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Newmarket - NEU STOCK NEWS

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 prominent holding company that oversees operations through its key subsidiaries: Afton Chemical Corporation and Ethyl Corporation. Positioned in the petroleum additives industry, NewMarket Corporation is dedicated to enhancing the performance of lubricating oils and fuels, catering to a myriad of applications in machinery, vehicles, and various equipment.

As a parent company, NewMarket provides strategic leadership, robust guidance, and unwavering support to its subsidiaries. This enables Afton Chemical and Ethyl Corporation to thrive in a dynamically evolving market. By focusing on producing outstanding products, implementing cutting-edge technology, and delivering unparalleled service, NewMarket ensures lasting quality and customer satisfaction.

Afton Chemical Corporation is renowned for its lubricant additives, which are formulated chemical solutions designed to blend with base fluids. These additives significantly improve the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids. This division is essential in enhancing the overall performance and lifespan of various lubricants used in industrial and automotive applications.

Ethyl Corporation specializes in fuel additives. These chemical components assist oil refiners in meeting stringent fuel specifications and provide formulated packages that elevate the performance of gasoline, diesel, biofuels, and other fuels. By focusing on regulatory compliance and performance enhancement, Ethyl Corporation ensures that fuels meet the highest standards of quality and efficiency.

Latest Achievements: NewMarket Corporation consistently innovates and adapts to market demands. Recent milestones include advancements in additive technology and the expansion of global partnerships, which bolster its market presence and reinforce its commitment to quality and sustainability.

Current Projects: The company is actively involved in developing next-generation additives that align with evolving environmental standards and performance requirements. By investing in research and development, NewMarket aims to lead the industry towards a more sustainable and efficient future.

Overall, NewMarket Corporation exemplifies excellence in the petroleum additives sector, driving progress through its subsidiaries while maintaining a steadfast commitment to quality, technology, and customer service.

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NewMarket Corporation (NYSE: NEU) plans to release its first quarter 2023 earnings after market close on April 26, 2023. A conference call to discuss these results is scheduled for 3:00 pm EDT on April 27, 2023. Interested parties can listen to the call by dialing 1-888-506-0062 (domestic) or 1-973-528-0011 (international). A replay will be available until May 4, 2023. NewMarket, through its subsidiaries Afton Chemical and Ethyl Corporation, produces chemical additives that enhance petroleum products, focusing on performance improvement across engines and fuels.

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The Board of Directors of NewMarket Corporation (NYSE: NEU) has declared a quarterly dividend of $2.10 per share, payable on April 3, 2023, to shareholders of record as of March 15, 2023. NewMarket, through its subsidiaries Afton Chemical and Ethyl Corporation, specializes in chemical additives that improve petroleum product performance. However, the company acknowledges various risks, including raw material availability, production disruptions, and regulatory challenges that could impact actual results. Investors are encouraged to review risk factors detailed in NewMarket's 2022 Annual Report.

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NewMarket Corporation (NYSE: NEU) reported a robust financial performance for 2022, achieving a net income of $279.5 million or $27.77 per share, up from $190.9 million in 2021. The fourth quarter's net income was $90.5 million, translating to $9.26 per share. Petroleum additives sales reached $2.8 billion for the year, a significant increase from $2.3 billion in 2021. Operating profit for the segment was $378.2 million, reflecting increased selling prices despite rising costs. However, shipments fell by 2.9%, largely due to supply chain disruptions. The company maintained low leverage with a Net Debt to EBITDA ratio of 2.0.

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NewMarket Corporation (NYSE: NEU) will release its fourth quarter and full year 2022 earnings on January 31, 2023, after market close. The results will be available on the company’s website the following day. A conference call is scheduled for February 1, 2023, at 3:00 PM EST to discuss the financial results. Investors can access the call by phone or online, with a replay available until February 8, 2023.

NewMarket operates through subsidiaries Afton Chemical Corporation and Ethyl Corporation, focusing on chemical additives for petroleum products.

