Innospec (Nasdaq: IOSP ) reported earnings on Feb. 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Innospec beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share contracted significantly.
Gross margins increased, operating margins contracted, net margins contracted.
Innospec chalked up revenue of $213.7 million. The three analysts polled by S&P Capital IQ expected to see revenue of $206.6 million on the same basis. GAAP reported sales were 6.6% higher than the prior-year quarter's $200.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.89. The four earnings estimates compiled by S&P Capital IQ predicted $0.88 per share. GAAP EPS of $0.53 for Q4 were 35% lower than the prior-year quarter's $0.81 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.4%, 40 basis points better than the prior-year quarter. Operating margin was 12.2%, 120 basis points worse than the prior-year quarter. Net margin was 5.9%, 390 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $199.5 million. On the bottom line, the average EPS estimate is $0.85.
Next year's average estimate for revenue is $803.6 million. The average EPS estimate is $3.49.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 72 members out of 81 rating the stock outperform, and nine members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Innospec a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Innospec is outperform, with an average price target of $39.33.
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