NewMarket Q1 net income rises to $107.7 million, EPS $11.23 vs $10.09
NewMarket reported first quarter 2024 net income of $107.7 million, or $11.23 per share, up from $97.6 million, or $10.09 per share, a year earlier. Total net sales were $696.7 million, down from $702.8 million, and the results include 76 days of the American Pacific (AMPAC) business acquired in January for about $700 million.
Key points
- Net income was $107.7 million, or $11.23 per share, versus $97.6 million, or $10.09 per share, in Q1 2023.
- Total net sales were $696.7 million versus $702.8 million; petroleum additives sales were $677.3 million versus $700.0 million.
- Petroleum additives operating profit rose to $150.9 million from $132.1 million, mainly due to lower raw material and operating costs.
- Long-term debt rose to $1.28 billion at March 31, 2024, from $643.6 million at December 31, 2023, and the Board approved an 11% increase in the quarterly dividend rate in February.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.