Key Developments

The company’s share repurchase program has been a key component of its capital allocation strategy. The program, which was announced in 2020, aimed to return value to shareholders by repurchasing up to $100 million of its outstanding shares. However, the program expired in the first quarter of 2025, and purchases may be made at management’s discretion.

Recent Share Repurchases

Innospec has made significant investments in its share repurchase program. As of the end of 2022, the company had repurchased approximately $70 million of its outstanding shares. This represents a significant portion of the initial $100 million target set by the program. The share repurchase program has been a key driver of the company’s capital allocation strategy. The program has returned value to shareholders by repurchasing shares. The program has also helped to reduce the company’s share count, which can increase earnings per share.

These statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. #

The Impact of Climate Change on Global Food Systems

Understanding the Risks

Climate change is having a profound impact on global food systems, affecting the availability, accessibility, and affordability of food for millions of people around the world. Rising temperatures, changing precipitation patterns, and increased frequency of extreme weather events are altering the conditions under which crops are grown, leading to reduced yields, lower quality produce, and increased crop failures.

Further details on this topic will be provided shortly.