secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARKET CORP (NEU)
CIK:        0001282637
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001282637-24-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewMarket Q2 net income $111.6M ($11.63 EPS); debt cut $171M since AMPAC buy
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- Q2 net income $111.6M ($11.63 EPS) vs $99.6M ($10.36 EPS) in Q2 2023; first-half net $219.4M ($22.87 EPS).
- Petroleum additives Q2 operating profit $147.8M (+12% YoY) on lower costs and higher shipments; sales $669.8M.
- Specialty materials (AMPAC) Q2 sales $38.0M, operating profit $5.0M; first-half sales $55.1M, near breakeven.
- Debt reduced $171M on revolver since AMPAC acquisition; Net Debt/EBITDA 1.6 within target 1.5-2.0 range.
- First-half capex $28.5M, dividends $48.0M; management expects continued petroleum additives strength.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282637/000128263724000016/0001282637-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282637/000128263724000016/neu-20240729.htm
  HTML page:      https://secwatch.observer/filing/0001282637-24-000016

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