NewMarket Corp
Description
NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils. It also provides fuel additives that are used to enhance the oil refining process and the performance of gasoline, diesel, biofuels, and other fuels to industry, government, original equipment manufacturers, and individual customers. In addition, the company engages in the marketing of antiknock compounds, as well as contracted manufacturing and services activities; and owns and manages a real property in Virginia. It operates in North America, Latin America, Asia Pacific, Europe, the Middle East, Africa, and India. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.
About
CEO
Mr. Thomas E. Gottwald
Employees
2,000
Instrument type
Common Stock
Sector
Basic Materials
Industry
Specialty Chemicals
MIC code
XNYS
Address
330 South Fourth Street, Richmond, VA 23219-4350, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 22, 2025 | — | — | — | — |
| Feb 4, 2025 | — | — | — | — |
| Apr 26, 2023 | — | 10.09 | — | — |
Earnings estimate
|
Next Year
(Dec 2025)
|
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|---|---|---|---|---|
| Number of analysts | — | — | — | 0 |
| Average estimate | — | — | — | 0.00 |
| Low estimate | — | — | — | 0.00 |
| High estimate | — | — | — | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr.
—
Current year
—
Next year (Dec 2025)
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.70B | 2.76B | 2.36B | 2.01B | 2.19B |
| Cost of revenue | 1.93B | 2.12B | 1.81B | 1.42B | 1.56B |
| Gross profit | 772.51M | 640.50M | 547.71M | 595.03M | 629.87M |
| Operating expense | |||||
| Research & development | 138.00M | 140.25M | 143.95M | 140.37M | 144.47M |
| Selling general and admin | 151.47M | 145.11M | 145.97M | 142.86M | 148.08M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 483.05M | 355.14M | 257.78M | 311.80M | 337.32M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 37.36M | 35.20M | 34.22M | 26.33M | 29.24M |
| Other income expense | 43.28M | 27.80M | 23.99M | 45.81M | 23.51M |
| Pretax income | 488.96M | 347.73M | 247.55M | 331.29M | 331.59M |
| Tax provision | 100.10M | 68.20M | 56.64M | 60.72M | 77.30M |
| Net income | 388.86M | 279.54M | 190.91M | 270.57M | 254.29M |
| Basic EPS | 40.44 | 27.77 | 17.71 | 24.64 | 22.73 |
| Diluted EPS | 40.44 | 27.77 | 17.71 | 24.64 | 22.73 |
| Basic average shares | 9.62M | 10.07M | 10.78M | 10.98M | 11.19M |
| Diluted average shares | 9.62M | 10.07M | 10.78M | 10.98M | 11.19M |
| EBITDA | 604.33M | 472.77M | 366.09M | 441.62M | 448.39M |
| Net income from continuing op. | 388.86M | 279.54M | 190.91M | 270.57M | 254.29M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | 1.34M | 876,000 | 462,000 | 448,000 | 441,000 |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.31B | 2.41B | 2.56B | 1.93B | 1.89B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 111.94M | 68.71M | 83.30M | 125.17M | 144.40M |
| Other short term investments | — | — | 375.92M | — | — |
| Accounts receivable | 368.24M | 384.64M | 316.70M | 284.76M | 289.74M |
| Other receivables | 4.92M | 8.31M | 10.19M | 10.93M | 11.62M |
| Inventory | 456.23M | 631.38M | 498.54M | 401.03M | 365.94M |
| Prepaid assets | 26.27M | 24.78M | 23.53M | 20.01M | 24.97M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 12.79M | 13.56M | 15.11M | 15.47M | 8.26M |
| Non current assets | |||||
| Properties | 105.59M | 99.31M | 107.99M | 72.10M | 73.35M |
| Land and improvements | 102.29M | 101.15M | 99.24M | 96.44M | 98.57M |
| Machinery furniture equipment | 1.33B | 1.28B | 1.28B | 1.19B | 1.16B |
| Construction in progress | 27.56M | 30.92M | 27.01M | 73.23M | 29.23M |
| Leases | 1.84M | 1.83M | 1.89M | 2.15M | 2.12M |
| Accumulated depreciation | -991.29M | -936.35M | -912.42M | -878.31M | -830.49M |
| Goodwill | 248.38M | 249.73M | 251.67M | 253.90M | 254.87M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 901,000 | 2.41M | 3.83M | 5.99M | 8.89M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 13.44M | 14.67M | 15.15M | 18.58M | 18.26M |
