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NewMarket Corporation Schedules Conference Call and Webcast to Review Third Quarter 2025 Financial Results
Businesswire· 2025-10-02 21:01
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release third quarter 2025 earnings at the close of business on Thursday, October 30, 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 Friday, October 31, 2025 to review third quarter 2025 financial results. You can access the conference call live by dialing 1-877-545-0. ...
NewMarket Corporation (NEU) to Acquire Mars TopCo, Boosting Aerospace and Defense Presence
Yahoo Finance· 2025-10-02 06:33
NewMarket Corporation (NYSE:NEU) ranks among the best specialty chemicals stocks to invest in. On September 17, NewMarket Corporation (NYSE:NEU) declared that it had finalized a deal to acquire Mars TopCo, LLC from AE Industrial Partners. Based in Lake Charles, Louisiana, Calca produces high purity hydrazine and UltraPure, which are chemicals used in satellite and other space craft propulsion systems. Through the acquisition, NewMarket Corporation (NYSE:NEU) will increase its footprint in the aerospace a ...
NewMarket Corporation Completes the Acquisition of Calca Solutions, LLC
Businesswire· 2025-10-01 21:01
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) today announced that it has completed the acquisition of Mars TopCo, LLC, the ultimate parent company of Calca Solutions, LLC (Calca). Calca was previously a portfolio company of AE Industrial Partners, LP. Headquartered in Lake Charles, Louisiana, Calca is the nation's leading producer of UltraPure and high-purity hydrazine – essential, mission- critical propellants that enable advanced aerospace and defense applications. Calca's. ...
NewMarket's Profitability Could Make It More Expensive Than Its Peers (NYSE:NEU)
Seeking Alpha· 2025-09-23 00:26
Financial Performance - NewMarket Corporation (NYSE: NEU) has a solid financial position and outperforms peers in profitability metrics [1] - The company is a consistent dividend payer, which may justify its stock trading at a premium compared to peers [1] Investment Strategy - The investment strategy involves a top-down view of the global economy combined with a bottom-up analysis of individual companies [1] - The approach starts with identifying strong economies and favorable currencies using macro data and statistical tools, followed by sector selection likely to perform well [1] - The focus then shifts to quality companies with solid momentum and consistent results [1]
NewMarket's Profitability Could Make It More Expensive Than Its Peers
Seeking Alpha· 2025-09-23 00:26
Financial Performance - NewMarket Corporation (NYSE: NEU) has a solid financial position and outperforms peers in profitability metrics [1] - The company is a consistent dividend payer, which may justify its stock trading at a premium compared to peers [1] Investment Strategy - The investment strategy involves a top-down view of the global economy combined with a bottom-up analysis of individual companies [1] - The approach starts with identifying strong economies and favorable currencies using macro data and statistical tools, followed by sector selection likely to perform well [1] - The focus then shifts to quality companies that exhibit solid momentum and consistent results [1]
Neuren Pharmaceuticals Limited (NEU) Earnings Call Presentation
2025-08-26 22:00
For personal use only Investor presentation 27 August 2025 IMPROVING THE LIVES OF PEOPLE WITH NEURODEVELOPMENTAL DISABILITIES P aa g e� 1 1 Forward looking statements This presentation contains forward looking statements that involve risks and uncertainties . Although we believe that the expectations reflected in the forward looking statements are reasonable at this time, Neuren can give no assurance that these expectations will prove to be correct . Actual results could differ materially from those anticip ...
