NewMarket FY2022 net income rises to $279.5M ($27.77 EPS) from $190.9M; Q4 net income $90.5M

NEWMARKET CORP

2022-FY EPS reported $27.77 revenue$2,764,799,000

Net income for FY2022 $279.5M ($27.77 EPS) vs $190.9M ($17.71 EPS) in 2021; Q4 net income $90.5M ($9.26 EPS).
Petroleum additives sales $2.8B (+20% YoY), operating profit $378.2M vs $281.1M in 2021, driven by higher selling prices.
Shipments declined 2.9% during 2022, primarily due to supply chain disruptions and Russia-Ukraine war sanctions.
Returned $291.8M to shareholders: $84.3M dividends and $207.5M share repurchases (668,553 shares).
Management expects inflationary pressures and rising costs to continue in 2023; prioritizes margin recovery and cost control.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEWMARKET CORP reported For the full year 2022 results: revenue $2.8 billion, net income $279.5 million, EPS $27.77 per share.

Period: For the full year 2022
Revenue: $2.8 billion
Net income: $279.5 million
EPS: $27.77 per share
Result: reported results

Exact text from the filing

Net income for 2022 was $279.5 million, or $27.77 per share, compared to net income of $190.9 million, or $17.71 per share, for 2021. Petroleum additives sales for the fourth quarter were $680.3 million and reached $2.8 billion for 2022, compared to $2.3 billion for 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEWMARKET CORP reported For the fourth quarter of 2022 results: revenue $680.3 million, net income $90.5 million, EPS $9.26 per share.

Period: For the fourth quarter of 2022
Revenue: $680.3 million
Net income: $90.5 million
EPS: $9.26 per share
Result: reported results

Exact text from the filing

Net income for the fourth quarter of 2022 was $90.5 million, or $9.26 per share. Net income for 2022 was $279.5 million, or $27.77 per share, compared to net income of $190.9 million, or $17.71 per share, for 2021. Petroleum additives sales for the fourth quarter were $680.3 million and reached $2.8 billion for 2022, compared to $2.3 billion for 2021.

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Source: SEC EDGAR

accession 0001282637-23-000002

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