Overview
NewMarket Corp Q3 net income declines to $100.3 mln from $132.3 mln yr ago , EPS at $10.67
Petroleum additives operating profit drops due to one-time charges and shipment decline
The chemical additives firm's quarterly dividend increased by 9% to $3.00 per share
Outlook
NewMarket anticipates continued solid results from petroleum additives despite market softness
Company expects expanded specialty materials capacity to come online in H2 2026
NewMarket is monitoring international trade relations and tariffs for operational impacts
Result Drivers
ONE-TIME CHARGES - Petroleum additives operating profit impacted by one-time charges related to global manufacturing network optimization
SHIPMENT DECLINE - Decline in petroleum additives shipments, particularly lubricant additives, contributed to lower operating profit
DECREASED VOLUMES - Specialty materials operating profit affected by decreased volumes, despite increased sales from acquisitions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | $690.31 mln | ||
Q3 EPS | $10.67 | ||
Q3 Net Income | $100.26 mln |
Press Release: ID:nBw2JwbPza
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments