secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARKET CORP (NEU)
CIK:        0001282637
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001282637-24-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewMarket Q4 net income down to $80.4M; FY net income $389M; acquires AMPAC for ~$700M
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- Net income for 2023 was $388.9M ($40.44/diluted EPS) vs $279.5M ($27.77) in 2022.
- Q4 2023 net income $80.4M ($8.38 EPS) vs $90.5M ($9.26) in Q4 2022; petroleum additives sales $642M vs $680.3M.
- Petroleum additives operating profit for 2023 increased to $514.4M from $378.2M despite 10.7% lower shipments.
- Acquired AMPAC (critical performance additives for aerospace/defense) for ~$700M on Jan 16, 2024; expects accretive in 2024.
- Net Debt/EBITDA improved to 0.9 at year-end from 2.0; new $900M revolver and $250M term loan in January 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282637/000128263724000002/0001282637-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282637/000128263724000002/neu-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001282637-24-000002

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