03:30 AM EDT, 03/11/2025 (MT Newswires) -- Innospec ( IOSP ) said late Monday that its board has approved a new $50 million share repurchase program.
The chemical manufacturer said that its previous $50 million share buyback program expired in Q1.
President and Chief Executive Patrick S. Williams said that the company has over $289 million in net cash, giving it "significant flexibility and balance sheet strength."