INNOSPEC INC. IOSP Income Statement

Innospec inc. (IOSP)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net sales
372,300	390,700	371,900	362,400	388,300	395,000	363,100	358,100	360,700	353,800	332,400	326,300	294,300	237,800	205,500	228,000	212,100	246,000	254,200	242,900	269,200	290,700	228,200	221,300	220,700	241,600	192,800	185,000	199,400	213,700	183,400	178,500	200,800	200,500	202,100	186,500	185,300	174,000	168,400
Cost of goods sold
258,400	272,500	252,800	251,300	270,500	278,300	252,100	255,300	256,200	245,300	233,600	221,200	203,400	146,400	126,300	142,500	135,900	159,700	163,800	155,400	187,400	196,600	154,600	152,700	155,000	167,000	135,400	125,600	135,600	148,700	132,700	121,800	136,800	142,700	144,400	128,400	132,500	119,400	114,400
Gross profit
113,900	118,200	119,100	111,100	117,800	116,700	111,000	102,800	104,500	108,500	98,800	105,100	90,900	91,400	79,200	85,500	76,200	86,300	90,400	87,500	81,800	94,100	73,600	68,600	65,700	74,600	57,400	59,400	63,800	65,000	50,700	56,700	64,000	57,800	57,700	58,100	52,800	54,600	54,000
Operating expenses:
Selling, general and administrative
64,400	66,000	71,200	71,200	72,500	63,200	64,700	65,800	67,300	63,800	61,900	62,100	56,400	63,600	56,100	53,100	43,900	55,100	52,700	50,200	48,700	47,100	42,400	37,700	42,000	43,100	31,800	31,500	35,700	35,700	28,300	27,300	27,800	31,200	72,600	30,500	24,000	28,600	24,100
Research and development
8,600	8,400	9,700	8,200	9,100	8,300	8,100	8,700	8,300	7,600	7,900	8,500	7,400	5,800	6,500	6,200	6,900	6,000	6,600	6,500	6,200	4,900	6,000	5,600	5,700	4,600	5,700	5,300	5,600	5,200	4,800	5,000	4,600	4,600	4,700	4,700	4,300	4,500	4,500
Restructuring charge
-	-	0	-	-	-	4,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	100	0	100	600	0	0	0	0	300
Adjustment to fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,100	-2,300	-2,400	-1,600	-9,100	-8,500	-26,600	3,500	-1,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of subsidiary
-	-	-	-	-	-	-	-	-	-	0	-1,000	-	0	0	0	-1,400	0	1,600	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange loss on liquidation of subsidiary
-	-	-	-	-	-	-	-	-	0	0	0	-1,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Octane Additives segment goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	400	300	300	300	300	300	300	300	600	500	600	600	500
Profit on disposal, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	-	-	0	-	-	0	200
Total operating expenses
73,000	74,400	80,900	79,400	81,600	73,800	77,600	74,500	75,600	71,300	69,800	71,600	65,600	66,300	60,300	56,900	50,600	52,000	49,200	30,100	58,400	50,100	48,400	43,300	47,700	48,000	37,900	37,100	41,600	41,100	33,400	32,600	32,800	36,700	77,900	35,700	28,900	33,700	29,200
Operating income
40,900	43,800	38,200	31,700	36,200	42,900	33,400	28,300	28,900	37,200	29,000	33,500	25,300	25,100	18,900	28,600	25,600	34,300	41,200	57,400	23,400	44,000	25,200	25,300	18,000	26,600	19,500	22,300	22,200	23,900	17,300	24,100	31,200	21,100	-20,200	22,400	23,900	20,900	24,800
Other income, net
3,900	200	1,000	0	4,100	700	-1,200	3,000	2,500	4,900	3,000	3,300	100	4,900	-5,000	8,500	-300	2,000	1,200	-4,700	1,500	-400	1,000	-700	1,900	4,900	-800	-1,000	1,000	1,300	-100	-4,300	1,100	-2,600	-4,300	7,900	5,300	11,600	-10,800
Interest expense, net
-600	-700	-1,400	-1,200	-1,500	-1,600	-1,800	-1,800	-1,700	-1,900	-2,100	-2,000	-2,200	-1,000	-700	-700	-800	-1,100	-1,000	-900	-1,000	-900	-800	-800	-900	-3,300	500	500	400	500	400	500	400	1,100	800	1,000	1,000	1,300	1,200
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	100	100	200	200	100	200	100	200	100	100	100
Income before income tax expense
44,200	43,300	37,800	30,500	38,800	42,000	30,400	29,500	29,700	40,200	29,900	34,800	23,200	29,000	13,200	36,400	24,500	35,200	41,400	51,800	23,900	42,700	25,400	23,800	19,000	30,700	18,300	20,900	22,900	24,800	17,000	19,500	32,000	17,600	-25,200	29,500	28,300	31,300	12,900
Income tax expense
11,100	12,200	7,700	8,200	10,100	21,600	9,800	7,700	7,500	45,000	6,600	8,700	6,000	6,900	1,800	7,500	5,600	3,700	5,800	17,300	6,000	14,800	4,600	5,300	2,100	2,000	4,300	3,800	4,900	13,500	1,500	4,000	7,400	-200	-8,400	4,900	6,800	1,300	900
Net income
33,100	31,100	30,100	22,300	28,700	20,400	20,600	21,800	22,200	-4,800	23,300	26,100	17,200	22,100	11,400	28,900	18,900	31,500	35,600	34,500	17,900	27,900	20,800	18,500	16,900	28,700	14,000	17,100	18,000	11,300	15,500	15,500	24,600	17,800	-16,800	24,600	21,500	30,000	12,000
Earnings per share:
Basic
1.35	1.27	1.23	0.91	1.17	0.84	0.84	0.89	0.91	-0.20	0.97	1.08	0.71	0.91	0.48	1.21	0.79	1.31	1.48	1.43	0.74	1.15	0.85	0.76	0.69	1.20	0.59	0.73	0.77	0.48	0.67	0.67	1.07	0.76	-0.71	1.04	0.91	1.26	0.50
Diluted
1.34	1.25	1.22	0.90	1.17	0.82	0.84	0.89	0.90	-0.19	0.95	1.06	0.70	0.91	0.47	1.18	0.77	1.29	1.45	1.40	0.72	1.11	0.83	0.75	0.69	1.18	0.58	0.71	0.75	0.48	0.65	0.65	1.03	0.75	-0.71	1.00	0.88	1.20	0.48
Weighted average shares outstanding (in thousands):
Basic
24,529	24,517	24,491	24,483	24,437	24,407	24,419	24,409	24,369	24,235	24,137	24,133	24,087	24,023	23,977	23,973	24,019	23,804	24,121	24,202	24,301	24,381	24,420	24,401	24,362	24,051	23,621	23,528	23,404	23,306	23,240	23,147	23,055	46,811	23,711	23,726	23	23,805	23,781
Diluted
24,742	24,925	24,715	24,678	24,594	24,650	24,597	24,591	24,574	24,297	24,565	24,555	24,527	24,366	24,476	24,443	24,483	24,358	24,611	24,671	24,808	25,290	24,915	24,672	24,635	24,456	24,096	24,057	24,015	23,760	23,923	23,894	23,823	49,825	23,711	24,519	24	25,002	25,005