Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Innospec
So what: Sales were up 8% to $177.3 million in the quarter as its fuel specialties and active chemicals businesses delivered strong results. GAAP earnings per share took a dramatic jump higher, to $0.98 from a loss of $0.01 per share last year.
Now what: It's hard to compare these results against expectations because there aren't any, with only one analyst even following the company. That said, the results were encouraging considering that bad weather in December didn't help results. If results continue on this kind of pace, Innospec looks downright cheap right now.
Interested in more info on Innospec? Add it to your watchlist.
