NewMarket Corporation Increases Quarterly Dividend |
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of $2.75 per share on the common stock of the Corporation, an increase of $0.25, or 10%, as compared to the last quarterly dividend of $2.50 per share. The dividend is payable April 1, 2025, to NewMarket shareholders of record at the close of business on March 17, 2025. NewMarket Corporation is a holding company operating through its subsidiaries, Afton Chemica. |
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2025-02-27 19:01:00 |
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NewMarket: Now Trading At A 10% Free Cash Flow Yield |
NewMarket's 2024 performance exceeded expectations with strong petroleum additives results, reducing net debt significantly post-AMPAC acquisition. Full-year operating profit rose by 19%, net profit increased to $462M, and EPS jumped to $48.22. The company generated robust free cash flow of $492M, aiding rapid debt reduction. Net debt to EBITDA ratio improved to less than 1.2. |
seekingalpha.com |
2025-02-13 12:30:00 |
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NewMarket Corporation (NEU) Q4 2024 Earnings Call Transcript |
NewMarket Corporation (NYSE:NEU ) Q4 2024 Earnings Conference Call February 4, 2025 3:00 PM ET Company Participants Timothy Fitzgerald - VP & CFO Operator Good day, everyone, and welcome to the NewMarket Corporation Schedules Conference Call and Webcast to review the Fourth Quarter 2024 Financial Results. At this time all participants have been placed on a listen-only mode. |
seekingalpha.com |
2025-02-04 17:33:16 |
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NewMarket Corporation Reports Fourth Quarter and Full Year 2024 Results |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company's operations for the fourth quarter and full year of 2024. Net income for the fourth quarter of 2024 was $110.7 million, or $11.56 per share, compared to net income of $80.4 million, or $8.38 per share, for the same period last year. Net income for 2024 was $462.4 million, or $48.22 per share, compared to $388.9 million,. |
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2025-02-03 19:01:00 |
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NewMarket Corporation Schedules Conference Call and Webcast to Review Fourth Quarter and Full Year 2024 Financial Results |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release fourth quarter and full year 2024 earnings at the close of business on Monday, February 3, 2025. The earnings announcement will also be available on the Company's website at www.NewMarket.com the following day. A conference call and webcast are scheduled for 3:00 pm ET on Tuesday, February 4, 2025 to review fourth quarter and full year 2024 financial results. You can access the conference cal. |
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2025-01-03 19:01:00 |
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NewMarket Announces the Election of Executive Vice President and General Counsel |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) (the “Company”) announces today that Bryce D. Jewett III has been elected Executive Vice President and General Counsel, effective January 1, 2025. He had previously been serving as Vice President and General Counsel of the Company. Prior to joining the Company in 2020, Mr. Jewett was a Partner at McGuireWoods LLP where his practice focused on Mergers and Acquisitions. NewMarket Corporation is a holding company operating through i. |
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2024-12-16 19:01:00 |
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NewMarket Corporation Authorizes New Share Repurchase Program |
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) (the “Company”) approved a new share repurchase program authorizing management to repurchase up to $500 million of the Company's outstanding common stock through December 31, 2027, as market conditions warrant and covenants under the Company's existing debt agreements permit. The new repurchase program will replace the Company's existing $500 million repurchase program approved by the Board of Directors. |
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2024-12-12 19:01:00 |
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NewMarket Corporation Declares Quarterly Dividend |
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of $2.50 per share on the common stock of the Corporation. The dividend is payable January 2, 2025, to NewMarket shareholders of record at the close of business on December 16, 2024. NewMarket Corporation is a holding company operating through its subsidiaries Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC. |
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2024-10-24 21:01:00 |
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NewMarket Corporation (NEU) Q3 2024 Earnings Call Transcript |
NewMarket Corporation (NYSE:NEU ) Q3 2024 Results Conference Call October 24, 2024 3:00 PM ET Company Participants Bill Skrobacz - VP & CFO Operator Good day, and welcome to the NewMarket Corporation's scheduled conference call and webcast to review the Third Quarter 2024 Financial Results. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-10-24 20:09:03 |
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NewMarket Corporation Reports Third Quarter and First Nine Months 2024 Results |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company's operations for the third quarter and first nine months of 2024. Net income for the third quarter of 2024 was $132.3 million, or $13.79 per share, compared to net income of $111.2 million, or $11.60 per share, for the same period last year. For the first nine months of 2024, net income was $351.7 million, or $36.66 per. |
businesswire.com |
2024-10-23 21:01:00 |
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NewMarket: Accelerating EBITDA After M&A Completion |
NewMarket's strong cash flows and low capex have enabled rapid net debt reduction, despite the all-cash AMPAC acquisition impacting net debt levels. The company reported a net profit of $111.6M in Q2, with an EPS of $11.63, and expects continued strong performance from petroleum additives and AMPAC. NewMarket's debt ratio is already at the lower end of its preferred range, with a positive working capital position of approximately $700M. |
seekingalpha.com |
2024-10-08 14:30:00 |
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NewMarket Announces the Retirement of Its Vice President and Chief Financial Officer and the Appointment of Successor |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) (the “Company”) announced today that William J. Skrobacz is stepping down from his role as Vice President and Chief Financial Officer of the Company effective December 31, 2024, as he intends to retire from the Company in 2025. Since joining the Company over 13 years ago, Mr. Skrobacz has served in a variety of finance and accounting roles of increasing responsibility, culminating in his appointment as Vice President and Chief Fi. |
