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Dec 31, 2019
NewMarket Q4 2019 Earnings Report
NewMarket's Q4 2019 earnings decreased compared to the same period last year, with net income at $50.1 million and EPS at $4.48. Sales for the petroleum additives segment were $531.8 million, a slight decrease of 1.0% year-over-year. Shipments increased 1.4% after a period of decline, driven by lubricant additives.
Key Takeaways
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.
Q4 net income decreased to $50.1 million, or $4.48 per share, compared to $62.8 million, or $5.58 per share, in Q4 2018.
Sales for the petroleum additives segment were $531.8 million, a decrease of 1.0% compared to the same period last year.
Petroleum additives operating profit was $73.6 million, compared to $79.5 million for the fourth quarter of 2018.
Shipments increased 1.4% between periods, driven by lubricant additives shipments.
Revenue by Segment
Forward Guidance
NewMarket expects continued strength in its operations and the petroleum additives industry as a whole, focusing on managing its business and operating margins to ensure a robust future. The company anticipates the petroleum additives market to grow at 1% to 2% for the foreseeable future and believes it will exceed that growth rate.
Positive Outlook
- Continued strength in operations is expected.
- Continued strength in petroleum additives industry is expected.
- Focus on managing business and operating margins.
- Commitment to providing innovative solutions to customers.
- Investments in supply capabilities.
Challenges Ahead
- Challenging economic environment.
- Sustained increase in raw material costs.
- Potential risks related to operating outside of the United States.
- Impact of fluctuations in foreign exchange rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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