secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEWMARKET CORP (NEU)
CIK:        0001282637
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001282637-23-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282637/000128263723000018/0001282637-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282637/000128263723000018/neu-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001282637-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer