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Innospec (IOSP) Reports Third Quarter 2012 Financial Results
11/1/2012 7:23:56 AM
LITTLETON, Colo., Oct. 31, 2012 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced its financial results for the third quarter ended September 30, 2012.
Total net sales for the third quarter were $183.4 million, a 9 percent decrease from $202.1 million in the corresponding quarter last year. Net income was $15.5 million, or $0.65 per diluted share, and after adjustments for special items in both this year and last, was down $7.0 million or $0.28 per diluted share. EBITDA (earnings before interest, taxes, depreciation, amortization and impairment) for the quarter was $20.2 million, and benefited from minimal special items and stable exchange rates in the quarter.
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