NewMarket (NEU) - 2025 Q2 - Earnings Call Transcript
2025-07-31 20:00
Financial Data and Key Metrics Changes - Net income for Q2 2025 was $111 million or $11.84 per share, compared to $112 million or $11.63 per share for Q2 2024 [3] - Record net income for the first half of 2025 was $237 million or $25.11 per share, compared to $219 million or $22.87 per share for the same period in 2024 [3] - Petroleum additives sales for Q2 2025 were $654 million, down from $670 million in Q2 2024 [3][4] - Operating profit for petroleum additives in Q2 2025 was $140 million, compared to $148 million in Q2 2024 [4] Business Line Data and Key Metrics Changes - Petroleum additives segment sales for the first half of 2025 were $1.3 billion, essentially flat compared to the same period in 2024 [4] - Operating profit for the petroleum additives segment for the first half of 2025 was $282 million, down from $299 million in 2024 [4] - Specialty Materials sales for Q2 2025 were $42 million, up from $38 million in Q2 2024, with operating profit increasing to $11 million from $5 million [6] - Specialty Materials segment sales for the first half of 2025 were $96 million, compared to $55 million in the same period in 2024, with operating profit rising to $34 million from slightly above breakeven [7] Market Data and Key Metrics Changes - Shipments in the petroleum additives segment were down by 4.9% when comparing Q2 2025 with the same period in 2024 [5] - The company reported solid cash flows throughout 2025, allowing for $129 million returned to shareholders through share repurchases and dividends [7] Company Strategy and Development Direction - The company is committed to investing in technology to meet customer needs, optimizing inventory levels, and improving portfolio profitability [5] - The company views AMPAC as a strategic national asset and is investing in additional capacity to meet growing customer needs [7] - The company aims to promote long-term value for shareholders and customers while focusing on long-term objectives [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strength of the petroleum additives and specialty materials segments [8] - The company remains challenged by ongoing inflationary pressures and the impact of tariffs [5] - Management emphasized a long-term perspective, safety-first culture, customer-focused solutions, and technology-driven products as guiding principles [8] Other Important Information - As of June 30, 2025, the net debt to EBITDA ratio improved to 1.0 from 1.2 in 2024 [8] Q&A Session Summary - No specific questions or answers were documented in the provided content.
NewMarket (NEU) - 2025 Q2 - Quarterly Report
2025-07-31 12:42
[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section provides the company's unaudited financial statements and management's analysis for the recent reporting period [Financial Statements (unaudited)](index=4&type=section&id=ITEM%201.%20Financial%20Statements%20(unaudited)) This section presents the unaudited consolidated financial statements for the second quarter and six months ended June 30, 2025, and 2024, including detailed notes [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) This section presents the company's revenues, expenses, and net income for the specified periods Consolidated Income Statement Highlights (in millions, except per-share amounts) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $698.5 | $710.2 | $1,399.5 | $1,407.0 | | **Gross Profit** | $221.0 | $218.5 | $457.0 | $434.8 | | **Operating Profit** | $143.2 | $147.0 | $303.0 | $287.8 | | **Net Income** | $111.2 | $111.6 | $237.2 | $219.4 | | **EPS (basic and diluted)** | $11.84 | $11.63 | $25.11 | $22.87 | | **Cash Dividends per Share** | $2.75 | $2.50 | $5.50 | $5.00 | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section details the company's assets, liabilities, and equity at specific points in time Condensed Consolidated Balance Sheet Highlights (in millions) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $1,067.8 | $1,029.6 | | **Total Assets** | $3,194.5 | $3,129.5 | | **Total Current Liabilities** | $402.1 | $374.5 | | **Long-term Debt** | $841.8 | $971.3 | | **Total Liabilities** | $1,582.8 | $1,668.0 | | **Total Shareholders' Equity** | $1,611.7 | $1,461.6 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section outlines the company's cash inflows and outflows from operating, investing, and financing activities Condensed Consolidated Cash Flow Highlights (in millions) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Cash from Operating Activities** | $281.4 | $217.8 | | **Cash from Investing Activities** | $(29.3) | $(710.0) | | **Cash from Financing Activities** | $(264.2) | $470.5 | | **Decrease in Cash** | $(7.2) | $(24.3) | | **Cash at End of Period** | $70.3 | $87.6 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations and