secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARKET CORP (NEU)
CIK:        0001282637
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001282637-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282637/000128263724000010/0001282637-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282637/000128263724000010/neu-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001282637-24-000010

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