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Dec 31, 2020
NewMarket Q4 2020 Earnings Report
NewMarket's Q4 2020 results were released, showcasing an increase in net income and earnings per share compared to Q4 2019.
Key Takeaways
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.
Net income for Q4 2020 was $66.9 million, or $6.12 per share, compared to $50.1 million, or $4.48 per share, for Q4 2019.
Petroleum additives sales for Q4 2020 were $525.2 million, down 1.2% compared to the same period last year.
Petroleum additives operating profit for Q4 2020 was $84.3 million, compared to $73.6 million for Q4 2019.
The effective tax rate for 2020 was 18.3%, a decrease compared to 23.3% for 2019, mainly due to finalizing prior year tax filings and releasing certain tax reserves.
Revenue by Segment
Forward Guidance
Looking ahead to 2021, NewMarket will continue to monitor government restrictions and vaccination programs, focusing on long-term success, customer needs, and shareholder value.
Positive Outlook
- Emphasis on satisfying customer needs.
- Generating solid operating results.
- Promoting the greatest long-term value for shareholders, customers and employees.
- Long-term view.
- Customer-focused solutions.
Challenges Ahead
- Government restrictions on the movement of people, goods and services.
- Status of vaccination programs that are being implemented globally.
- Economic uncertainty resulting from the ongoing effects of the COVID-19 pandemic.
- Related restrictions on the movement of people, goods and services.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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