additional information supporting the condensed financial statements - On January 16, 2024, the company acquired American Pacific Corporation (AMPAC) for approximately **$697 million**, funded by cash and borrowings, expanding its presence in mission-critical specialty materials for space launch and military defense[22](index=22&type=chunk) - The company operates through two reportable segments: Petroleum Additives and Specialty Materials, with Petroleum Additives being the primary revenue driver and Specialty Materials significantly expanded by the AMPAC acquisition[37](index=37&type=chunk) - Total long-term debt decreased to **$841.8 million** as of June 30, 2025, from **$971.3 million** at December 31, 2024, following principal payments on senior notes and a term loan[62](index=62&type=chunk)[131](index=131&type=chunk) - Total accruals for environmental remediation, dismantling, and decontamination were approximately **$11 million** at both June 30, 2025, and December 31, 2024[71](index=71&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=19&type=section&id=ITEM%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management provides an analysis of financial results for the first six months of 2025 compared to 2024, highlighting segment performance, financial position, and liquidity [Results of Operations](index=20&type=section&id=Results%20of%20Operations) This section analyzes the company's operational performance, including segment sales and profitability Net Sales by Segment (in millions) | Segment | H1 2025 | H1 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Petroleum Additives | $1,299.4 | $1,347.1 | $(47.7) | -3.5% | | Specialty Materials | $95.8 | $55.1 | $40.7 | +73.9% | | **Total Net Sales** | **$1,399.5** | **$1,407.0** | **$(7.5)** | **-0.5%** | Segment Operating Profit (in millions) | Segment | H1 2025 | H1 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Petroleum Additives | $281.9 | $298.7 | $(16.8) | -5.6% | | Specialty Materials | $33.7 | $0.0 | $33.7 | N/A | - Petroleum additives shipments decreased by **4.9%** in the first six months of 2025 compared to the same period in 2024, primarily due to lower lubricant additives shipments in Asia Pacific and North America[98](index=98&type=chunk)[100](index=100&type=chunk) - The effective tax rate increased to **23.9%** for the first six months of 2025 from **21.9%** in the prior-year period, primarily driven by income from foreign operations[118](index=118&type=chunk) [Cash Flows, Financial Condition, and Liquidity](index=23&type=section&id=Cash%20Flows%2C%20Financial%20Condition%2C%20and%20Liquidity) This section discusses the company's cash generation, financial position, and ability to meet its short-term and long-term obligations - Cash provided from operating activities was **$281.4 million** for the first six months of 2025[124](index=124&type=chunk) - Capital spending for 2025 is expected to be between **$70 million and $100 million**, including a significant investment to expand AMPAC's production capacity by over **50%**[127](index=127&type=chunk)[128](index=128&type=chunk) - In the first six months of 2025, the company used cash for **$77.2 million** in stock repurchases, **$51.9 million** in dividends, and **$130 million** in net debt repayments[130](index=130&type=chunk) - The company was in compliance with all debt covenants, with a Leverage Ratio of **1.13** at June 30, 2025, well below the maximum of **3.75**[133](index=133&type=chunk)[134](index=134&type=chunk) [Outlook](index=24&type=section&id=Outlook) This section provides management's forward-looking statements regarding future performance and strategic priorities - The company's long-term goal is to provide a **10%** compounded annual return for shareholders, defined as EPS growth plus dividend yield[138](index=138&type=chunk) - Management expects the petroleum additives market to grow **1-2%** annually over the long term and plans for its segment to exceed that growth rate[139](index=139&type=chunk) - The primary focus for future acquisitions remains within the petroleum additives industry, though other value-enhancing opportunities like the AMPAC acquisition will be considered[144](index=144&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=25&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company states that there have been no material changes in its market risk profile since the disclosures made in its 2024 Annual Report on Form 10-K - At June 30, 2025, there were no material changes in market risk from the information provided in the 2024 Annual Report[145](index=145&type=chunk) [Controls and Procedures](index=25&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Based on an evaluation conducted by management, including the CEO and CFO, the company's disclosure controls and procedures were concluded to be effective as of June 30, 2025 - The principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level as of the end of the period[146](index=146&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended June 30, 2025, that materially affected, or are reasonably likely to materially affect, internal controls[147](index=147&type=chunk) [PART II. OTHER INFORMATION](index=26&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section covers various non-financial disclosures, including legal proceedings, equity sales, and exhibits [Legal Proceedings](index=26&type=section&id=ITEM%201.