Innophos 3Q income soars

Cranbury, N.J.-Specialty phosphate maker Innophos Holdings Inc. reported net income of $79.6 million ($3.64 per diluted share) for the third quarter ending Sept. 30, 2008, up from the year-ago $5.6 million ($.26 per share). Innophos continued to set earnings records for the third straight quarter. Net sales were up, to $291.8 million from the year-ago $146.4 million. Nine-month net income was $148.2 million, up from the year-ago loss of $1.6 million.