Loading...
•
Dec 31, 2024
NewMarket Q4 2024 Earnings Report
NewMarket reported increased net income and petroleum additives operating profit, driven by lower operating costs in Q4 2024.
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.
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.
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
Loading earnings performance data...
Loading earnings reaction data...