%20Legal%20Proceedings) The company reports that there have been no material changes to its legal proceedings as disclosed in the 2024 Annual Report - There have been no material changes to legal proceedings as disclosed in the 2024 Annual Report[148](index=148&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=26&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details its share repurchase activity under a **$500 million** authorization effective January 1, 2025, including shares repurchased in Q2 2025 - A share repurchase program authorizing up to **$500 million** was approved by the Board, effective from January 1, 2025, to December 31, 2027[149](index=149&type=chunk) Share Repurchases in Q2 2025 | Period | Total Shares Purchased | Average Price Paid per Share | Approx. Dollar Value Remaining for Purchase | | :--- | :--- | :--- | :--- | | **Total Q2** | 36,812 | $537.66 | $428.2 million | [Other Information](index=26&type=section&id=ITEM%205.%20Other%20Information) The company confirms that no director or officer adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the second quarter of 2025 - During the quarter ended June 30, 2025, no director or officer adopted or terminated a Rule 10b5-1 trading arrangement[153](index=153&type=chunk) [Exhibits](index=26&type=section&id=ITEM%206.%20Exhibits) This section lists the exhibits filed with the 10-Q report, including corporate governance documents and certifications by the CEO and CFO - The report includes certifications from the CEO and CFO pursuant to the Sarbanes-Oxley Act of 2002, as well as Inline XBRL data files[154](index=154&type=chunk)
NewMarket (NEU) - 2025 Q2 - Quarterly Results
2025-07-30 21:23
[NewMarket Corporation Q2 & H1 2025 Earnings Report](index=1&type=section&id=NewMarket%20Corporation%20Reports%20Second%20Quarter%20and%20First%20Half%202025%20Results) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Record H1 2025 net income was driven by strong performance, offsetting a slight decline in Q2 net income | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Income** | $111.2M | $111.6M | $237.2M | $219.4M | | **EPS (diluted)** | $11.84 | $11.63 | $25.11 | $22.87 | - The first half of 2025 marked a record for **Net Income ($237 million)** and **Earnings per Share ($25.11)**[9](index=9&type=chunk) [Segment Performance](index=1&type=section&id=Segment%20Performance) The Petroleum Additives segment's profit declined on lower volumes, while the Specialty Materials segment saw significant profit growth [Petroleum Additives](index=1&type=section&id=Petroleum%20Additives) Operating profit declined due to lower shipment volumes and higher technology investments | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Sales** | $653.9M | $669.8M | $1.3B | $1.3B | | **Operating Profit** | $139.8M | $147.8M | $281.9M | $298.7M | - The decline in operating profit was driven by a **decrease in shipments** and an **increase in technology investments**[4](index=4&type=chunk) - Shipment volumes **decreased by 2.5% in Q2 YoY** and **4.9% in H1 YoY**, with declines across lubricant and fuel additives[4](index=4&type=chunk)[5](index=5&type=chunk) [Specialty Materials](index=1&type=section&id=Specialty%20Materials) Operating profit surged, driven by increased volumes and the inclusion of results from the AMPAC acquisition | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Sales** | $42.0M | $38.0M | $95.8M | $55.1M | | **Operating Profit** | $10.5M | $5.0M | $33.7M | ~$0M | - The increase in operating profit was primarily driven by **increased volumes**[6](index=6&type=chunk) - H1 2024 results only reflect performance since the **acquisition of American Pacific Corporation (AMPAC)** on January 16, 2024[7](index=7&type=chunk) [Cash Flow and Capital Management](index=1&type=section&id=Cash%20Flow%20and%20Capital%20Management) Strong cash flow funded significant shareholder returns and debt reduction, improving the leverage ratio H1 2025 Cash Flow and Capital Allocation | Activity | Amount | | :--- | :--- | | **Common Stock Repurchases** | $77.2M | | **Dividends Paid** | $51.9M | | **Capital Expenditures** | $29.3M | | **Net Debt Reduction** | $122.2M | - The company's **Net Debt to EBITDA ratio improved**, decreasing to 1.0 as of June 30, 2025[8](index=8&type=chunk) [Management Commentary