NewMarket Q3 net income jumps 76% to $111.2M, EPS $11.60, up from $6.32

NEWMARKET CORP

2023-Q3 EPS reported $32.05 revenue$2,055,069,000

Petroleum additives operating profit $139.8M, up from $83.0M yoy, driven by pricing/mix and lower raw materials.
Sales $663.7M down 4% yoy; shipments fell 7.7% due to global weakness and inventory rationalization.
Nine-month net income $308.5M ($32.05) vs $189.0M ($18.60) a year ago; operating profit $404.0M.
Reduced revolver debt by $225.0M, repurchased 119,075 shares for $42.9M; Net Debt/EBITDA improved to 1.1 from 2.0.
Dividends of $63.5M paid; working capital improved by $71.9M.

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 1.0

NEWMARKET CORP reported the third quarter ended September 30, 2023 results: net income $111.2 million, EPS $11.60.

Period: the third quarter ended September 30, 2023
Net income: $111.2 million
EPS: $11.60
Result: reported results

Exact text from the filing

Net income for the third quarter of 2023 was $111.2 million, compared to net income of $63.2 million for the third quarter of 2022. Third quarter 2023 earnings per share increased to $11.60, up from $6.32 per share in the same period last year.

View on SEC.gov

Browse all earnings releases →

NEWMARKET CORP filing history →

Source: SEC EDGAR

accession 0001282637-23-000018

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.