---
schema_version: "secwatch.filing_event.v1"
accession: "0001282637-24-000010"
form_type: "8-K"
ticker: "NEU"
cik: "0001282637"
company_name: "NEWMARKET CORP"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:23:52.251376+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NewMarket Q1 net income $107.7M, EPS $11.23; AMPAC acquisition closed; dividend raised 11%

## Summary
- Net income $107.7M ($11.23 EPS) vs $97.6M ($10.09 EPS) in Q1 2023.
- Petroleum additives operating profit $150.9M (+14.2% YoY); shipments up 4.7%.
- Acquired AMPAC for ~$700M Jan 16; specialty segment $17M sales, $5M operating loss from inventory step-up.
- Board approved 11% dividend increase; new $900M revolver and $250M term loan arranged.
- Net Debt to EBITDA 1.9 (target 1.5-2.0); capex $13.6M for the quarter.

## SEC filing metadata
- accession: 0001282637-24-000010
- form_type: 8-K
- ticker: NEU
- cik: 0001282637
- company_name: NEWMARKET CORP
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282637/000128263724000010/0001282637-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282637/000128263724000010/neu-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001282637-24-000010
- JSON: https://secwatch.observer/filing/0001282637-24-000010.json
- Plain text: https://secwatch.observer/filing/0001282637-24-000010.txt

## Key facts
- Earnings Releases
  NEWMARKET CORP reported the first quarter ended March 31, 2024 results: revenue $677.3 million, net income $107.7 million, EPS $11.23 per share.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $677.3 million
  - Net income: $107.7 million
  - EPS: $11.23 per share
  - Result: reported results
  source text: or $11.23 per share, compared to net income of $97.6 million, or $10.09 per share, for the first quarter of 2023. Petroleum additives sales for the first quarter of 2024 were $677.3 million, compared to $700.0 million for the same period in 2023. Petroleum additives operating profit for the first quarter of 2024 was $150.9 million, compared to $132.1 million for the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282637/000128263724000010/0001282637-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.