NewMarket FY2024 net income $462M, EPS $48.22; petroleum additives op profit up 15% to $592M

NEWMARKET CORP

2024-FY EPS reported $48.22 revenue$2,786,558,000

Full year 2024 net income $462.4M ($48.22 EPS) vs $388.9M ($40.44 EPS) in 2023.
Petroleum additives segment operating profit $591.9M, up 15% from $514.4M, driven by lower costs.
Specialty materials (AMPAC) full year sales $141.2M, operating profit $17.5M, surpassing pre-acquisition expectations.
Debt reduced $373M since AMPAC acquisition; Net Debt/EBITDA 1.2, below target range.
Q4 net income $110.7M ($11.56 EPS) vs $80.4M ($8.38 EPS) a year ago.

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