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NewMarket Corporation (NYSE: NEU) announced the retirement of Regina Anne Harm from her role as President of Afton Chemical Corporation, effective December 31, 2022. Mrs. Harm has been with Afton for over 15 years, leading the company through significant challenges. Brian D. Paliotti, previously CFO, will succeed her as President starting January 1, 2023. CEO Teddy Gottwald expressed confidence in Paliotti's leadership, emphasizing his experience and focus on cost-savings and team development. This management change aims to continue Afton's growth and adaptability.

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NewMarket Corporation (NYSE: NEU) has declared a quarterly dividend of $2.10 per share, payable on January 3, 2023, to shareholders on record as of December 15, 2022. The company, through its subsidiaries Afton Chemical and Ethyl Corporation, specializes in manufacturing chemical additives that improve petroleum product performance. Although management has reasonable expectations of future performance, various risks such as raw material availability, production disruptions, and regulatory changes could impact actual results significantly.

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NewMarket Corporation (NYSE:NEU) reported a third-quarter net income of $63.2 million or $6.32 per share, up from $52.0 million and $4.80 per share in Q3 2021. For the first nine months of 2022, net income reached $189.0 million, a rise from $173.7 million last year. Petroleum additives sales were $692.7 million in Q3 and $2.1 billion year-to-date, reflecting an increase from 2021. Despite higher sales, operating margins declined to 12.6% due to inflation and supply chain disruptions. Share repurchases totaled 499,275 shares for $155.2 million during the period.

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NewMarket Corporation (NYSE: NEU) will release its third quarter 2022 earnings after market close on October 24, 2022. The earnings will be accessible on the company’s website the next day. A conference call for discussing these results is set for 3:00 pm EDT on October 25, 2022, available via telephone and streamed online. NewMarket, through its subsidiaries, specializes in developing chemical additives to enhance petroleum products, contributing to improved engine performance, longevity of machinery, and cleaner burning fuels.

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NewMarket Corporation (NYSE: NEU) has declared a quarterly dividend of $2.10 per share, payable on October 3, 2022, to shareholders of record by September 15, 2022. This announcement reflects the company's ongoing commitment to providing shareholder returns. NewMarket, through its subsidiaries Afton Chemical and Ethyl Corporation, focuses on developing chemical additives that enhance petroleum product performance. Forward-looking statements highlight potential risks including raw material prices, regulatory changes, and competition.

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FAQ

What is the current stock price of Newmarket (NEU)?

The current stock price of Newmarket (NEU) is $570.11 as of February 28, 2025.

What is the market cap of Newmarket (NEU)?

The market cap of Newmarket (NEU) is approximately 5.4B.

What does NewMarket Corporation do?

NewMarket Corporation is a holding company that oversees Afton Chemical Corporation and Ethyl Corporation, focusing on the production and sale of petroleum additives for lubricating oils and fuels.

Who are NewMarket Corporation’s subsidiaries?

NewMarket Corporation's primary subsidiaries are Afton Chemical Corporation and Ethyl Corporation.

What products do Afton Chemical and Ethyl Corporation produce?

Afton Chemical produces lubricant additives, while Ethyl Corporation specializes in fuel additives.

How do lubricant additives improve performance?

Lubricant additives enhance the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids.

What role do fuel additives play?

Fuel additives help oil refiners meet fuel specifications and improve the performance of gasoline, diesel, biofuels, and other fuels.

What recent achievements has NewMarket Corporation made?

NewMarket Corporation has recently made advancements in additive technology and expanded its global partnerships.

What are the current projects of NewMarket Corporation?

NewMarket is focused on developing next-generation additives that meet environmental standards and performance requirements through ongoing research and development.

Why is NewMarket Corporation significant in the petroleum additives sector?

NewMarket Corporation is a leader in the industry due to its high-quality products, innovative technology, and strong customer service.

How does NewMarket Corporation support its subsidiaries?

NewMarket provides strategic leadership, guidance, and support to help its subsidiaries succeed in a changing market.

Where can I find the latest news about NewMarket Corporation?

The latest updates and news about NewMarket Corporation can be found on their official website and stock market news platforms like StockTitan.
Newmarket

NYSE:NEU

NEU Rankings

NEU Stock Data

5.36B
7.71M
18.93%
64.22%
0.95%
Specialty Chemicals
Industrial Organic Chemicals
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United States
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