INNOSPEC INC. Earnings Per Share Disclosure
Note 4. Earnings per Share
Basic earnings per share is based on the weighted average number of common shares outstanding during the period. Diluted earnings per share includes the effect of options that are dilutive and outstanding during the period. Per share amounts are computed as follows:
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2025 |
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2024 |
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2023 |
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Numerator (in millions): |
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Net income available to common stockholders |
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$ |
116.6 |
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$ |
35.6 |
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$ |
139.1 |
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Denominator (in thousands): |
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Weighted average common shares outstanding |
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24,880 |
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24,932 |
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24,851 |
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Dilutive effect of stock options and awards |
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113 |
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187 |
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171 |
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Denominator for diluted earnings per share |
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24,993 |
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25,119 |
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25,022 |
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Net income per share, basic: |
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$ |
4.69 |
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$ |
1.43 |
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$ |
5.60 |
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Net income per share, diluted: |
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$ |
4.67 |
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$ |
1.42 |
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$ |
5.56 |
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In 2025, 2024 and 2023 the average number of anti-dilutive options excluded from the calculation of diluted earnings per share were 23,414, 10,413 and 20,334 respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 16, 2022 | |
| 2020 | Feb 17, 2021 | |
| 2019 | Feb 19, 2020 | |
| 2018 | Feb 20, 2019 | |
| 2017 | Feb 15, 2018 | |
| 2016 | Feb 15, 2017 | |
| 2015 | Feb 17, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.