Every material Form 8-K NewMarket filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NewMarket reported third-quarter 2024 net income of $132.3 million, or $13.79 per share, up from $111.2 million, or $11.60 per share, a year earlier. Net sales rose to $724.9 million from $667.2 million, helped by the AMPAC acquisition, while petroleum additives operating profit increased to $157.5 million.
Q3 2024 net income $132.3 million, EPS $13.79, versus $111.2 million and $11.60 in Q3 2023
Q3 2024 net sales $724.9 million versus $667.2 million; petroleum additives sales $663.0 million versus $663.7 million
Petroleum additives operating profit $157.5 million versus $139.8 million, mainly due to lower raw material and operating costs
Net Debt to EBITDA was 1.4 at September 30, 2024; earnings call set for 3:00 p.m. ET on October 24, 2024
NewMarket Corporation said its Vice President and Chief Financial Officer, William J. Skrobacz, will step down effective December 31, 2024, and intends to retire in 2025. Timothy K. Fitzgerald will succeed him as Vice President and Chief Financial Officer effective January 1, 2025, and the company also named new Treasurer and Principal Accounting Officer and Controller roles effective the same date.
Skrobacz steps down as Vice President and CFO effective December 31, 2024, and intends to retire in 2025.
Timothy K. Fitzgerald, age 47, succeeds him as Vice President and CFO effective January 1, 2025; he joined about 10 years ago and was Treasurer and Finance Director since January 2024.
Gail C. Ridgeway, age 50, becomes Treasurer effective January 1, 2025, replacing Fitzgerald.
Ann P. Pietrantoni, age 45, becomes Principal Accounting Officer and Controller effective January 1, 2025; no compensation determinations have been made for the three appointees.
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.
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.
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.
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NewMarket filing is on SEC EDGAR ↗. 8-K briefs of other companies →