Newmarket Stock Price, News & Analysis

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.

NewMarket Corporation (NYSE: NEU) has announced the redemption of its entire $350 million principal amount of 4.10% Senior Notes due March 15, 2022. The redemption will include 100% of the principal amount, applicable premium, and accrued interest. This action will be funded using cash from the previously issued $400 million 2.70% Senior Notes due 2031, completed in March 2021. A notice of redemption will be sent to current holders of the 2022 Notes. NewMarket, through its subsidiaries, specializes in chemical additives to enhance petroleum product performance.

NewMarket Corporation (NYSE:NEU) reported a full-year net income of $190.9 million with earnings per share of $17.71, down from $270.6 million and $24.64 per share in 2020. The fourth quarter net income was $17.2 million, significantly lower than $66.9 million in Q4 2020. Although petroleum additives sales rose to $2.3 billion, operating profit decreased to $281.1 million. Challenges included rising raw material costs and supply chain disruptions, influencing margins, which fell to 12.0% from 16.7%. Share repurchases totaled 566,671 shares in 2021.

NewMarket Corporation (NYSE: NEU) is set to announce its fourth quarter and full year 2021 earnings on February 2, 2022. The results will be available on the Company’s website the following day. A conference call will occur on February 3, 2022, at 3:00 PM EST to discuss the financial results. Investors can join the call by dialing the provided numbers or accessing it via the Company’s website. NewMarket develops and distributes chemical additives through its subsidiaries, enhancing petroleum products' performance.

The Board of Directors of NewMarket Corporation (NYSE:NEU) has declared a quarterly dividend of $2.10 per share, payable on January 3, 2022. Shareholders of record as of December 15, 2021 will benefit from this distribution. Additionally, the Board approved a new share repurchase program authorizing the buyback of up to $500 million of common stock through December 31, 2024. This program replaces the previous buyback plan established in December 2018, which is set to expire by the end of 2021.

NewMarket Corporation (NYSE:NEU) reported a third-quarter net income of $52.0 million ($4.80 per share), down from $95.8 million ($8.77 per share) in Q3 2020. Petroleum additives sales rose to $619.1 million, an 11.9% increase year-over-year. However, operating profit decreased to $72.1 million due to rising raw material and conversion costs. The quarterly dividend increased by 10.5% to $2.10 per share, and the company repurchased 292,392 shares for $99.5 million. Year-to-date, net income was $173.7 million, reflecting pressures from supply chain disruptions.

NewMarket Corporation (NYSE: NEU) will announce its third-quarter earnings on October 25, 2021, with results available the following day. A conference call is scheduled for October 26, 2021, at 3:00 pm EDT. Interested parties can join by calling 1-888-506-0062 (domestic) or 1-973-528-0011 (international). A replay of the call will be available until November 2, 2021. NewMarket, through its subsidiaries Afton Chemical and Ethyl Corporation, specializes in developing and delivering chemical additives for petroleum products.

The Board of Directors of NewMarket Corporation (NYSE: NEU) has declared a quarterly dividend of $2.10 per share, payable on October 01, 2021, to shareholders on record as of September 15, 2021. NewMarket, through its subsidiaries Afton Chemical and Ethyl Corporation, specializes in developing and manufacturing chemical additives that enhance petroleum product performance. The company acknowledges potential risks that may impact its operations, including raw material availability, regulatory changes, and competition, as outlined in its 2020 Annual Report.