| Total liabilities | 1.23B | 1.64B | 1.80B | 1.17B | 1.20B |
| Current liabilities | |||||
| Accounts payable | 231.14M | 273.29M | 246.10M | 189.94M | 178.77M |
| Accrued expenses | 35.84M | 48.92M | 44.98M | 38.29M | 39.91M |
| Short term debt | 15.07M | 15.57M | 365.14M | 13.41M | 14.04M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 11.04M | 19.82M | 8.96M | 9.76M | 14.26M |
| Pensions | 35.80M | 36.88M | 35.61M | 34.14M | 33.81M |
| Other current liabilities | 16.06M | 11.56M | 7.65M | 11.74M | 8.89M |
| Non current liabilities | |||||
| Long term debt | 718.52M | 1.07B | 867.49M | 657.25M | 700.85M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 58.66M | 61.99M | 89.44M | 60.04M | 57.20M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 14.02M | 11.61M | 11.87M | 12.31M | 22.64M |
| Shareholders equity | |||||
| Common stock | 2.13M | — | — | 717,000 | 1.97M |
| Retained earnings | 1.10B | 834.40M | 844.36M | 932.27M | 843.88M |
| Other shareholders equity | -21.07M | -72.00M | -82.23M | -173.16M | -162.75M |
| Total shareholders equity | 1.08B | 762.41M | 762.13M | 759.82M | 683.10M |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 388.86M | 279.54M | 190.91M | 270.57M | 254.29M | 234.73M | 190.51M | 243.44M | 238.60M | 233.26M | 228.97M | 239.59M | 206.91M | 177.13M | 162.28M | 73.23M | 95.32M | 57.52M | 42.38M | 33.06M | 37.05M | 9.91M | -105.04M | 61.00M | 55.30M | 70.60M | 77.50M | 93.00M | 74.00M | 97.80M | 180.50M | 269.40M | 206.70M | 232.20M | 231.40M |
| Depreciation | 78.01M | 82.29M | 84.32M | 84.00M | 87.56M | 71.76M | 55.34M | 44.89M | 42.27M | 41.54M | 46.14M | 43.39M | 43.35M | 39.13M | 31.57M | 27.97M | 29.13M | 31.59M | 36.40M | 44.78M | 50.39M | 52.42M | 99.52M | 66.26M | 65.10M | 63.30M | 61.80M | 61.90M | 49.20M | 54.00M | 127.50M | 105.80M | 89.90M | 88.50M | 81.70M |
| Deferred Taxes | -14.75M | -42.65M | 1.98M | 7.55M | 7.38M | 14.53M | 58.75M | 19.19M | 150,000 | 8.21M | 1.03M | -1.98M | 2.38M | 1.93M | 4.26M | 3.32M | -6.63M | 3.06M | -15.74M | 3.40M | 3.06M | -3.43M | -92.00M | 26.95M | 2.10M | 17.20M | -2.60M | 7.90M | 15.70M | 10.30M | -7.70M | -3.00M | 17.50M | 34.40M | 11.70M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | 429,000 | — | 2.79M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -9.58M | -13.47M | 4.49M | -7.40M | -16.78M | -68.70M | -25.48M | 7.45M | -14.99M | -19.35M | -9.55M | -23.40M | -35.17M | -22.08M | 13.92M | 16.51M | -2.84M | 25.42M | 22.22M | -8.86M | 2.30M | 2.44M | — | 113,000 | — | 2.30M | -7.90M | 5.00M | -2.00M | -10.90M | 3.00M | -178.20M | 149.70M | 295.70M | 257.20M |
| Accounts Receivable | 31.59M | -73.09M | -53.99M | 2.59M | -22.59M | 14.10M | 250,000 | -38.23M | 7.22M | -6.89M | -8.61M | -15.03M | -16.23M | -34.82M | -66,000 | -11.51M | -4.69M | -3.58M | -36.00M | -14.26M | -2.02M | 3.11M | 9.43M | 4.57M | 12.60M | -23.40M | 20.40M | 18.70M | 64.80M | -29.70M | -16.30M | 3.50M | -4.40M | -8.60M | -11.30M |
| Accounts Payable | -59.18M | 35.53M | 60.41M | 7.08M | 8.86M | -19.64M | 17.96M | 18.46M | -8.81M | 8.06M | 5.83M | 11.37M | 1.98M | 11.72M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 170.61M | -180.82M | -120.64M | -50.68M | 17.25M | -39.84M | -43.34M | 24.63M | -29.99M | -49.41M | 3.13M | -10.72M | -33.15M | -76.02M | 56.84M | -82.96M | -7.75M | -25.01M | 14.43M | -39.51M | -12.27M | 16.30M | 9.98M | 40.95M | 15.20M | 7.50M | -7.10M | 6.70M | -18.00M | -3.20M | -900,000 | 301.90M | -64.10M | -12.50M | 5.00M |
