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NewMarket Corporation reports operating results, dividend actions, and segment updates for a holding company with businesses in petroleum performance additives and specialty materials. Through Afton Chemical and Ethyl, the company develops, manufactures, blends, and delivers additives that enhance petroleum and energy products. Through AMPAC and Calca Solutions, it manufactures specialty materials, including UltraPure and high-purity materials used in advanced aerospace applications.
Recurring developments include quarterly and annual earnings releases, segment operating profit trends, lubricant and energy-product additive demand, specialty materials volume changes, capacity investment, completed acquisitions, board-approved dividends, and conference-call scheduling. The petroleum performance additives segment operates across North America, Latin America, Asia Pacific, and EMEAI, while specialty materials operates primarily in North America.
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.
NewMarket Corporation (NYSE: NEU) will release its fourth quarter 2020 and full year earnings on February 3, 2021. The announcement will be available on its website the following day. A conference call for discussing the results is set for 3:00 pm EST on February 4, 2021, with access via phone or webcast. NewMarket, through its subsidiaries, specializes in chemical additives that improve petroleum products, focusing on enhanced engine performance and cleaner fuels.
NewMarket Corporation (NYSE:NEU) reported a net income of $95.8 million for Q3 2020, up from $67.8 million in Q3 2019, attributing the increase to lower costs, despite challenges in shipments. The company’s net income for the first nine months was $203.7 million, slightly down from $204.2 million in the prior year. Petroleum additives operating profit rose to $102.2 million in Q3 2020, boosted by lower raw material costs. However, sales for the segment fell to $510.3 million from $550.6 million YoY, due to decreased shipments. NewMarket remains committed to long-term investments and operational safety amidst the pandemic.
The Board of Directors of NewMarket Corporation (NYSE:NEU) has declared a quarterly dividend of $1.90 per share on its common stock. This dividend is payable on January 4, 2021 to shareholders of record by December 15, 2020. NewMarket, through its subsidiaries, develops and delivers chemical additives that improve the performance of petroleum products, enhancing engine efficiency and fuel quality. The company notes potential risks affecting its operations, including raw material availability, production disruptions, and competition.
NewMarket Corporation (NYSE: NEU) will release its third quarter 2020 earnings on October 28, 2020, after the market closes. The earnings report will be accessible on the Company's website the following day. A conference call to discuss the financial results is scheduled for October 29, 2020, at 3:00 PM EDT. Investors can join the call by dialing 1-844-407-9500 domestically or 1-862-298-0850 internationally. A webcast of the call will also be available online, with a replay lasting until November 5, 2020.