NYSE$NEU
NewMarket Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported strong third quarter results with increased sales and earnings.
NewMarket Corporation reported a net income of $63.2 million for the third quarter of 2022, an increase from $52.0 million in the same period last year. Earnings per share rose to $6.32 from $4.80 in the prior year period. Sales for the petroleum additives segment increased to $692.7 million from $619.1 million in the third quarter of 2021.
- Third quarter net income reached $63.2 million, translating to earnings per share of $6.32.
- Petroleum additives sales for the third quarter increased to $692.7 million.
- Petroleum additives operating profit for the third quarter was $83.0 million.
- Shipments decreased 8.5% between quarterly periods, with decreases in both lubricant additives and fuel additives shipments across all regions except Latin America.
Headline financials
Revenue & EPS history
NewMarket · Revenue · Quarterly
$696M
Revenue by segment
NewMarket · $696M total across 2 segments · Q3 2022
- Petroleum Additives$693M+11.9%99.5%
- All Other$3.36M+7.0%0.5%
Forward guidance
NewMarket expects the petroleum additives market to grow at 1% to 2% for the foreseeable future and aims to exceed that growth rate. The company is focused on margin recovery, cost control, and resolving supply chain issues to meet customer needs.
Tailwinds
- Petroleum additives market is expected to grow at 1% to 2%.
- Company aims to exceed the market growth rate.
- Focus on margin recovery and cost control.
- Ongoing investments in supply capability.
- Technology-driven initiatives.
Headwinds
- Ongoing inflationary environment challenges.
- Worldwide supply chain disruptions negatively impact the business.
- Shipments decreased 8.5% between quarterly periods.
- Higher raw material and operating costs.
- Decreased shipments in lubricant additives and fuel additives shipments across all regions except Latin America.
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 Q3 2022
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro