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    NewMarket Corporation Reports Fourth Quarter and Full Year 2024 Results

    2/3/25 5:01:00 PM ET
    $NEU
    Major Chemicals
    Industrials
    Get the next $NEU alert in real time by email
    • Full Year Net Income of $462 Million and Earnings Per Share of $48.22
    • Full Year Petroleum Additives Operating Profit of $592 Million
    • AMPAC Sales for 2024 Surpass Pre-Acquisition Expectations
    • Debt Reduction of $373 Million since AMPAC Acquisition

    NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company's operations for the fourth quarter and full year of 2024.

    Net income for the fourth quarter of 2024 was $110.7 million, or $11.56 per share, compared to net income of $80.4 million, or $8.38 per share, for the same period last year. Net income for 2024 was $462.4 million, or $48.22 per share, compared to $388.9 million, or $40.44 per share, for 2023.

    Petroleum additives sales for the fourth quarter of 2024 were $626.1 million, compared to $642.0 million for the same period in 2023. Petroleum additives operating profit for the fourth quarter of 2024 was $135.7 million, compared to $110.4 million for the fourth quarter of 2023. The increase in petroleum additives operating profit was primarily driven by lower operating costs. Our continued focus on operational efficiency enabled these cost savings, while still making investments in technology solutions for our customers. These gains were partially offset by a decrease in shipments, as our customers managed year-end inventory levels.

    Sales for the petroleum additives segment for 2024 were $2.6 billion, compared to $2.7 billion in 2023. Petroleum additives operating profit for 2024 was $591.9 million, compared to $514.4 million for 2023. The increase in operating profit between these periods was primarily due to lower operating costs from our efficiency efforts, as well as lower raw material costs partially offset by lower selling prices. Shipments were flat in 2024 compared to 2023, with a small increase in lubricant additives shipments offset by a decline in fuel additives shipments.

    We are pleased with the strong performance of our petroleum additives business in 2024 and continue to see favorable results from our ongoing efficiency initiatives. Our priorities for 2025 include continuing to invest in technology to meet customer needs, enhancing our operational efficiency to sustain those investments, optimizing inventory levels and improving our portfolio profitability.

    We completed the acquisition of American Pacific Corporation (AMPAC) on January 16, 2024. We report the financial results of our AMPAC business in our specialty materials segment. Specialty materials sales were $27.1 million for the fourth quarter of 2024 and $141.2 million for the full year of 2024, surpassing our pre-acquisition expectations. Specialty materials operating profit was $1.5 million for the fourth quarter of 2024 and $17.5 million for the full year of 2024.

    The specialty materials full year 2024 results include the sale of AMPAC finished goods inventory that we acquired at closing. The acquired inventory was recorded at fair value on the acquisition date and sold during 2024, generating no margin.

    Our operations generated strong cash flows during 2024. We paid dividends of $95.9 million, funded capital expenditures of $57.3 million, and repurchased common stock for $31.9 million. Since the AMPAC acquisition, we have made net payments of $373.0 million on our revolving credit facility. As of December 31, 2024, our Net Debt to EBITDA ratio was 1.2, which is below our target operating range of 1.5 to 2.0.

    As we look forward to 2025 and beyond, we expect continued strength in both our petroleum additives and specialty materials segments. Our dedicated team continues to make decisions to promote long-term value for our shareholders and customers, and remains focused on our long-term objectives. We believe the fundamentals of how we run our business - a long-term view, safety-first culture, customer-focused solutions, technology-driven product offerings, and world-class supply chain capability - will continue to be beneficial for all our stakeholders.

    Sincerely,

    Thomas E. Gottwald

    The petroleum additives segment consists of the North America (the United States and Canada), Latin America (Mexico, Central America, and South America), Asia Pacific, and Europe/Middle East/Africa/India (Europe or EMEAI) regions. The specialty materials segment, which consists of the AMPAC business, operates primarily in North America.

    The Company has disclosed the non-GAAP financial measures EBITDA, Net Debt, and Net Debt to EBITDA, as well as the related calculations in the schedules included with this earnings release. EBITDA is defined as income from continuing operations before the deduction of interest and financing expenses, income taxes, depreciation (on property, plant, and equipment) and amortization (on intangibles and lease right-of-use assets). Net Debt is defined as long-term debt, including current maturities, less cash and cash equivalents. Net Debt to EBITDA is defined as Net Debt divided by EBITDA for the rolling four quarters ended as of the specified date. The Company believes that even though these items are not required by or presented in accordance with United States generally accepted accounting principles (GAAP), these additional measures enhance understanding of the Company's performance and period to period comparability. The Company believes that these items should not be considered an alternative to our results determined under GAAP.

    As a reminder, a conference call and webcast is scheduled for 3:00 p.m. ET on Tuesday, February 4, 2025, to review fourth quarter and full year 2024 financial results. You can access the conference call live by dialing 1-888-506-0062 (domestic) or 1-973-528-0011 (international) and requesting the NewMarket conference call. To avoid delays, callers should dial in five minutes early. A teleconference replay of the call will be available until Tuesday, February 11, 2025, at 3:00 p.m. ET by dialing 1-877-481-4010 (domestic) or 1-919-882-2331 (international). The replay passcode number is 51799. The call will also be broadcast via the internet and can be accessed through the Company's website at www.newmarket.com or www.webcaster4.com/Webcast/Page/2001/51799. A webcast replay will be available for 30 days.

    NewMarket Corporation is a holding company operating through its subsidiaries, Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC). The Afton and Ethyl companies develop, manufacture, blend, and deliver chemical additives that enhance the performance of petroleum products. AMPAC is a manufacturer of specialty materials primarily used in solid rocket motors for the aerospace and defense industries. The NewMarket family of companies has a long-term commitment to its people, to safety, to providing innovative solutions for its customers, and to making the world a better place.

    Some of the information contained in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although NewMarket's management believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from expectations.

    Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and distribution systems; disruptions at production facilities, including single-sourced facilities; hazards common to chemical businesses; the ability to respond effectively to technological changes in our industries; failure to protect our intellectual property rights; sudden, sharp, or prolonged raw material price increases; competition from other manufacturers; current and future governmental regulations; the loss of significant customers; termination or changes to contracts with contractors and subcontractors of the U.S. government or directly with the U.S. government; failure to attract and retain a highly-qualified workforce; an information technology system failure or security breach; the occurrence or threat of extraordinary events, including natural disasters, terrorist attacks, wars and health-related epidemics; risks related to operating outside of the United States; political, economic, and regulatory factors concerning our products; the impact of substantial indebtedness on our operational and financial flexibility; the impact of fluctuations in foreign exchange rates; resolution of environmental liabilities or legal proceedings; limitation of our insurance coverage; our inability to realize expected benefits from investment in our infrastructure or from acquisitions, or our inability to successfully integrate acquisitions into our business; the underperformance of our pension assets resulting in additional cash contributions to our pension plans; and other factors detailed from time to time in the reports that NewMarket files with the Securities and Exchange Commission, including the risk factors in Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2023 and Part II, Item 1A. "Risk Factors" of our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, which are available to shareholders at www.newmarket.com.

    You should keep in mind that any forward-looking statement made by NewMarket in the foregoing discussion speaks only as of the date on which such forward-looking statement is made. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the forward-looking statements in this discussion after the date hereof, except as may be required by law. In light of these risks and uncertainties, you should keep in mind that the events described in any forward-looking statement made in this discussion, or elsewhere, might not occur.

     

    NEWMARKET CORPORATION AND SUBSIDIARIES

    SEGMENT RESULTS AND OTHER FINANCIAL INFORMATION

    (In thousands, except per-share amounts, unaudited)

     

     

     

    Fourth Quarter Ended

    December 31,

     

    Twelve Months Ended

    December 31,

     

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Net Sales:

     

     

     

     

     

     

     

     

    Petroleum additives

     

    $

    626,138

     

     

    $

    642,030

     

     

    $

    2,636,242

     

     

    $

    2,689,709

     

    Specialty materials

     

     

    27,092

     

     

     

    0

     

     

     

    141,243

     

     

     

    0

     

    All other

     

     

    1,417

     

     

     

    1,320

     

     

     

    9,073

     

     

     

    8,710

     

    Total

     

    $

    654,647

     

     

    $

    643,350

     

     

    $

    2,786,558

     

     

    $

    2,698,419

     

    Segment operating profit:

     

     

     

     

     

     

     

     