and Outlook](index=2&type=section&id=Management%20Commentary%20and%20Outlook) Management noted strong H1 performance and will focus on efficiency and profitability while monitoring macroeconomic uncertainties - The company is pleased with **strong H1 2025 performance** and favorable results from efficiency initiatives[10](index=10&type=chunk) - Priorities for the remainder of 2025 include investing in technology, enhancing operational efficiency, and improving portfolio profitability[10](index=10&type=chunk) - The company is actively monitoring the uncertain macroeconomic environment, particularly changes in international trade relations and tariffs[11](index=11&type=chunk) [Consolidated Financial Statements](index=4&type=section&id=Consolidated%20Financial%20Statements) [Segment Results and Other Financial Information](index=4&type=section&id=NEWMARKET%20CORPORATION%20AND%20SUBSIDIARIES%20SEGMENT%20RESULTS%20AND%20OTHER%20FINANCIAL%20INFORMATION) This section details net sales and operating profit by segment, reconciling to consolidated pre-tax income Segment Results (in thousands) | | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | | | | | | Petroleum additives | $653,875 | $669,826 | $1,299,429 | $1,347,090 | | Specialty materials | $42,037 | $38,010 | $95,758 | $55,057 | | **Total Net Sales** | **$698,509** | **$710,228** | **$1,399,455** | **$1,406,964** | | **Segment Operating Profit** | | | | | | Petroleum additives | $139,835 | $147,819 | $281,942 | $298,728 | | Specialty materials | $10,547 | $4,972 | $33,734 | $5 | | **Total Segment Operating Profit** | **$149,211** | **$151,417** | **$314,024** | **$297,278** | [Consolidated Statements of Income](index=5&type=section&id=NEWMARKET%20CORPORATION%20AND%20SUBSIDIARIES%20CONSOLIDATED%20STATEMENTS%20OF%20INCOME) H1 2025 net income and gross profit grew despite lower sales, alongside an increase in dividends per share Consolidated Income Statement Highlights (in thousands, except per-share amounts) | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | **Net sales** | $1,399,455 | $1,406,964 | | **Gross profit** | $456,977 | $434,820 | | **Operating profit** | $303,021 | $287,752 | | **Net income** | $237,193 | $219,352 | | **Earnings per share** | $25.11 | $22.87 | | **Cash dividends per share** | $5.50 | $5.00 | [Consolidated Balance Sheets](index=
NewMarket (NEU) - 2025 Q1 - Earnings Call Transcript
2025-04-25 01:07
Financial Data and Key Metrics Changes - Net income for Q1 2025 was $126 million or $13.26 per share, compared to $108 million or $11.23 per share for Q1 2024, reflecting a year-over-year increase in net income [5] - Petroleum additive sales for Q1 2025 were $646 million, down from $677 million in Q1 2024, indicating a decline in sales [5] - Operating profit for petroleum additives in Q1 2025 was $142 million, compared to a record $151 million in Q1 2024, primarily due to lower shipments [5] Business Line Data and Key Metrics Changes - Lubricant additive shipments decreased in Asia Pacific and North America, while Europe and Latin America reported slight increases [6] - Specialty Materials sales were $54 million for Q1 2025, up from $17 million in Q1 2024, with operating profit rising to $23 million from an operating loss of $5 million in the same period [8] Market Data and Key Metrics Changes - Fuel additive shipments were lower in all regions except Asia Pacific, which reported a small increase [6] - The company continues to focus on operational efficiency despite lower shipments, maintaining strong operating profit levels [6] Company Strategy and Development Direction - The company is committed to investing in technology and supply networks to meet customer demands, enhance operational efficiency, and improve portfolio profitability [8] - A capital investment of up to $100 million is planned for the Ampac facility to increase production capacity by more than 50%, aimed at meeting growing demand for solid rocket motors [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the petroleum additives business performance but acknowledged challenges from the ongoing macroeconomic environment and uncertainties around international trade relations and tariffs [7] - The company generated solid cash flows, returning $83 million to shareholders through share repurchases and dividends, with a net debt to EBITDA ratio improving to 1.1% from 1.9% year-over-year [11] Other Important Information - The projected completion date for the Ampac facility investment is 2026, which is expected to enhance capacity and security of supply [10] - The company emphasizes core principles such as a long-term perspective, safety-first culture, customer-focused solutions, and technology-driven products [11] Q&A Session Summary - No specific questions or answers were recorded in the provided content, as the call concluded without a Q&A segment [12][13]