NewMarket (NEU) News & Sentiment

RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) has announced a quarterly dividend of $2.75 per share on its common stock, which is an increase of $0.25, or 10%, from the previous dividend of $2.50 per share. This dividend will be paid on April 1, 2025, to shareholders who are on record as of the end of business on March 17, 2025. NewMarket Corporation operates as a holding company through its subsidiaries, including Afton Chemical.

NewMarket Corporation (NYSE:NEU) will hold its Q4 2024 Earnings Conference Call on February 4, 2025, at 3:00 PM ET. Timothy Fitzgerald, the VP and CFO, will be leading the call. Currently, all participants are in listen-only mode.

RICHMOND, Va.--(BUSINESS WIRE)--Thomas E. Gottwald, the Chairman and CEO of NewMarket Corporation (NYSE:NEU), announced the earnings report for the company's fourth quarter and the entire year of 2024. In the fourth quarter of 2024, the net income reached $110.7 million, which is $11.56 per share, an increase from $80.4 million, or $8.38 per share, in the same quarter last year. For the full year of 2024, the net income was $462.4 million, or $48.22 per share, compared to $388.9 million from the previous year.

RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) has announced that it plans to share its earnings for the fourth quarter and the entire year of 2024 at the end of the business day on Monday, February 3, 2025. The earnings report will be available on the company's website, www.NewMarket.com, the next day. A conference call and webcast to discuss the financial results will take place at 3:00 pm ET on Tuesday, February 4, 2025.

RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) has announced that Bryce D. Jewett III will become the Executive Vice President and General Counsel starting January 1, 2025. He was previously the Vice President and General Counsel of the Company. Before joining NewMarket in 2020, Mr. Jewett worked as a Partner at McGuireWoods LLP, specializing in Mergers and Acquisitions.

RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) has approved a new share buyback plan that allows management to repurchase up to $500 million of the company's common stock until December 31, 2027, depending on market conditions and existing debt agreements. This new program will take the place of the previous $500 million buyback plan that was also approved by the Board.

RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) has announced a quarterly dividend of $2.50 per share for its common stock. This dividend will be paid on January 2, 2025, to shareholders who are on record as of the end of business on December 16, 2024. NewMarket Corporation operates through its subsidiaries, which include Afton Chemical Corporation, Ethyl Corporation, and American Pacific Corporation.

RICHMOND, Va.--(BUSINESS WIRE)--Thomas E. Gottwald, the Chairman and CEO of NewMarket Corporation (NYSE:NEU), announced the earnings report for the company's performance in the third quarter and the first nine months of 2024. In the third quarter of 2024, the net income reached $132.3 million, which is $13.79 per share, an increase from $111.2 million, or $11.60 per share, during the same time last year. For the first nine months of 2024, the net income totaled $351.7 million, or $36.66 per share.

RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) has announced that William J. Skrobacz will resign from his position as Vice President and Chief Financial Officer on December 31, 2024, as he plans to retire in 2025. Mr. Skrobacz has been with the Company for more than 13 years, taking on various finance and accounting roles before becoming Vice President and Chief Financial Officer.