INNOSPEC INC. (IOSP) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Fuel Specialties	730.2	618.3	512.7	583.7	574.5	523.8		532.8
Oilfield Services	593.8	339.8	255.0	479.9	400.6	304.4		265.0
Performance Chemicals	639.7	525.3	425.4	428.7	468.1	419.5		155.0
Octane Additives				21.0	33.7	59.1		59.5
Total revenues	1,963.7	1,483.4	1,193.1	1,513.3	1,476.9	1,306.8	-214.5	1,012.3
Revenue growth [+]	32.4%	24.3%	-21.2%	2.5%	13.0%	-709.2%	-121.2%	5.3%
Fuel Specialties	18.1%	20.6%	-12.2%	1.6%	9.7%			-6.0%
Oilfield Services	74.7%	33.3%	-46.9%	19.8%	31.6%			64.3%
Performance Chemicals	21.8%	23.5%	-0.8%	-8.4%	11.6%			-12.7%
Octane Additives				-37.7%	-43.0%			7.8%
Cost of goods sold	1,374.7	1,046.2	847.5	1,043.7	1,038.5	899.2	-546.8	666.3
Gross profit	589.0	437.2	345.6	469.6	438.4	407.6	332.3	346.0
Gross margin	30.0%	29.5%	29.0%	31.0%	29.7%	31.2%	-154.9%	34.2%
Selling, general and administrative	360.7	267.2	237.0	280.9	261.0	244.2	216.7	206.7
Research and development	38.7	37.4	30.9	35.4	33.4	31.4	25.4	25.3
Other operating expenses	2.3	2.3	2.9	3.4	3.4	7.9	-16.0	-43.9
EBITDA [+]	227.4	173.0	120.8	197.5	190.2	174.5	144.3	193.1
EBITDA growth	31.4%	43.2%	-38.8%	3.8%	9.0%	20.9%	-25.3%	36.4%
EBITDA margin	11.6%	11.7%	10.1%	13.1%	12.9%	13.4%	-67.3%	19.1%
Depreciation	26.1	26.7	25.1	24.6	23.3	22.1	13.9	14.2
EBITA	201.3	146.3	95.7	172.9	166.9	152.4	130.4	178.9
EBITA margin	10.3%	9.9%	8.0%	11.4%	11.3%	11.7%	-60.8%	17.7%
Amortization of intangibles	14.0	16.0	20.9	23.0	26.3	28.3	24.2	21.0
EBIT [+]	187.3	130.3	74.8	149.9	140.6	124.1	106.2	157.9
EBIT growth	43.7%	74.2%	-50.1%	6.6%	13.3%	16.9%	-32.7%	40.4%
EBIT margin	9.5%	8.8%	6.3%	9.9%	9.5%	9.5%	-49.5%	15.6%
Non-recurring items [+]		-1.8	41.1		7.1	-0.9	8.0	1.6
Asset impairment			19.8
Loss (gain) on sale of assets		-1.8
Loss (gain) on sale of business						-0.9	-1.4	1.6
Loss on contingent liability							9.4
Interest expense	1.1	1.5	1.8	4.8	6.9	8.2	3.2	4.0
Interest expense	1.1	1.5	1.8	4.8	6.9	8.2	3.2	4.0
Other income (expense), net [+]	-1.6	3.8	7.8	5.3	5.0	11.3	8.1
Gain (loss) on foreign currency transactions						-1.8
Change in value of contingent liability								40.7
Other	-1.6	3.8	7.8	5.3	5.0	11.3	8.1
Pre-tax income	184.6	134.4	39.7	150.4	131.6	128.1	103.1	152.3
Income taxes	51.6	41.3	11.0	38.2	46.6	66.3	21.8	32.8
Tax rate	28.0%	30.7%	27.7%	25.4%	35.4%	51.8%	21.1%	21.5%
Net income	133.0	93.1	28.7	112.2	85.0	61.8	81.3	119.5
Net margin	6.8%	6.3%	2.4%	7.4%	5.8%	4.7%	-37.9%	11.8%

Basic EPS [+]	$5.37	$3.78	$1.17	$4.58	$3.48	$2.56	$3.39	$4.96
Growth	42.1%	223.3%	-74.5%	31.6%	36.1%	-24.5%	-31.7%	43.8%
Diluted EPS [+]	$5.32	$3.75	$1.16	$4.54	$3.45	$2.52	$3.33	$4.86
Growth	42.1%	223.4%	-74.5%	31.3%	36.9%	-24.1%	-31.5%	43.6%

Dividends per share [+]	$1.28	$1.16	$1.04	$1.02	$0.89	$0.77	$0.67	$0.61
Growth	10.3%	11.5%	2.0%	14.6%	15.6%	14.9%	9.8%	10.9%

Shares outstanding (basic) [+]	24.8	24.6	24.6	24.5	24.4	24.1	24.0	24.1
Growth	0.6%	0.3%	0.3%	0.3%	1.0%	0.6%	-0.5%	-1.2%
Shares outstanding (diluted) [+]	25.0	24.9	24.8	24.7	24.6	24.5	24.4	24.6
Growth	0.5%	0.3%	0.2%	0.5%	0.5%	0.2%	-0.7%	-1.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.