NYSE$NEU
NewMarket Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
NewMarket reported second quarter results with increased net income and earnings per share.
NewMarket Corporation reported a net income of $111.6 million, or $11.63 per share, for the second quarter of 2024, compared to $99.6 million, or $10.36 per share, for the same period last year. The increase in petroleum additives operating profit was mainly due to lower raw material and operating costs as well as increased shipments, partially offset by lower selling prices.
- Second quarter net income reached $112 million, with earnings per share at $11.63.
- Petroleum additives operating profit for the first half of the year totaled $299 million.
- AMPAC results are consistent with pre-acquisition expectations.
- Debt reduction of $171 million has been achieved since the AMPAC acquisition.
Headline financials
Revenue & EPS history
NewMarket · Revenue · Quarterly
$710M
Revenue by segment
NewMarket · $685M total across 2 segments · Q2 2023
- Petroleum Additives$684M-5.1%99.8%
- All Other$1.16M—0.2%
Forward guidance
The company anticipates continued strength in its petroleum additives segment and looks forward to the ongoing integration of AMPAC.
Tailwinds
- Continued strength in petroleum additives segment.
- Ongoing integration of AMPAC.
- Focus on long-term value for shareholders and customers.
- Commitment to safety-first culture.
- Technology-driven product offerings.
Headwinds
- Availability of raw materials and distribution systems.
- Disruptions at production facilities, including single-sourced facilities.
- Hazards common to chemical businesses.
- Ability to respond effectively to technological changes.
- Failure to protect intellectual property rights.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.2%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+2.1%
Avg return
30 days after
47%
32 / 68 earnings
Positive
+14.5%
Q3 2012
Best reaction
-14.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.2% | +6.3% | +14.8% | |
| Q4 2025 | -14.4% | -14.0% | -16.2% | |
| Q3 2025 | +3.0% | +4.9% | +2.1% | |
| Q1 2025 | +5.4% | +4.0% | +11.2% | |
| Q4 2024 | +5.0% | +6.5% | +12.6% | |
| Q3 2024 | +4.0% | +3.4% | +4.4% | |
| Q2 2024 | +0.8% | -2.0% | -0.8% | |
| Q1 2024 | -9.0% | -8.8% | -7.4% | |
| Q4 2023 | +5.0% | +3.1% | +13.8% | |
| Q3 2023 | +8.6% | +6.5% | +17.6% | |
| Q2 2023 | +1.4% | +2.4% | +3.2% | |
| Q1 2023 | +8.3% | +9.6% | +8.8% | |
| Q4 2022 | +8.5% | +6.7% | +3.2% | |
| Q3 2022 | -4.8% | -2.1% | +1.6% | |
| Q2 2022 | -2.8% | -3.4% | -8.7% | |
| Q1 2022 | +5.5% | +7.4% | +7.3% | |
| Q4 2021 | -9.9% | -11.2% | -1.4% | |
| Q3 2021 | -11.5% | -9.3% | -8.7% | |
| Q2 2021 | +3.9% | +5.3% | +13.5% | |
| Q1 2021 | -7.0% | -6.5% | -10.3% | |
| Q4 2020 | -3.0% | -3.3% | -4.2% | |
| Q3 2020 | +2.6% | +5.5% | +7.9% | |
| Q2 2020 | -10.0% | -11.4% | -11.8% | |
| Q1 2020 | +4.5% | +8.6% | +10.2% | |
| Q4 2019 | -2.8% | -3.2% | -4.9% | |
| Q3 2019 | +4.0% | +4.2% | +7.2% | |
| Q2 2019 | +3.6% | +3.6% | +10.5% | |
| Q1 2019 | -4.8% | -3.1% | -5.9% | |
| Q4 2018 | +6.9% | +7.1% | +10.8% | |
| Q3 2018 | -2.7% | -0.9% | +6.3% | |
| Q2 2018 | -8.0% | -7.2% | -2.5% | |
| Q1 2018 | +1.7% | -4.1% | -4.8% | |
| Q4 2017 | +2.7% | +1.9% | +10.5% | |
| Q3 2017 | -5.0% | -7.0% | -8.1% | |
| Q2 2017 | -4.6% | -5.2% | -9.0% | |
| Q1 2017 | +2.3% | +1.0% | +1.7% | |
| Q4 2016 | -0.0% | -0.5% | +1.1% | |
| Q3 2016 | -0.2% | -0.0% | +2.5% | |
| Q2 2016 | +5.4% | +2.7% | +3.4% | |
| Q1 2016 | -1.5% | — | — | |
| Q4 2015 | -9.0% | — | — | |
| Q3 2015 | -3.8% | — | — | |
| Q2 2015 | -6.1% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | +5.8% | — | — | |
| Q3 2014 | -2.0% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | -6.7% | — | — | |
| Q4 2013 | +5.9% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | +0.4% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | -9.1% | — | — | |
| Q3 2012 | +14.5% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2012 | +14.4% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q3 2011 | +2.2% | — | — | |
| Q2 2011 | -5.1% | — | — | |
| Q1 2010 | +1.1% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2010 | -6.3% | — | — | |
| Q3 2010 | -0.1% | — | — | |
| Q3 2009 | -0.1% | — | — | |
| Q4 2009 | -1.6% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q2 2009 | -1.6% | — | — |
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