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2024-10-03 21:01:00 |
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NewMarket Corporation Schedules Conference Call and Webcast to Review Third Quarter 2024 Financial Results |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release third quarter 2024 earnings at the close of business on Wednesday, October 23, 2024. The earnings announcement will also be available on the Company's website at www.NewMarket.com the following day. A conference call and webcast are scheduled for 3:00 pm ET on Thursday, October 24, 2024 to review third quarter 2024 financial results. You can access the conference call live by dialing 1-888-50. |
businesswire.com |
2024-10-01 13:00:00 |
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NewMarket Corporation Declares Quarterly Dividend |
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of $2.50 per share on the common stock of the Corporation. The dividend is payable October 1, 2024, to NewMarket shareholders of record at the close of business on September 16, 2024. NewMarket Corporation is a holding company operating through its subsidiaries Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPA. |
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2024-08-08 21:01:00 |
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NewMarket Corporation (NEU) Q2 2024 Earnings Call Transcript |
NewMarket Corporation (NYSE:NEU ) Q2 2024 Results Conference Call July 30, 2024 3:00 PM ET Company Participants Bill Skrobacz - IR Operator Good afternoon, everyone. And welcome to the NewMarket Corporation Conference Call and Webcast to review Second Quarter 2024 Financial Results. |
seekingalpha.com |
2024-07-30 19:45:24 |
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NewMarket Corporation Reports Second Quarter and First Half 2024 Results |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company's operations for the second quarter and first half of 2024. Net income for the second quarter of 2024 was $111.6 million, or $11.63 per share, compared to net income of $99.6 million, or $10.36 per share, for the same period last year. For the first half of 2024, net income was $219.4 million, or $22.87 per share, compar. |
businesswire.com |
2024-07-29 21:01:00 |
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NewMarket Corporation Schedules Conference Call and Webcast to Review Second Quarter 2024 Financial Results |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release second quarter 2024 earnings at the close of business on Monday, July 29, 2024. The earnings announcement will also be available on the Company's website at www.NewMarket.com the following day. A conference call and internet webcast is scheduled for 3:00 pm ET on Tuesday, July 30, 2024 to review second quarter 2024 financial results. You can access the conference call live by dialing 1-888-50. |
businesswire.com |
2024-07-01 21:14:00 |
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NewMarket Corporation: Surprisingly Strong Start Of The Year Despite Expensive Acquisition |
NewMarket owns Afton Chemical and Ethyl Corp., with strong earnings growth in the first quarter of the year. Operating profit in the specialty materials division was negative due to non-recurring items related to the AMPAC acquisition. Despite the operating loss, NewMarket's strong cash flow and potential debt reduction make it an attractive investment opportunity. |
seekingalpha.com |
2024-06-20 14:30:00 |
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NewMarket Corporation (NEU) Q1 2024 Earnings Call Transcript |
NewMarket Corporation (NYSE:NEU ) Q1 2024 Earnings Conference Call April 25, 2024 3:00 PM ET Company Participants Bill Skrobacz - Vice President and Chief Financial Officer Conference Call Participants Operator Greetings. Welcome to NewMarket Corporation's Conference Call and Webcast to review First Quarter 2024 Financial Results. |
seekingalpha.com |
2024-04-25 23:25:25 |
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NewMarket Corporation Declares Quarterly Dividend |
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of $2.50 per share on the common stock of the Corporation. The dividend is payable July 1, 2024 to NewMarket shareholders of record at the close of business on June 14, 2024. NewMarket Corporation is a holding company operating through its subsidiaries Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC). The A. |
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2024-04-25 21:01:00 |
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NewMarket Corporation Reports First Quarter 2024 Results |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company's operations for the first quarter of 2024. Net income for the first quarter of 2024 was $107.7 million, 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. |
businesswire.com |
2024-04-24 21:01:00 |
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NewMarket Corporation Schedules Conference Call and Webcast to Review First Quarter 2024 Financial Results |
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release first quarter 2024 earnings at the close of business on Wednesday, April 24, 2024. The earnings announcement will also be available on the Company's website at www.NewMarket.com the following day. A conference call and Internet webcast is scheduled for 3:00 pm ET on Thursday, April 25, 2024 to review first quarter 2024 financial results. You can access the conference call live by dialing 1-88. |
businesswire.com |
2024-03-28 13:05:00 |
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39 Upcoming Dividend Increases Including 2 Dividend Kings |
Thirty-nine companies, including Coca-Cola and Telephone and Data Systems, are raising their dividends. |
seekingalpha.com |
2024-03-08 13:48:18 |
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NewMarket Corporation Increases Quarterly Dividend |
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of $2.50 per share on the common stock of the Corporation, an increase of $0.25, or approximately 11%, as compared to the last quarterly dividend of $2.25 per share. The dividend is payable April 1, 2024, to NewMarket shareholders of record at the close of business on March 15, 2024. NewMarket Corporation is a holding company operating through its subsidiaries,. |
businesswire.com |
2024-02-22 19:01:00 |
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