NewMarket Earnings Reports

NewMarket Corporation reported Q4 2024 net income of $110.7 million, or $11.56 per share, compared to $80.4 million, or $8.38 per share, for the same period last year. Petroleum additives sales were $626.1 million, while operating profit increased to $135.7 million due to lower operating costs. Specialty materials sales reached $27.1 million with an operating profit of $1.5 million.

NewMarket Corporation reported a strong third quarter with increased net income of $132.3 million, or $13.79 per share, compared to $111.2 million, or $11.60 per share, for the same period last year. Petroleum additives operating profit increased due to lower raw material and operating costs, while the specialty materials segment, which includes AMPAC, contributed $59.1 million in sales.

NewMarket Corporation reported a net income of $111.6 million, or $11.63 per share, for the second quarter of 2024, compared to $99.6 million, or $10.36 per share, for the same period last year. The increase in petroleum additives operating profit was mainly due to lower raw material and operating costs as well as increased shipments, partially offset by lower selling prices.

NewMarket Corporation reported a net income of $107.7 million, or $11.23 per share, for the first quarter of 2024. The company's petroleum additives business showed strong performance, with shipments up 4.7%. The acquisition of American Pacific Corporation (AMPAC) was completed in January, contributing to the company's new specialty materials segment.

NewMarket Corporation reported a net income of $80.4 million for Q4 2023, a decrease compared to $90.5 million in Q4 2022. Petroleum additives sales also decreased to $642.0 million from $680.3 million in the same period last year. The company highlighted its focus on managing operating costs and inventory levels, while continuing to invest in technology.

NewMarket Corporation reported a strong third quarter with a net income of $111.2 million and earnings per share of $11.60. The petroleum additives segment saw increased operating profit driven by favorable pricing and lower raw material costs, despite a decrease in shipments.

NewMarket Corporation reported a strong second quarter in 2023, with net income increasing to $99.6 million and earnings per share rising to $10.36. The petroleum additives segment saw a boost in operating profit due to increased selling prices, despite lower shipments.

NewMarket Corporation reported a strong first quarter in 2023, with net income increasing to $97.6 million, or $10.09 per share, driven by increased petroleum additives sales and operating profit. The company focused on cost control and margin recovery, with improvements in the supply chain.

NewMarket Corporation reported a net income of $90.5 million, or $9.26 per share, for the fourth quarter of 2022. Petroleum additives sales for the quarter were $680.3 million with an operating profit of $117.1 million. The company continues to focus on margin recovery and cost control.

NewMarket Corporation reported a net income of $63.2 million for the third quarter of 2022, an increase from $52.0 million in the same period last year. Earnings per share rose to $6.32 from $4.80 in the prior year period. Sales for the petroleum additives segment increased to $692.7 million from $619.1 million in the third quarter of 2021.

NewMarket Corporation reported a net income of $66.5 million and earnings per share of $6.54 for the second quarter of 2022, compared to a net income of $52.0 million and earnings per share of $4.75 for the second quarter of 2021. Sales for the petroleum additives segment increased to $721.0 million, with an operating profit of $91.2 million.

NewMarket Corporation reported a decrease in net income for the first quarter of 2022, with $59.3 million compared to $69.7 million in the same period last year. EPS also decreased to $5.75 from $6.38. However, sales for the petroleum additives segment increased to $660.3 million from $564.9 million in the first quarter of 2021.

NewMarket Corporation's net income for the fourth quarter of 2021 was $17.2 million, or $1.65 per share, compared to $66.9 million, or $6.12 per share, for the fourth quarter of 2020. Sales for the petroleum additives segment were $573.4 million, up from $525.2 million in the fourth quarter of 2020.

NewMarket Corporation reported a decrease in net income for the third quarter of 2021, with earnings per share also declining. The petroleum additives segment saw increased sales and shipments but faced pressure on operating profit due to higher raw material and conversion costs.

NewMarket Corporation reported a significant increase in net income for the second quarter of 2021, with earnings per share rising to $4.75 compared to $2.05 in the same period last year. Sales for the petroleum additives segment also increased, driven by higher shipments across all regions. However, operating margins were lower than historical averages due to rising raw material costs.

NewMarket Corporation reported a decrease in net income for the first quarter of 2021, with $69.7 million compared to $85.5 million for the same period in 2020. EPS also decreased from $7.67 to $6.38. Sales for the petroleum additives segment increased by 1.4%, while operating profit decreased by 17.2%.

NewMarket Corporation reported a net income of $66.9 million, or $6.12 per share, for the fourth quarter of 2020, compared to $50.1 million, or $4.48 per share, for the fourth quarter of 2019. Sales for the petroleum additives segment were $525.2 million, a decrease of 1.2% compared to the same period last year, while the petroleum additives operating profit increased to $84.3 million from $73.6 million in Q4 2019.

NewMarket Corporation reported a net income of $95.8 million for the third quarter of 2020, or $8.77 per share, compared to $67.8 million, or $6.06 per share, for the third quarter of 2019. The results reflect a strong market recovery in petroleum additives and include a $16.5 million gain from the sale of non-operating real estate.

NewMarket Corporation reported a decrease in net income for the second quarter of 2020 to $22.3 million, or $2.05 per share, compared to $74.2 million, or $6.63 per share, for the same period in 2019. The decline was primarily driven by a 24% decrease in shipments due to COVID-19 restrictions.

NewMarket Corporation reported a strong first quarter with net income increasing to $85.5 million, or $7.67 per share, compared to $62.2 million, or $5.57 per share, for the same period last year. Sales for the petroleum additives segment rose by 4.6% to $557.4 million, and the company repurchased 252,383 shares of its common stock for $94.3 million.

NewMarket Corporation reported a decrease in fourth-quarter earnings, with net income at $50.1 million, or $4.48 per share, compared to $62.8 million, or $5.58 per share, in the fourth quarter of 2018. Sales for the petroleum additives segment were $531.8 million, down 1.0% compared to the same period last year, but shipments increased 1.4% following a period of decline.