Innospec reports Q1 EPS $1.25, consensus $1.19
Reports Q1 revenue $388.3M, consensus $383.7M. Commenting on the first quarter results, Patrick S. Williams, President and Chief Executive Officer, said, "I am very pleased to report another strong quarter of growth. We have again significantly increased sales, operating income and EPS. All our strategic business units have contributed to this growth, confirming the strength of our strategy." "This has been achieved despite the higher than anticipated costs driven by share-based compensation accruals, as our share price rose by 35 percent during the quarter impacting EPS by 23 cents. Even with this increase, we believe an improvement of 23 percent in adjusted EPS is an excellent result."