Newmarket Stock Price, News & Analysis

NewMarket Corporation (NYSE:NEU) reported a robust second quarter of 2022, with net income rising to $66.5 million compared to $52.0 million in Q2 2021. Earnings per share climbed to $6.54. For the first half, net income reached $125.8 million, marking a slight increase from $121.7 million year-over-year. Sales in the petroleum additives segment hit a record $1.4 billion, up 20% from the previous year. Despite increased profits, the company highlighted ongoing challenges from inflation and supply chain disruptions, emphasizing cost control and margin recovery as priorities.

Afton Chemical Corporation has completed a $70 million investment in its Sauget, IL plant to enhance Automatic Transmission Fluid (ATF) additive production. This expansion aims to meet the rising demand for electric vehicle (EV) fluids, including hybrid and battery electric vehicles. The company has invested over $500 million globally since 2016 to improve its manufacturing capabilities. The Sauget facility, operational since 1975, is recognized for its high manufacturing standards.

NewMarket Corporation (NYSE: NEU) will release its second quarter 2022 earnings on August 2, 2022, after market close. Following this, the company will host a conference call on August 3, 2022, at 3:00 pm EDT, to discuss the financial results. Investors can access the announcement on the company's website, www.NewMarket.com, and listen to the live call or its replay through the same platform. NewMarket, through its subsidiaries, specializes in manufacturing chemical additives for petroleum products.

NewMarket Corporation (NYSE: NEU) declared a quarterly dividend of $2.10 per share, payable on July 1, 2022, for shareholders of record by June 15, 2022. NewMarket, through subsidiaries Afton Chemical Corporation and Ethyl Corporation, specializes in chemical additives enhancing petroleum products. The press release highlights forward-looking statements, cautioning shareholders about potential risks affecting business operations, including supply chain issues, competition, and regulatory factors. Stakeholders are advised to review detailed risk factors in NewMarket's filings with the Securities and Exchange Commission.

NewMarket Corporation (NYSE:NEU) reported a net income of $59.3 million for Q1 2022, down from $69.7 million in Q1 2021, translating to earnings per share of $5.75. Despite an increase in sales for the petroleum additives segment to $660.3 million from $564.9 million, operating profit decreased to $86.9 million due to rising raw material costs. Shipments rose 2.3% overall, although challenges from supply chain disruptions persist. The company continues to prioritize margin recovery, cost control, and enhancing supply chain performance.

Afton Chemical has launched Greenclean™ 3, an advanced diesel fuel detergent technology now available in North America. This new product enhances performance in heavy-duty fleets and off-road equipment, boasting a robust detergent system that reduces emissions and improves fuel economy. Key benefits include protection against deposits, enhanced filterability, and reduced complexity in additive handling. The development is backed by Afton's industry experience and has been validated in real-world conditions, indicating strong fuel economy benefits.

NewMarket Corporation (NYSE: NEU) will release its first quarter 2022 earnings on April 27, 2022, after market close. A conference call to discuss the results is scheduled for April 28, 2022, at 3:00 PM EDT. The call can be accessed by phone or via the company’s website. NewMarket Corporation, through its subsidiaries Afton Chemical and Ethyl Corporation, focuses on developing and delivering chemical additives for petroleum products, enhancing performance and sustainability across the industry.

NewMarket Corporation (NYSE: NEU) announced the election of Ting Xu to its Board of Directors, effective February 24, 2022. Xu is the Founder and Chairwoman of Evergreen Enterprises, and the Chairwoman and Majority Owner of Plow & Hearth and Vivaterra. She will also serve on the Nominating & Corporate Governance and Compensation Committees. Chairman and CEO Thomas E. Gottwald expressed enthusiasm for her extensive business background and leadership experience. NewMarket develops chemical additives through its subsidiaries, enhancing the performance of petroleum products.

The Board of Directors of NewMarket Corporation (NYSE: NEU) has declared a quarterly dividend of $2.10 per share on common stock, payable on April 1, 2022, to shareholders of record by March 15, 2022. NewMarket, along with its subsidiaries Afton Chemical Corporation and Ethyl Corporation, specializes in developing chemical additives for petroleum products, enhancing performance and environmental sustainability. The company acknowledges potential risks affecting its operational performance, including raw material availability and technological changes.