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NewMarket Corporation - NEU STOCK NEWS

Welcome to our dedicated page for NewMarket Corporation news (Ticker: NEU), a resource for investors and traders seeking the latest updates and insights on NewMarket Corporation stock.

NewMarket Corporation (NYSE: NEU) is a prominent holding company that oversees operations through its key subsidiaries: Afton Chemical Corporation and Ethyl Corporation. Positioned in the petroleum additives industry, NewMarket Corporation is dedicated to enhancing the performance of lubricating oils and fuels, catering to a myriad of applications in machinery, vehicles, and various equipment.

As a parent company, NewMarket provides strategic leadership, robust guidance, and unwavering support to its subsidiaries. This enables Afton Chemical and Ethyl Corporation to thrive in a dynamically evolving market. By focusing on producing outstanding products, implementing cutting-edge technology, and delivering unparalleled service, NewMarket ensures lasting quality and customer satisfaction.

Afton Chemical Corporation is renowned for its lubricant additives, which are formulated chemical solutions designed to blend with base fluids. These additives significantly improve the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids. This division is essential in enhancing the overall performance and lifespan of various lubricants used in industrial and automotive applications.

Ethyl Corporation specializes in fuel additives. These chemical components assist oil refiners in meeting stringent fuel specifications and provide formulated packages that elevate the performance of gasoline, diesel, biofuels, and other fuels. By focusing on regulatory compliance and performance enhancement, Ethyl Corporation ensures that fuels meet the highest standards of quality and efficiency.

Latest Achievements: NewMarket Corporation consistently innovates and adapts to market demands. Recent milestones include advancements in additive technology and the expansion of global partnerships, which bolster its market presence and reinforce its commitment to quality and sustainability.

Current Projects: The company is actively involved in developing next-generation additives that align with evolving environmental standards and performance requirements. By investing in research and development, NewMarket aims to lead the industry towards a more sustainable and efficient future.

Overall, NewMarket Corporation exemplifies excellence in the petroleum additives sector, driving progress through its subsidiaries while maintaining a steadfast commitment to quality, technology, and customer service.

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NewMarket (NYSE: NEU) will release its second-quarter 2024 earnings on July 29, 2024, after market close. The announcement will be available on the company's website the following day. A conference call and webcast to review the financial results are scheduled for July 30, 2024, at 3:00 pm ET. Interested parties can dial into the call or access it through the company's website. A replay will be available until August 6, 2024, and the webcast replay will be accessible for 30 days. NewMarket operates through subsidiaries Afton Chemical, Ethyl , and American Pacific , focusing on chemical additives and specialty materials for various industries.

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NewMarket (NEU) has declared a quarterly dividend of $2.50 per share on its common stock, payable on July 1, 2024. The company operates through subsidiaries Afton Chemical , Ethyl , and American Pacific , focusing on developing chemical additives and specialty materials for various industries.
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NewMarket reported strong first quarter 2024 results with a net income of $107.7 million and earnings per share of $11.23. Petroleum additives sales were $677.3 million, with an operating profit of $150.9 million. The acquisition of American Pacific was completed in January.
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NewMarket (NEU) announced the upcoming release of its first quarter 2024 earnings, with a scheduled conference call and webcast to review financial results. The company operates through subsidiaries Afton Chemical , Ethyl , and American Pacific , focusing on chemical additives and specialty materials for various industries.
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NewMarket Corporation (NEU) increases quarterly dividend by 11% to $2.50 per share, payable on April 1, 2024. The company operates through subsidiaries Afton Chemical Corporation, Ethyl Corporation, and American Pacific Corporation, focusing on chemical additives and specialty chemicals for petroleum, aerospace, and defense industries.
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NewMarket Corporation (NYSE:NEU) reported a net income of $388.9 million and earnings per share of $40.44 for 2023. The company also announced a working capital improvement of $134 million and $361 million repaid on revolving credit facility in 2023. They acquired American Pacific Corporation (AMPAC) in January 2024.
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AE Industrial Partners, LP has completed the sale of American Pacific Corporation to NewMarket Corporation for $700 million in cash. American Pacific is a leading specialty materials manufacturer of critical chemicals for U.S. Government's military and space programs, with a focus on missile defense, space launch, pharmaceutical, and fire suppression applications. The company also produces Halotron BrX, an environmentally friendly fire extinguishing agent. AEI has been a supportive investment partner, helping American Pacific strengthen its leadership position and support of customers.
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NewMarket Corporation (NEU) has completed the acquisition of AMPAC Intermediate Holdings, LLC for approximately $700 million. AMPAC is a leading manufacturer of critical performance additives for space launch and military defense applications, with a focus on environmentally friendly fire extinguishing agents. This acquisition expands NewMarket’s exposure to mission critical, resilient sectors, and aligns with the company's long-term commitment to safety and innovation.
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NewMarket Corporation (NYSE: NEU) expects to release its fourth quarter and full year 2023 earnings on January 31, 2024. A conference call and webcast are scheduled for February 1, 2024, to review the financial results. NewMarket Corporation, through its subsidiaries, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products.
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NewMarket Corporation (NEU) announced the acquisition of AMPAC Intermediate Holdings, LLC, the parent company of American Pacific Corporation, for approximately $700 million. AMPAC is a leading North American manufacturer of performance additives for space launch and military defense applications, including clean fire extinguishing agents. The acquisition expands NewMarket's exposure to resilient sectors, leveraging its long history in the manufacturing and specialty chemicals business.
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FAQ

What does NewMarket Corporation do?

NewMarket Corporation is a holding company that oversees Afton Chemical Corporation and Ethyl Corporation, focusing on the production and sale of petroleum additives for lubricating oils and fuels.

Who are NewMarket Corporation’s subsidiaries?

NewMarket Corporation's primary subsidiaries are Afton Chemical Corporation and Ethyl Corporation.

What products do Afton Chemical and Ethyl Corporation produce?

Afton Chemical produces lubricant additives, while Ethyl Corporation specializes in fuel additives.

How do lubricant additives improve performance?

Lubricant additives enhance the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids.

What role do fuel additives play?

Fuel additives help oil refiners meet fuel specifications and improve the performance of gasoline, diesel, biofuels, and other fuels.

What recent achievements has NewMarket Corporation made?

NewMarket Corporation has recently made advancements in additive technology and expanded its global partnerships.

What are the current projects of NewMarket Corporation?

NewMarket is focused on developing next-generation additives that meet environmental standards and performance requirements through ongoing research and development.

Why is NewMarket Corporation significant in the petroleum additives sector?

NewMarket Corporation is a leader in the industry due to its high-quality products, innovative technology, and strong customer service.

How does NewMarket Corporation support its subsidiaries?

NewMarket provides strategic leadership, guidance, and support to help its subsidiaries succeed in a changing market.

Where can I find the latest news about NewMarket Corporation?

The latest updates and news about NewMarket Corporation can be found on their official website and stock market news platforms like StockTitan.

NewMarket Corporation

NYSE:NEU

NEU Rankings

NEU Stock Data

5.23B
9.59M
31.12%
63.29%
0.85%
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