    Petroleum additives

     

    $

    135,658

     

     

    $

    110,402

     

     

    $

    591,854

     

     

    $

    514,428

     

    Specialty materials

     

     

    1,485

     

     

     

    0

     

     

     

    17,452

     

     

     

    0

     

    All other

     

     

    (735

    )

     

     

    (2,225

    )

     

     

    (2,283

    )

     

     

    (4,986

    )

    Segment operating profit

     

     

    136,408

     

     

     

    108,177

     

     

     

    607,023

     

     

     

    509,442

     

    Corporate unallocated expense

     

     

    (3,837

    )

     

     

    (6,457

    )

     

     

    (17,332

    )

     

     

    (26,147

    )

    Interest and financing expenses

     

     

    (11,645

    )

     

     

    (7,110

    )

     

     

    (57,366

    )

     

     

    (37,359

    )

    Other income (expense), net

     

     

    13,323

     

     

     

    10,012

     

     

     

    51,782

     

     

     

    43,026

     

    Income before income tax expense

     

    $

    134,249

     

     

    $

    104,622

     

     

    $

    584,107

     

     

    $

    488,962

     

    Net income

     

    $

    110,739

     

     

    $

    80,410

     

     

    $

    462,413

     

     

    $

    388,864

     

    Earnings per share - basic and diluted

     

    $

    11.56

     

     

    $

    8.38

     

     

    $

    48.22

     

     

    $

    40.44

     

     

    NEWMARKET CORPORATION AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF INCOME

    (In thousands, except per-share amounts, unaudited)

     

     

     

    Fourth Quarter Ended

    December 31,

     

    Twelve Months Ended

    December 31,

     

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Net sales

     

    $

    654,647

     

    $

    643,350

     

    $

    2,786,558

     

    $

    2,698,419

    Cost of goods sold

     

     

    446,961

     

     

     

    466,224

     

     

     

    1,900,212

     

     

     

    1,925,906

     

    Gross profit

     

     

    207,686

     

     

     

    177,126

     

     

     

    886,346

     

     

     

    772,513

     

    Selling, general, and administrative expenses

     

     

    42,083

     

     

     

    36,799

     

     

     

    171,412

     

     

     

    151,470

     

    Research, development, and testing expenses

     

     

    32,842

     

     

     

    38,990

     

     

     

    124,898

     

     

     

    137,998

     

    Operating profit

     

     

    132,761

     

     

     

    101,337

     

     

     

    590,036

     

     

     

    483,045

     

    Interest and financing expenses, net

     

     

    11,645

     

     

     

    7,110

     

     

     

    57,366

     

     

     

    37,359

     

    Other income (expense), net

     

     

    13,133

     

     

     

    10,395

     

     

     

    51,437

     

     

     

    43,276

     

    Income before income tax expense

     

     

    134,249

     

     

     

    104,622

     

     

     

    584,107

     

     

     

    488,962

     

    Income tax expense

     

     

    23,510

     

     

     

    24,212

     

     

     

    121,694

     

     

     

    100,098

     

    Net income

     

    $

    110,739

     

     

    $

    80,410

     

     

    $

    462,413

     

     

    $

    388,864

     

    Earnings per share - basic and diluted

     

    $

    11.56

     

     

    $

    8.38

     

     

    $

    48.22

     

     

    $

    40.44

     

    Cash dividends declared per share

     

    $

    2.50

     

     

    $

    2.25

     

     

    $

    10.00

     

     

    $

    8.85

     

     

    NEWMARKET CORPORATION AND SUBSIDIARIES

    CONSOLIDATED BALANCE SHEETS

    (In thousands, except share amounts, unaudited)

     

     

     

    December 31,

    2024

     

    December 31,

    2023

    ASSETS

     

     

     

     

    Current assets:

     

     

     

     

    Cash and cash equivalents

     

    $

    77,476

     

    $

    111,936

     

    Trade and other accounts receivable, less allowance for credit losses

     

     

    395,450

     

     

     

    432,349

     

    Inventories

     

     

    505,426

     

     

     

    456,234

     

    Prepaid expenses and other current assets

     

     

    51,203

     

     

     

    39,051

     

    Total current assets

     

     

    1,029,555

     

     

     

    1,039,570

     

    Property, plant, and equipment, net

     

     

