earnings
confidence high
sentiment neutral
materiality 0.75
NewMarket Q3 net income $63.2M ($6.32 EPS); petroleum additives sales up 11.9%
NEWMARKET CORP
2022-Q3 EPS reported
$18.60
revenue$2,082,240,000
- Q3 net income $63.2M ($6.32 EPS) vs $52.0M ($4.80) in Q3 2021, a 21.5% increase.
- Petroleum additives sales $692.7M (up 11.9%) but shipments down 8.5% YoY; operating profit $83.0M.
- Nine-month operating margin 12.6% vs 13.6% in 2021; management cites inflationary headwinds.
- YTD share repurchases of 499,275 shares for $155.2M; dividends paid $63.8M; capex $40.4M.
- Supply chain disruptions continue; margin recovery and cost control remain priorities.