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 Corporation (NYSE: NEU) is a manufacturing holding company active in specialty chemicals and specialty materials, and its news flow reflects both financial performance and strategic activity. Through subsidiaries such as Afton Chemical Corporation, Ethyl Corporation, American Pacific Corporation (AMPAC), and Calca Solutions, LLC, the company reports on developments in petroleum additives for fuels and lubricants as well as materials used in aerospace and defense applications.
Investors following NEU news will find regular earnings announcements that detail segment net sales, operating profit, and net income, along with commentary on shipment trends in lubricant additives, fuel additives, and specialty materials. These releases often discuss factors affecting results, such as market conditions, technology investments, and efficiency initiatives across NewMarket’s global operations.
The company also issues news on capital allocation decisions, including quarterly dividend declarations and changes to the dividend rate, as approved by its Board of Directors. Press releases describe how operating cash flows support dividends, share repurchases, capital expenditures, and debt reduction, giving context to NewMarket’s approach to shareholder returns.
Another important category of NEU news covers acquisitions and segment expansion. NewMarket has announced the acquisition of American Pacific Corporation and the completion of the acquisition of Calca Solutions, LLC, highlighting its strategy to expand in resilient, high-technology specialty materials, including UltraPure and high-purity hydrazine for aerospace and defense propulsion.
In addition, NewMarket provides updates on conference calls and webcasts scheduled to review quarterly results, enabling analysts and shareholders to hear management’s discussion of performance and outlook. For a fuller picture of NEU, readers can use this news feed to track financial results, dividend actions, and strategic moves across both the petroleum additives and specialty materials segments over time.
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NewMarket Corporation (NYSE:NEU) reported a strong performance in Q1 2023, with a net income of $97.6 million or $10.09 per share, compared to $59.3 million or $5.75 per share in Q1 2022. Revenue from petroleum additives reached $700.0 million, an increase from $660.3 million year-on-year. Operating profit surged to $132.1 million, up from $86.9 million the previous year, attributed to higher selling prices despite increased costs and a 15.4% decline in shipments. The company prioritized cost control and margin recovery amid economic challenges, with a Net Debt to EBITDA ratio of 1.7. Shareholder returns included $48.8 million via dividends and share repurchases, underlining a commitment to long-term value. A conference call is set for April 27, 2023, to discuss these results further.
NewMarket Corporation (NYSE: NEU) plans to release its first quarter 2023 earnings after market close on April 26, 2023. A conference call to discuss these results is scheduled for 3:00 pm EDT on April 27, 2023. Interested parties can listen to the call by dialing 1-888-506-0062 (domestic) or 1-973-528-0011 (international). A replay will be available until May 4, 2023. NewMarket, through its subsidiaries Afton Chemical and Ethyl Corporation, produces chemical additives that enhance petroleum products, focusing on performance improvement across engines and fuels.
The Board of Directors of NewMarket Corporation (NYSE: NEU) has declared a quarterly dividend of $2.10 per share, payable on April 3, 2023, to shareholders of record as of March 15, 2023. NewMarket, through its subsidiaries Afton Chemical and Ethyl Corporation, specializes in chemical additives that improve petroleum product performance. However, the company acknowledges various risks, including raw material availability, production disruptions, and regulatory challenges that could impact actual results. Investors are encouraged to review risk factors detailed in NewMarket's 2022 Annual Report.
NewMarket Corporation (NYSE: NEU) reported a robust financial performance for 2022, achieving a net income of $279.5 million or $27.77 per share, up from $190.9 million in 2021. The fourth quarter's net income was $90.5 million, translating to $9.26 per share. Petroleum additives sales reached $2.8 billion for the year, a significant increase from $2.3 billion in 2021. Operating profit for the segment was $378.2 million, reflecting increased selling prices despite rising costs. However, shipments fell by 2.9%, largely due to supply chain disruptions. The company maintained low leverage with a Net Debt to EBITDA ratio of 2.0.
NewMarket Corporation (NYSE: NEU) will release its fourth quarter and full year 2022 earnings on January 31, 2023, after market close. The results will be available on the company’s website the following day. A conference call is scheduled for February 1, 2023, at 3:00 PM EST to discuss the financial results. Investors can access the call by phone or online, with a replay available until February 8, 2023.
NewMarket operates through subsidiaries Afton Chemical Corporation and Ethyl Corporation, focusing on chemical additives for petroleum products.
NewMarket Corporation (NYSE: NEU) announced the retirement of Regina Anne Harm from her role as President of Afton Chemical Corporation, effective December 31, 2022. Mrs. Harm has been with Afton for over 15 years, leading the company through significant challenges. Brian D. Paliotti, previously CFO, will succeed her as President starting January 1, 2023. CEO Teddy Gottwald expressed confidence in Paliotti's leadership, emphasizing his experience and focus on cost-savings and team development. This management change aims to continue Afton's growth and adaptability.
NewMarket Corporation (NYSE: NEU) has declared a quarterly dividend of $2.10 per share, payable on January 3, 2023, to shareholders on record as of December 15, 2022. The company, through its subsidiaries Afton Chemical and Ethyl Corporation, specializes in manufacturing chemical additives that improve petroleum product performance. Although management has reasonable expectations of future performance, various risks such as raw material availability, production disruptions, and regulatory changes could impact actual results significantly.
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