NewMarket Q1 net income $97.6M ($10.09 EPS) vs $59.3M YoY

NEWMARKET CORP

2023-Q1 EPS reported $10.09 revenue$702,789,000

Net income $97.6M ($10.09 diluted EPS) vs $59.3M ($5.75) in Q1 2022.
Petroleum additives revenue $700.0M (+6% YoY); operating profit $132.1M vs $86.9M.
Shipments declined 15.4% YoY due to economic slowdown and customer destocking.
Returned $48.8M to shareholders: $20.3M dividends and $28.5M share repurchases.
Rolling four-quarter operating margin 15.2%, at lower end of long-term range; Net Debt/EBITDA 1.7x.

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 first quarter of 2023 results: net income $97.6 million, EPS $10.09 per share.

Period: first quarter of 2023
Net income: $97.6 million
EPS: $10.09 per share
Result: reported results

Exact text from the filing

Net income for the first quarter of 2023 was $97.6 million, or $10.09 per share, compared to net income of $59.3 million, or $5.75 per share, for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001282637-23-000008

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