    735,361

     

     

     

    654,747

     

    Intangibles (net of amortization) and goodwill

     

     

    750,424

     

     

     

    124,642

     

    Prepaid pension cost

     

     

    490,418

     

     

     

    370,882

     

    Operating lease right-of-use assets, net

     

     

    71,253

     

     

     

    70,823

     

    Deferred charges and other assets

     

     

    52,530

     

     

     

    48,207

     

    Total assets

     

    $

    3,129,541

     

     

    $

    2,308,871

     

    LIABILITIES AND SHAREHOLDERS' EQUITY

     

     

     

     

    Current liabilities:

     

     

     

     

    Accounts payable

     

    $

    225,874

     

     

    $

    231,137

     

    Accrued expenses

     

     

    89,277

     

     

     

    76,546

     

    Dividends payable

     

     

    22,037

     

     

     

    19,212

     

    Income taxes payable

     

     

    15,798

     

     

     

    6,131

     

    Operating lease liabilities

     

     

    15,337

     

     

     

    15,074

     

    Other current liabilities

     

     

    6,155

     

     

     

    16,064

     

    Total current liabilities

     

     

    374,478

     

     

     

    364,164

     

    Long-term debt

     

     

    971,281

     

     

     

    643,622

     

    Operating lease liabilities - noncurrent

     

     

    54,754

     

     

     

    55,058

     

    Other noncurrent liabilities

     

     

    267,445

     

     

     

    168,966

     

    Total liabilities

     

     

    1,667,958

     

     

     

    1,231,810

     

    Shareholders' equity:

     

     

     

     

    Common stock and paid-in capital (with no par value; issued and outstanding shares - 9,524,789 at December 31, 2024 and 9,590,086 at December 31, 2023)

     

     

    0

     

     

     

    2,130

     

    Accumulated other comprehensive income (loss)

     

     

    32,870

     

     

     

    (21,071

    )

    Retained earnings

     

     

    1,428,713

     

     

     

    1,096,002

     

    Total shareholders' equity

     

     

    1,461,583

     

     

     

    1,077,061

     

    Total liabilities and shareholders' equity

     

    $

    3,129,541

     

     

    $

    2,308,871

     

     

    NEWMARKET CORPORATION AND SUBSIDIARIES

    SELECTED CONSOLIDATED CASH FLOW DATA

    (In thousands, unaudited)

     

     

     

    Twelve Months Ended

    December 31,

     

     

     

    2024

     

     

     

    2023

     

    Net income

     

    $

    462,413

     

     

    $

    388,864

     

    Depreciation and amortization

     

     

    116,957

     

     

     

    78,010

     

    Cash pension and postretirement contributions

     

     

    (11,814

    )

     

     

    (10,219

    )

    Working capital changes

     

     

    (23,332

    )

     

     

    134,280

     

    Deferred income tax benefit

     

     

    (12,799

    )

     

     

    (14,750

    )

    Capital expenditures

     

     

    (57,319

    )

     

     

    (48,293

    )

    Acquisition of business, net of cash acquired

     

     

    (681,479

    )

     

     

    0

     

    Net borrowings (repayments) under revolving credit facility

     

     

    77,000

     

     

     

    (361,000

    )

    Proceeds from term loan

     

     

    250,000

     

     

     

    0

     

    Dividends paid

     

     

    (95,902

    )

     

     

    (85,034

    )

    Debt issuance costs

     

     

    (2,251

    )

     

     

    0

     

    Repurchases of common stock

     

     

    (31,914

    )

     

     

    (42,864

    )

    All other

     

     

    (24,020

    )

     

     

    4,230

     

    (Decrease) increase in cash and cash equivalents

     

    $

    (34,460

    )

     

    $

    43,224

     

     

    NEWMARKET CORPORATION AND SUBSIDIARIES

    NON-GAAP FINANCIAL INFORMATION

    (In thousands, unaudited)

     

    Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)

     

     

     

     

     

     

     

     

     

    Fourth Quarter Ended

    December 31,

     

    Twelve Months Ended

    December 31,

     

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Net Income

     

    $

    110,739

     

    $

    80,410

     

    $

    462,413

     

    $

    388,864

    Add:

     

     

     

     

     

     

     

     

    Interest and financing expenses, net

     

     

    11,645

     

