Newmarket - NEU STOCK NEWS

NewMarket (NYSE:NEU) reported strong Q1 2025 financial results with net income of $125.9 million ($13.26 per share), up from $107.7 million ($11.23 per share) in Q1 2024. Petroleum additives sales decreased to $645.6 million from $677.3 million, with operating profit declining to $142.1 million from $150.9 million, primarily due to a 7.2% decrease in shipments.

Specialty materials segment showed significant improvement, with sales increasing to $53.7 million from $17.0 million and operating profit reaching $23.2 million compared to a $5.0 million loss in Q1 2024. The company repurchased $57.1 million in common stock, paid $26.1 million in dividends, and reduced Net Debt by $21.5 million.

AMPAC announced plans for a $100 million investment to expand ammonium perchlorate production capacity by over 50% at its Cedar City, Utah facility, with completion expected in 2026.

NewMarket (NYSE: NEU) subsidiary AMPAC has announced plans for a $100 million capital investment to expand its ammonium perchlorate production capabilities. The expansion will increase capacity by more than 50% through the construction of an additional production line, scheduled for completion in 2026.

The investment aims to meet growing demand from U.S. military and space launch programs, as well as U.S. allies' needs. AMPAC, based in Cedar City, Utah, is North America's leading manufacturer of critical performance additives for solid rocket motors, serving space launch and national defense programs for over 60 years.

The project remains subject to NewMarket's board approval. AMPAC, acquired by NewMarket in January 2024, operates one facility with approximately 170 full-time employees and also manufactures Halotron BrX, an environmentally friendly fire extinguishing agent.

NewMarket (NYSE: NEU) has scheduled its first quarter 2025 earnings release for Wednesday, April 23, 2025, after market close. The company will host a conference call and webcast on Thursday, April 24, 2025, at 3:00 pm ET to discuss the financial results.

Investors can join the conference call by dialing 1-888-506-0062 (domestic) or 1-973-528-0011 (international). A replay will be available until May 1, 2025, and the webcast will be accessible for 30 days through the company's website.

NewMarket operates through its subsidiaries: Afton Chemical and Ethyl , which produce chemical additives for petroleum products, and American Pacific (AMPAC), which manufactures specialty materials for aerospace and defense industries.

NewMarket (NYSE: NEU) has announced a 10% increase in its quarterly dividend to $2.75 per share, up from the previous $2.50. The dividend will be payable on April 1, 2025, to shareholders of record as of March 17, 2025.

NewMarket operates through three subsidiaries: Afton Chemical and Ethyl , which develop chemical additives for petroleum products, and AMPAC, which manufactures specialty materials for aerospace and defense industries.

NewMarket (NYSE:NEU) reported strong financial results for Q4 and full-year 2024. The company achieved net income of $462.4 million ($48.22 per share) for 2024, up from $388.9 million ($40.44 per share) in 2023. Q4 2024 net income was $110.7 million ($11.56 per share).

The Petroleum additives segment posted sales of $2.6 billion in 2024, with operating profit increasing to $591.9 million from $514.4 million in 2023, driven by lower operating and raw material costs. The newly acquired AMPAC business, reported under the specialty materials segment, generated sales of $141.2 million in 2024, exceeding pre-acquisition expectations.

The company demonstrated strong cash flow management, reducing debt by $373 million since the AMPAC acquisition and maintaining a Net Debt to EBITDA ratio of 1.2, below the target range of 1.5-2.0. NewMarket paid $95.9 million in dividends and invested $57.3 million in capital expenditures during 2024.

NewMarket (NYSE: NEU) has announced its schedule for the release of fourth quarter and full year 2024 financial results. The company will release earnings after market close on Monday, February 3, 2025, followed by a conference call and webcast on Tuesday, February 4, 2025, at 3:00 PM ET.

Investors can access the conference call by dialing 1-888-506-0062 (domestic) or 1-973-528-0011 (international). A replay will be available until February 11, 2025, and the webcast will be accessible for 30 days through the company's website. NewMarket operates through its subsidiaries Afton Chemical, Ethyl , and American Pacific , focusing on chemical additives for petroleum products and specialty materials for aerospace and defense industries.

NewMarket (NYSE: NEU) has announced the promotion of Bryce D. Jewett III to Executive Vice President and General Counsel, effective January 1, 2025. Jewett, who currently serves as Vice President and General Counsel, joined the company in 2020 after working as a Partner at McGuireWoods LLP specializing in Mergers and Acquisitions.

NewMarket operates through three subsidiaries: Afton Chemical , Ethyl , and American Pacific (AMPAC). Afton and Ethyl focus on chemical additives for petroleum products, while AMPAC manufactures specialty materials for aerospace and defense industries.

NewMarket (NYSE: NEU) has announced a new share repurchase program authorized by its Board of Directors. The program allows management to repurchase up to $500 million of outstanding common stock through December 31, 2027. This new initiative will replace the existing $500 million repurchase program approved in October 2021, which was set to expire on December 31, 2024.

The company may conduct repurchases through various methods, including open market transactions, private negotiations, block trades, or Rule 10b5-1 trading plans. The program is flexible with no specific share quantity requirement and can be suspended or terminated at any time.

NewMarket (NYSE: NEU) has announced a quarterly dividend of $2.50 per share on its common stock. The dividend will be paid on January 2, 2025, to shareholders of record as of December 16, 2024. The company operates through its subsidiaries Afton Chemical, Ethyl , and American Pacific (AMPAC), which develop and manufacture chemical additives for petroleum products and specialty materials for aerospace and defense industries.