Core Viewpoint - NewMarket Corporation reported a decline in net income for both the fourth quarter and full year of 2025, primarily due to a higher effective income tax rate and market softness in the petroleum additives segment [1][2]. Financial Performance - For the fourth quarter of 2025, net income was $81.3 million, or $8.65 per share, down from $110.7 million, or $11.56 per share in the same period of 2024 [1][3]. - Full year 2025 net income was $418.7 million, or $44.44 per share, compared to $462.4 million, or $48.22 per share in 2024 [1][3]. - Income before income tax expense for the fourth quarter was $113.2 million, compared to $134.2 million in 2024, and for the full year, it was $560.6 million, down from $584.1 million in 2024 [1][3]. Segment Performance - Petroleum additives sales for Q4 2025 were $585.1 million, down from $626.1 million in Q4 2024, with operating profit decreasing to $106.8 million from $135.7 million [1][3]. - Full year petroleum additives sales were $2.5 billion, down from $2.6 billion in 2024, with operating profit at $520.1 million compared to $591.9 million in 2024 [1][3]. - Specialty materials sales for Q4 2025 increased to $48.5 million from $27.1 million in Q4 2024, with operating profit rising to $7.3 million from $1.5 million [1][3]. - Full year specialty materials sales were $182.5 million, up from $141.2 million in 2024, with operating profit increasing to $47.0 million from $17.5 million [1][3]. Cash Flow and Investments - The company generated strong operating cash flows in 2025, paying dividends of $105.9 million and repurchasing common stock for $77.2 million [1][3]. - Capital expenditures for 2025 were $77.6 million, and long-term debt was reduced by $87.9 million, resulting in a Net Debt to EBITDA ratio of 1.1 as of December 31, 2025 [1][3]. Future Outlook - The company anticipates continued solid results from the petroleum additives segment despite current market challenges and plans to invest in technology and expand production capacity in the specialty materials segment [1][2]. - The company is monitoring the macroeconomic environment, particularly international trade relations and tariffs, to assess potential impacts on operations [1][2].

Core Viewpoint - NewMarket Corporation reported a decline in net income for the third quarter of 2025 compared to the same period in 2024, indicating potential challenges in the petroleum additives market. Financial Performance - Net income for Q3 2025 was $100 million, or $10.67 per share, down from $132 million, or $13.79 per share in Q3 2024 [4] - For the first nine months of 2025, net income totaled $337 million, or $35.78 per share, compared to $352 million, or $36.66 per share for the same period in 2024 [4] - Petroleum additives sales in Q3 2025 were $649 million, a decrease from $663 million in the same period of 2024 [4]

Financial Data and Key Metrics Changes - Net income for Q4 2024 was $111 million or $11.56 per share, compared to $80 million or $8.38 per share for Q4 2023, indicating a significant increase [3] - Full year net income for 2024 was $462 million or $48.22 per share, compared to $389 million or $40.44 per share for 2023, showing a strong year-over-year growth [3] Business Line Data and Key Metrics Changes - Petroleum additives sales for Q4 2024 were $626 million, down from $642 million in Q4 2023, while operating profit increased to $136 million from $110 million due to lower operating costs [4] - For the full year 2024, Petroleum Additives sales were $2.6 billion, down from $2.7 billion in 2023, but operating profit rose to $592 million from $514 million, driven by efficiency efforts and lower raw material costs [5] - Specialty Materials sales were $27 million for Q4 2024 and $141 million for the full year, with operating profit of $1.5 million for Q4 and $17.5 million for the full year, surpassing pre-acquisition expectations [7] Market Data and Key Metrics Changes - Shipments in the Petroleum Additives segment were flat year-over-year, with a small increase in lubricant additives offset by a decline in fuel additives [5] - The company faced challenges from an ongoing inflationary environment, impacting operational costs despite efficiency improvements [6] Company Strategy and Development Direction - The company completed the acquisition of American Pacific Corporation on January 16, 2024, enhancing its Specialty Materials segment with critical performance additives for space and military applications [6] - The company is focused on long-term value creation for shareholders and customers, emphasizing a safety-first culture, customer-focused solutions, and technology-driven products [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for continued strength in the Petroleum Additives and Specialty Materials segments moving into 2025 and beyond [8] - The company is committed to optimizing inventory levels and improving portfolio profitability while investing in technology to meet customer needs [6] Other Important Information - The company generated solid cash flows throughout the year and made significant payments on its revolving credit facility, returning $128 million to shareholders through dividends and share repurchases [7] - As of December 31, 2024, the net debt to EBITDA ratio improved to 1.2 from 1.9 at the end of Q1 [7] Q&A Session Summary - No specific questions or answers were documented in the provided content, as the call concluded with an invitation for questions via email or phone [10]