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ENGLEWOOD, CO—In a recent transaction, Ian Cleminson, Executive Vice President and Chief Financial Officer of Innospec Inc . (NASDAQ:IOSP), sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Cleminson sold 4,275 shares of Innospec common stock on March 3, 2025. The shares were sold at an average price of $100.98, resulting in a total transaction value of approximately $431,678. The transaction comes as the stock trades near its 52-week low of $97.24, having declined about 21% over the past year.
Following this transaction, Cleminson retains ownership of 15,858 shares in the company. The sale was conducted as a direct transaction, reflecting Cleminson’s personal holdings in Innospec. The company, headquartered in Englewood, Colorado, operates in the chemicals and allied products sector, providing specialty chemicals for various industries. With a market capitalization of $2.48 billion, Innospec maintains strong financial health according to InvestingPro analysis, boasting a healthy current ratio of 2.58 and a conservative debt-to-equity ratio of 0.04. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report covering this company’s detailed financial analysis.
In other recent news, Innospec Inc. reported its fourth-quarter 2024 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $1.41, compared to the forecasted $1.36. The company’s revenue for the quarter was $466.8 million, surpassing the anticipated $458.23 million. Despite these positive results, Innospec faced a 6% year-over-year revenue decline, with full-year revenue at $1.85 billion, down 5% from 2023. Performance Chemicals and Fuel Specialties segments showed strong revenue growth, but Oilfield Services revenue declined by 40%, impacting overall performance.
Innospec maintains a strong balance sheet with $289.2 million in cash and no debt, providing financial flexibility. Looking ahead, the company aims for improvements in operating income and margins, with expectations of partial recovery in the Oilfield Services segment in the latter half of 2025. Analysts from CJS Securities inquired about the sustainability of margins in the Fuel Specialties segment, to which Innospec’s management confirmed expectations of maintaining current margins. The company continues to focus on technologies that lower emissions and improve efficiencies, positioning itself for future growth despite current challenges.
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