NewMarket Q2 EPS $10.36; shipments down 16.7%; dividend raised 7%

NEWMARKET CORP

2023-Q2 EPS reported $20.45 revenue$1,387,919,000

Net income $99.6M, EPS $10.36 vs $66.5M/$6.54 in Q2 2022.
Petroleum additives sales $684M (down from $721M), operating profit $132.1M (up from $91.2M).
Shipments decreased 16.7% YoY due to customer destocking and global economic weakness.
Quarterly dividend increased 7%; Net Debt/EBITDA improved to 1.4 from 2.0.
Repurchased 119,075 shares for $42.9M in H1 2023.

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 the second quarter ended June 30, 2023 results: net income $99.6 million, EPS $10.36.

Period: the second quarter ended June 30, 2023
Net income: $99.6 million
EPS: $10.36
Result: reported results

Exact text from the filing

Net income for the second quarter of 2023 was $99.6 million compared to net income of $66.5 million for the second quarter of 2022. Second quarter 2023 earnings per share increased to $10.36, up from $6.54 per share in the same period last year.

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Source: SEC EDGAR

accession 0001282637-23-000014

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