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.
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.
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.