NewMarket (US:NEU)2025-10-30 21:27Financial Performance - Net income for Q3 2025 was $100.3 million, or $10.67 per share, down from $132.3 million, or $13.79 per share in Q3 2024[3] - Operating profit for petroleum additives in Q3 2025 was $131.3 million, down 16.6% from $157.5 million in Q3 2024[4] - Specialty materials operating profit for Q3 2025 was $6.0 million, down from $16.0 million in Q3 2024[6] - Operating profit for the nine months ended September 30, 2025, was $433,697, a decrease of 5.1% compared to $457,275 for the same period in 2024[24] - Net income for Q3 2025 was $100,269, down 24.2% from $132,322 in Q3 2024[24] - EBITDA for the nine months ended September 30, 2025, was $566,436, a slight decrease from $579,151 in the same period of 2024[27] Sales Performance - Petroleum additives sales for Q3 2025 were $649.1 million, a decrease of 2.8% from $663.0 million in Q3 2024[4] - Specialty materials sales for Q3 2025 were $38.2 million, a decline of 35.3% from $59.1 million in Q3 2024[6] - For the first nine months of 2025, petroleum additives sales were $1.9 billion, compared to $2.0 billion in the same period of 2024[5] - Specialty materials sales for the first nine months of 2025 increased to $133.9 million from $114.2 million in the same period of 2024[7] - Net sales for Q3 2025 were $690,311, a decrease of 4.8% from $724,947 in Q3 2024[24] Assets and Debt - Cash and cash equivalents increased to $102,455 as of September 30, 2025, compared to $77,476 at December 31, 2024[25] - Total assets rose to $3,234,190 as of September 30, 2025, from $3,129,541 at December 31, 2024[25] - Net debt decreased to $680,649 as of September 30, 2025, from $893,805 at December 31, 2024[28] - Net Debt to EBITDA ratio improved to 0.9 as of September 30, 2025, following a reduction in long-term debt by $188.2 million[10] - Net borrowings under the revolving credit facility were $11,000 for the nine months ended September 30, 2025, compared to $191,000 in the same period of 2024[26] Dividends - The quarterly dividend was increased by 9% to $3.00 per share, payable January 2, 2026[11] - The company declared cash dividends of $2.75 per share in Q3 2025, an increase from $2.50 in Q3 2024[24] Acquisitions - The company acquired Calca Solutions, LLC on October 1, 2025, enhancing its specialty materials segment[8]