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AI brief of an SEC Form 8-K · NewMarket (NEU)

NewMarket Q2 net income rises to $111.6 million, or $11.63 per share, from $10.36

Positive Impact 3 of 5 earnings Written later

NewMarket reported second-quarter 2024 net income of $111.6 million, or $11.63 per share, up from $99.6 million, or $10.36 per share, a year earlier. Total net sales rose to $710.2 million from $685.1 million, with the increase including its newly acquired AMPAC specialty materials business, while petroleum additives sales fell slightly. The results are a routine quarterly update, and the filing does not include new guidance.

Key points

  • Q2 2024 net income was $111.6 million, or $11.63 per share, versus $99.6 million, or $10.36 per share, in Q2 2023.
  • Petroleum additives operating profit was $147.8 million, up from $132.1 million, mainly due to lower raw material and operating costs and higher shipments, partly offset by lower selling prices.
  • Petroleum additives sales were $669.8 million, down from $684.0 million, while specialty materials (AMPAC) added $38.0 million in sales.
  • Net Debt to EBITDA was 1.6 as of June 30, 2024, after the AMPAC acquisition completed on January 16, 2024; long-term debt was $1.17 billion.

The filing

CompanyNewMarket (NEU)
Form8-K, current report
Filed with the SECJul 29, 2024, 5:24 PM ET
Accession number0001282637-24-000016

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 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 July 29, 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.