Innospec Approves New $50M Share Buyback Plan

Dow Jones2025-03-11

By Stephen Nakrosis

Innospec said its board has approved a new $50 million share repurchase program.

The company added that its prior $50 million share buyback plan expired in the first quarter of this year.

Patrick Williams, the specialty chemical company's president and chief executive officer, said Innospec has over $289 million in net cash and flexibility and balance sheet strength for further M&A, organic investment, dividend growth and share repurchases under the renewed buyback program.

Innospec has a market capitalization of $2.51 billion with 24.96 million shares outstanding and a public float of 24.6 million shares.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

March 10, 2025 17:07 ET (21:07 GMT)

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