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Innospec ( (IOSP) ) has issued an update.
On March 10, 2025, Innospec Inc. announced that its Board of Directors authorized a new $50 million share repurchase program, following the expiration of a similar program earlier in the year. This strategic move, supported by the company’s strong financial position with over $289 million in net cash, aims to provide flexibility for mergers and acquisitions, organic investments, dividend growth, and further share repurchases, potentially impacting the company’s market positioning and shareholder value.
More about Innospec
Innospec Inc. is an international specialty chemicals company with approximately 2,450 employees operating in 22 countries. The company manufactures and supplies a broad range of specialty chemicals to various markets, including Personal Care, Home Care, Agrochemical, Mining, and Industrial sectors. Its Fuel Specialties business focuses on fuel additives that enhance fuel efficiency, engine performance, and reduce emissions, while its Oilfield Services provide specialty chemicals for the oil and gas industry.
YTD Price Performance: -8.45%
Average Trading Volume: 154,822
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.46B
For detailed information about IOSP stock, go to TipRanks’ Stock Analysis page.