| Operating Cash Flow | 585.57M | 87.33M | 167.47M | 313.71M | 335.98M | 206.94M | 253.99M | 319.82M | 234.45M | 215.41M | 266.95M | 243.66M | 170.07M | 99.79M | 268.81M | 26.55M | 102.55M | 89.00M | 63.69M | 18.61M | 78.50M | 80.74M | -78.11M | 199.84M | 150.30M | 137.50M | 142.10M | 193.20M | 183.70M | 118.30M | 286.10M | 499.40M | 395.30M | 629.70M | 575.70M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | 20.00M | — | — | — | — | — | — | — | — | — | — | — | — | -39.56M | -27.23M | -4.11M | -17.97M | 28.73M | -12.67M | 1.36M | -11.19M | -11.10M | -22.70M | -33.50M | -29.40M | -44.80M | -86.80M | -205.00M | 99.00M | -179.50M | -57.80M | -110.40M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | -183.93M | — | — | — | 140.01M | — | — | -41.30M | — | -14.80M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | -787,000 | -393.43M | — | — | — | — | -7.57M | -16.49M | -10.84M | -12.51M | -22.91M | -46.47M | -46.65M | -300,000 | — | — | — | — | — | — | — | -1.25M | — | — | — | — | — | — | — | — | — | -1.35B | -968.60M | — |
| Sale of Investments | — | 372.85M | 10.96M | — | — | — | — | 11.83M | 18.14M | 8.90M | 24.37M | 21.26M | 33.60M | 36.45M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 629.20M | 252.10M | — |
| Investing Cash Flow | — | 372.06M | -382.48M | 19.07M | — | 14.61M | -185.93M | -487,000 | -3.22M | -6.89M | 146.94M | -33,000 | -17.44M | -61.70M | -6.57M | -24.25M | -16.83M | -21.85M | -4.05M | -17.72M | 25.98M | -31.71M | -1.50M | -54.06M | -11.90M | 5.30M | -42.90M | -164.80M | -44.60M | -95.00M | -329.90M | -741.80M | -968.40M | -874.60M | -711.20M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | 213.00M | 543.05M | — | — | — | 250.00M | — | — | — | — | 349.41M | 6.53M | 69.89M | 13.70M | 38.20M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -361.00M | -357.10M | — | -44.68M | -123.45M | — | -156.00M | — | — | -225,000 | -75.00M | -217.19M | -2.73M | -102.06M | -784,000 | -5.99M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | 1.30M | -3.53M | -5.79M | -1.93M | -2.95M | -1.09M | -4.09M | -2.73M | -791,000 | -1.46M | -2.28M | -6.49M | -2.21M | -4.28M | -1.47M | -295,000 | 1.86M | -3.78M | -793,000 | -1.85M | -116,000 | -2.49M | -9.56M | 605,000 | -1.20M | -100,000 | -1.70M | — | 300,000 | 400,000 | 1.50M | 434.50M | 580.10M | 398.60M | 326.10M |
| Financing Cash Flow | -487.59M | -439.36M | 403.13M | -276.14M | -331.53M | -145.43M | -18.98M | -103.38M | -135.48M | -295.60M | -219.84M | -196.95M | -111.09M | -176.57M | -3.66M | 26.63M | -87.91M | -11.55M | -355,000 | -1.01M | -116,000 | -2.49M | -9.56M | -15.05M | -22.10M | -21.00M | -387.90M | -59.20M | -58.90M | -91.70M | -70.10M | 363.00M | 507.30M | 116.00M | 222.70M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 111.94M | 68.71M | 83.30M | 125.17M | 144.40M | 73.04M | 84.17M | 192.15M | 93.42M | 103.00M | 238.70M | 89.13M | 50.37M | 49.19M | 151.83M | 21.76M | 71.87M | 60.30M | 56.41M | 28.78M | 29.05M | 15.48M | 12.38M | 4.47M | 15.80M | 8.40M | 18.20M | — | — | 31.20M | — | — | — | — | — |
| Income Tax Paid | 132.93M | 132.93M | 67.92M | 62.33M | 64.90M | 76.86M | 59.01M | 61.00M | 99.01M | 112.29M | 96.27M | 99.96M | 96.92M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 36.64M | 40.53M | 30.47M | 26.15M | 28.52M | 28.92M | 20.38M | 18.78M | 16.19M | 16.22M | 17.17M | 9.61M | 17.33M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 528.53M | 52.45M | 86.40M | 190.84M | 277.78M | 123.27M | 94.08M | 210.56M | 141.53M | 175.24M | 219.46M | 234.06M | 131.08M | 127.64M | 135.31M | -53.97M | 70.02M | 6.44M | 46.17M | 18.84M | 70.11M | 70.00M | 116.30M | 75.65M | 114.00M | 107.00M | 89.10M | 155.80M | 104.50M | -25.10M | -49.80M | 338.90M | 147.90M | 369.10M | 447.90M |
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Article
NewMarket Corporation (NEU) Q4 2024 Earnings Call Transcript
NewMarket Corporation (NYSE:NEU ) Q4 2024 Earnings Conference Call February 4, 2025 3:00 PM ET Company Participants Timothy Fitzgerald - VP & CFO Operator Good day, everyone, and welcome to the NewMarket Corporation Schedules Conference Call and Webcast to review the Fourth Quarter 2024 Financial Results. At this time all participants have been placed on a listen-only mode.
Feb 4, 2025
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Feb 3, 2025
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Jan 3, 2025
