NewMarket Corporation announced that its Board of Directors has increased the quarterly dividend and declared a cash dividend of $3.00 per share on its common stock. The dividend will be paid on April 1, 2026 to shareholders of record at the close of business on March 16, 2026.
The company operates through subsidiaries including Afton Chemical, Ethyl, American Pacific Corporation and Calca Solutions, which supply fuel and lubricant additives and specialized materials for aerospace and defense. Management also reminds readers that the release contains forward-looking statements subject to various business, regulatory, and macroeconomic risks.
NewMarket Corporation reported that its Board of Directors elected Bruce R. Hazelgrove, III as a director effective immediately. Hazelgrove currently serves as Executive Vice President and Chief Administrative Officer of the company, so he will not be considered an independent director.
He will serve on the Board’s Executive Committee but will not sit on other Board committees because of his officer role. NewMarket also states that additional information about Hazelgrove, previously disclosed under “Certain Relationships and Related Transactions” in its March 12, 2025 proxy statement, is incorporated by reference. The filing notes that he will not receive any additional compensation for his Board service.
NewMarket Corp director Ting Xu bought additional company stock in the open market. On this transaction date, Xu purchased 400 shares of NewMarket common stock at a price of $619.21 per share. After this open-market purchase, Xu directly owned a total of 929 common shares of NewMarket.
NewMarket Corp principal accounting officer Susan M. Ridlehoover filed an initial ownership report on Form 3. The filing shows an indirect holding of 0.8139 shares of NewMarket common stock through the NewMarket Savings Plan, reflecting a very small beneficial stake reported under company benefit arrangements.
NewMarket Corp Vice President & CFO Timothy K. Fitzgerald reported a small tax-related share disposition. On February 19, 2026, 34 shares of NewMarket common stock were withheld by the company at a price of $607.04 per share to satisfy tax obligations from vesting restricted stock granted on February 19, 2021. After this withholding, Fitzgerald directly owned 622 shares of common stock. He also held an additional 358.24 shares indirectly through the NewMarket Savings Plan, where the increase in plan shares reflects periodic purchases by the plan trustee.
NewMarket Corp director and CEO Thomas E. Gottwald reported a series of bona fide gifts of the company’s common stock. On February 18, 2026, filings show gift transfers totaling 3,600 shares, covering both directly held shares and shares held indirectly through his wife and multiple grandchild trusts.
The report also lists indirect holdings such as 39,920.94 shares in the NewMarket Savings Plan and 143,837 shares in a 2025 GRAT. A footnote states that on February 11, 2026, 81,163 shares were transferred out of the 2025 GRAT as an annuity payment to his directly held account.
NewMarket Corp ten percent owner Bruce C. Gottwald reported a bona fide gift of 3,000 shares of common stock. The gift, dated February 18, 2026, carried a reported price of $0.00 per share and is classified as a non-derivative disposition.
After this transaction, his directly held NewMarket common stock totaled 361,755 shares. Indirectly, 545,986 shares are attributed through the 2025 GRAT and 18,731 shares are attributed as shares held by his wife. A footnote states that on February 11, 2026, 304,014 shares were transferred out of the 2025 GRAT to his directly held account as an annuity payment, changing the mix of direct and indirect ownership.
NewMarket Corporation appointed Susan M. Ridlehoover as its Principal Accounting Officer, effective immediately. She brings over 20 years of accounting and finance experience, including senior roles at Sonoco Products Company, Dominion Energy, and a decade at Ernst & Young in assurance services.
Ridlehoover, a licensed CPA in Virginia, joined NewMarket as Controller in January 2026. She will receive a base salary of $235,000, be eligible for cash bonuses and restricted stock awards, and participate in the company’s health, pension, and other benefit programs.
NewMarket Corporation, parent of Afton Chemical, Ethyl, AMPAC, Calca, and other subsidiaries, outlines a diversified specialty chemicals business focused on petroleum additives and specialty materials for aerospace and defense.
The company reports two main segments: petroleum additives, where Afton is a global supplier of lubricant and fuel additive packages, and specialty materials, which produces perchlorates and Ultra Pure® and high‑purity hydrazine for rockets, missiles, and satellite propulsion. It emphasizes heavy investment in R&D, intellectual property protection, and global manufacturing, with about 2,050 employees worldwide.
NewMarket highlights strong safety and environmental programs, including Responsible Care® certifications and a Vision of Zero injuries, with an injury/illness recordable rate of 1.10 in 2025 and $44 million spent on environmental operating and clean‑up costs. Capital returns include a share repurchase authorization of $500 million (with approximately $428 million remaining at year‑end 2025) and cash dividends of $11.25 per share in 2025, up from $10.00 per share in 2024.
NewMarket Corporation reported slightly lower results for 2025 after a record 2024, with net income of $418.7 million and earnings per share of $44.44, down from $462.4 million and $48.22. Management attributes most of the decline to a higher effective income tax rate.
The core petroleum additives segment generated $2.5 billion in sales and $520.1 million in operating profit, compared with $2.6 billion and $591.9 million in 2024, as shipments fell and pricing softened. In contrast, the specialty materials segment expanded, with sales rising to $182.5 million and operating profit to $47.0 million, helped by the AMPAC and Calca acquisitions.
Cash generation remained strong: NewMarket paid $105.9 million in dividends, repurchased $77.2 million of stock, funded $77.6 million of capital expenditures, invested over $200 million in the Calca acquisition, and still reduced long‑term debt by $87.9 million, ending 2025 with a Net Debt to EBITDA ratio of 1.1.