Innophos Holdings Inc. (IPHS) reported that its fourth-quarter net income was $20.95 million or $0.93 per share, up from $19.26 million or $0.86 per share in the same quarter last year.
Excluding the fourth quarter water duties and currency translation items, fourth quarter 2011 earnings per share was $0.88 compared to $0.89 for the 2010 fourth quarter.
Net sales for the quarter rose to $209.16 million from $192.22 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.88 per share on revenues of $218.15 million for the quarter. Analysts' estimates typically exclude special items.
The company expects 2012 Specialty Phosphates volume growth to be in line with the 4-6% long term expectation driven by product innovation and geographic growth.
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