Welcome to our dedicated page for Newmarket news (Ticker: NEU), a resource for investors and traders seeking the latest updates and insights on Newmarket stock.
NewMarket Corp (NEU) delivers essential chemical solutions through subsidiaries Afton Chemical and Ethyl Corporation, specializing in advanced petroleum additives for global industries. This news hub provides investors and professionals with centralized access to official updates and market developments.
Track earnings announcements, product innovations, and strategic partnerships shaping the petroleum additives sector. Our curated collection ensures timely access to regulatory filings, operational milestones, and technology advancements impacting lubricant and fuel performance solutions.
Discover updates covering environmental compliance initiatives, manufacturing expansions, and research breakthroughs critical to automotive and industrial applications. Bookmark this page for streamlined monitoring of NEU's evolving market position and subsidiary achievements in chemical additive technology.
NewMarket (NYSE: NEU) announced a quarterly dividend of $2.50 per share on its common stock. This dividend will be payable on October 1, 2024, to shareholders recorded by the close of business on September 16, 2024.
NewMarket operates through subsidiaries Afton Chemical , Ethyl , and American Pacific (AMPAC). Afton and Ethyl focus on developing chemical additives to enhance petroleum products, while AMPAC manufactures specialty materials for aerospace and defense industries.
NewMarket (NYSE:NEU) reported strong Q2 and H1 2024 results. Q2 net income was $111.6 million ($11.63 per share), up from $99.6 million in Q2 2023. H1 net income reached $219.4 million ($22.87 per share), compared to $197.2 million in H1 2023. Petroleum additives operating profit increased to $147.8 million in Q2 and $298.7 million in H1, driven by lower costs and increased shipments.
The company completed the acquisition of AMPAC on January 16, 2024, which is now part of the specialty materials segment. This segment reported Q2 sales of $38.0 million and operating profit of $5.0 million. NewMarket has reduced debt by $171 million since the AMPAC acquisition, with a Net Debt to EBITDA ratio of 1.6 as of June 30, 2024.
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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