% | |
| Q4 2021 | +8.1% | +8.4% | +3.5% | |
| Q3 2021 | +2.2% | +3.3% | -7.6% | |
| Q2 2021 | -2.5% | +1.0% | +4.4% | |
| Q1 2021 | +1.6% | +4.2% | +3.5% | |
| Q4 2020 | -2.4% | -0.2% | +4.8% | |
| Q3 2020 | +2.4% | +0.6% | +23.4% | |
| Q2 2020 | -0.2% | +2.9% | -4.1% | |
| Q1 2020 | +2.3% | +5.2% | +16.5% | |
| Q4 2019 | -0.2% | -8.4% | -37.7% | |
| Q3 2019 | +9.2% | +8.8% | +8.9% | |
| Q2 2019 | +0.8% | +2.2% | +0.9% | |
| Q1 2019 | +0.4% | -0.3% | -2.5% | |
| Q4 2018 | +5.8% | +9.6% | +12.3% | |
| Q3 2018 | +9.9% | +8.3% | -2.1% | |
| Q2 2018 | -3.3% | -4.5% | -2.0% | |
| Q1 2018 | +2.8% | +3.4% | +9.9% | |
| Q4 2017 | +0.8% | +2.6% | +4.5% | |
| Q3 2017 | +9.7% | +3.6% | +10.2% | |
| Q2 2017 | -4.7% | -9.3% | -13.3% | |
| Q1 2017 | -0.8% | -2.6% | +3.8% | |
| Q4 2016 | +5.7% | +1.9% | -9.8% | |
| Q3 2016 | -6.7% | -5.5% | +10.2% | |
| Q2 2016 | +6.6% | +16.1% | +17.1% | |
| Q1 2016 | +0.1% | — | — | |
| Q4 2015 | -7.9% | — | — | |
| Q3 2015 | +4.1% | — | — | |
| Q2 2015 | +4.3% | — | — | |
| Q1 2015 | -0.1% | — | — | |
| Q4 2014 | +3.7% | — | — | |
| Q3 2014 | +8.0% | — | — | |
| Q2 2014 | +2.3% | — | — | |
| Q1 2014 | -1.4% | — | — | |
| Q4 2013 | +5.4% | — | — | |
| Q3 2013 | -2.6% | — | — | |
| Q2 2013 | +0.4% | — | — | |
| Q1 2013 | -3.6% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q3 2012 | +4.9% | — | — | |
| Q4 2011 | -3.0% | — | — | |
| Q2 2012 | -4.6% | — | — | |
| Q1 2011 | +7.5% | — | — | |
| Q1 2012 | +8.5% | — | — | |
| Q4 2009 | -2.5% | — | — | |
| Q3 2010 | -2.5% | — | — | |
| Q3 2011 | +7.4% | — | — | |
| Q2 2011 | +4.4% | — | — | |
| Q2 2010 | +4.4% | — | — | |
| Q4 2010 | +4.4% | — | — | |
| Q1 2010 | +7.8% | — | — |
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