NewMarket Q3 2024 Earnings Report
Key Takeaways
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.
Net income for the third quarter of 2024 was $132.3 million, or $13.79 per share.
Petroleum additives sales for the third quarter of 2024 were $663.0 million.
Specialty materials sales were $59.1 million for the third quarter of 2024.
Petroleum additives operating profit for the third quarter of 2024 was $157.5 million.
NewMarket
NewMarket
NewMarket Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income