Newmarket Stock Price, News & Analysis

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.

NewMarket Corporation (NYSE:NEU) reported a net income of $52.0 million for Q2 2021, equating to $4.75 per share, a significant increase from $22.3 million or $2.05 per share in Q2 2020. For the first half of 2021, net income rose to $121.7 million or $11.13 per share, up from $107.9 million in 2020. The petroleum additives segment saw sales climb to $586.6 million, a 43.5% increase year-over-year. However, operating margins at 12.7% fell below historical averages due to rising raw material costs.

NewMarket Corporation (NYSE: NEU) will announce its second quarter 2021 earnings on July 28, 2021, after market close, with details available on its website the next day. A conference call to discuss the financial results is scheduled for July 29, 2021, at 3:00 pm EDT. Participants can join by phone or stream the call online. NewMarket operates through its subsidiaries, Afton Chemical and Ethyl Corporation, providing chemical additives that improve petroleum products, enhancing engine performance and fuel efficiency.

The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend of $1.90 per share on common stock, payable on July 1, 2021, to shareholders of record by June 15, 2021. NewMarket, through subsidiaries Afton Chemical and Ethyl Corporation, focuses on developing and delivering chemical additives that enhance petroleum products. The company warns that actual results may differ from expectations due to various risks, including supply chain disruptions, competition, regulatory changes, and technological challenges.

NewMarket Corporation (NYSE:NEU) has reported Q1 2021 net income of $69.7 million ($6.38 per share), down from $85.5 million ($7.67 per share) in Q1 2020. Sales in the petroleum additives segment rose 1.4% to $564.9 million. However, operating profit fell 17.2% to $94.1 million due to lower prices and increased raw material costs, despite a 2.6% increase in shipments. Government COVID-19 restrictions have negatively impacted operations, with the company emphasizing the need for margin improvement amidst rising costs.

NewMarket Corporation (NYSE: NEU) will release its first quarter 2021 earnings after market close on April 21, 2021. The results will be accessible on the Company’s website the next day. A conference call will take place on April 22, 2021, at 3:00 pm EDT to discuss the financial results. Participants can join by calling 1-844-369-8770 domestically or 1-862-298-0840 internationally. The call will also be available via webcast, with a replay lasting 30 days. NewMarket specializes in chemical additives for enhancing petroleum products through its subsidiaries Afton Chemical and Ethyl Corporation.

NewMarket Corporation (NYSE: NEU) has declared a quarterly dividend of $1.90 per share on its common stock. This dividend is slated for payment on April 1, 2021, to shareholders of record as of the close of business on March 15, 2021. NewMarket, through its subsidiaries Afton Chemical Corporation and Ethyl Corporation, specializes in developing chemical additives that enhance petroleum products. These advancements improve engine performance and fuel efficiency, contributing to a cleaner environment.

NewMarket Corporation (NYSE:NEU) reported a net income of $66.9 million for Q4 2020, up from $50.1 million in Q4 2019, translating to $6.12 per share. The full-year net income reached $270.6 million, or $24.64 per share, bolstered by a $16.5 million gain from property sales and a lower tax rate of 18.3%. Despite a slight 1.2% drop in Q4 sales to $525.2 million, operating profit surged to $84.3 million. Annual sales fell to $2.0 billion, primarily due to lower shipments and prices amidst pandemic-related challenges. The company remains cautious about ongoing market recovery.