NewMarket Q4 2024 Earnings Report
Key Takeaways
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.
Net income for Q4 2024 increased to $110.7 million, or $11.56 per share, from $80.4 million, or $8.38 per share, in the same period last year.
Petroleum additives sales for Q4 2024 totaled $626.1 million, compared to $642.0 million in 2023.
Petroleum additives operating profit for Q4 2024 rose to $135.7 million, driven by lower operating costs.
Specialty materials sales for Q4 2024 were $27.1 million, with an operating profit of $1.5 million.
NewMarket
NewMarket
NewMarket Revenue by Segment
Forward Guidance
NewMarket anticipates continued strength in both its petroleum additives and specialty materials segments in 2025 and beyond.
Positive Outlook
- Continuing to invest in technology to meet customer needs.
- Enhancing operational efficiency to sustain investments.
- Optimizing inventory levels.
- Improving portfolio profitability.
- Favorable results from ongoing efficiency initiatives.