     

     

    7,110

     

     

     

    57,366

     

     

     

    37,359

     

    Income tax expense

     

     

    23,510

     

     

     

    24,212

     

     

     

    121,694

     

     

     

    100,098

     

    Depreciation and amortization

     

     

    33,385

     

     

     

    19,997

     

     

     

    116,957

     

     

     

    76,620

     

    EBITDA

     

    $

    179,279

     

     

    $

    131,729

     

     

    $

    758,430

     

     

    $

    602,941

     

     

     

     

     

     

     

     

     

     

    Net Debt to EBITDA

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    December 31,

    2024

     

    December 31,

    2023

    Long-term debt, including current maturities

     

     

     

     

     

    $

    971,281

     

     

    $

    643,622

     

    Less: Cash and cash equivalents

     

     

     

     

     

     

    77,476

     

     

     

    111,936

     

    Net Debt

     

     

     

     

     

    $

    893,805

     

     

    $

    531,686

     

     

     

     

     

     

     

     

     

     

    Net Debt to EBITDA

     

     

     

     

     

     

    1.2

     

     

     

    0.9

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250131960351/en/

    FOR INVESTOR INFORMATION CONTACT:

    Timothy K. Fitzgerald

    Investor Relations

    Phone: 804.788.5555

    Email: [email protected]

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    • NewMarket Corporation Announces Quarterly Dividend Q2

      The Board of Directors of NewMarket Corporation (NYSE:NEU) declared a quarterly dividend in the amount of $2.75 per share on the common stock of the Corporation. The dividend is payable July 1, 2025, to NewMarket shareholders of record at the close of business on June 16, 2025. NewMarket Corporation is a holding company operating through its subsidiaries, Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC). The Afton and Ethyl companies develop, manufacture, blend, and deliver chemical additives that enhance the performance of petroleum products. AMPAC is a manufacturer of specialty materials primarily used in solid rocket motors for the

      4/24/25 5:01:00 PM ET
      $NEU
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    • NewMarket Corporation Reports First Quarter 2025 Results

      Net Income of $126 Million and Earnings Per Share of $13.26 Petroleum Additives Operating Profit of $142 Million Specialty Materials Operating Profit of $23 Million Funded Stock Repurchases of $57 Million NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company's operations for the first quarter of 2025. Net income for the first quarter of 2025 was $125.9 million, or $13.26 per share, compared to net income of $107.7 million, or $11.23 per share, for the same period last year. Petroleum additives sales for the first quarter of 2025 were $645.6 million, compared to $677.3 million for the sam

      4/23/25 5:01:00 PM ET
      $NEU
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    SEC Filings

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    • SEC Form 11-K filed by NewMarket Corp

      11-K - NEWMARKET CORP (0001282637) (Filer)

      5/22/25 9:39:20 AM ET
      $NEU
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    • SEC Form 8-K filed by NewMarket Corp

      8-K - NEWMARKET CORP (0001282637) (Filer)

      4/24/25 5:10:39 PM ET
      $NEU
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    • SEC Form 10-Q filed by NewMarket Corp

      10-Q - NEWMARKET CORP (0001282637) (Filer)

      4/24/25 9:15:51 AM ET
      $NEU
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    $NEU
    Financials

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    • NewMarket Corporation Announces Quarterly Dividend Q2

      The Board of Directors of NewMarket Corporation (NYSE:NEU) declared a quarterly dividend in the amount of $2.75 per share on the common stock of the Corporation. The dividend is payable July 1, 2025, to NewMarket shareholders of record at the close of business on June 16, 2025. NewMarket Corporation is a holding company operating through its subsidiaries, Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC). The Afton and Ethyl companies develop, manufacture, blend, and deliver chemical additives that enhance the performance of petroleum products. AMPAC is a manufacturer of specialty materials primarily used in solid rocket motors for the

      4/24/25 5:01:00 PM ET
      $NEU
      Major Chemicals
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    • NewMarket Corporation Reports First Quarter 2025 Results

      Net Income of $126 Million and Earnings Per Share of $13.26 Petroleum Additives Operating Profit of $142 Million Specialty Materials Operating Profit of $23 Million Funded Stock Repurchases of $57 Million NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company's operations for the first quarter of 2025. Net income for the first quarter of 2025 was $125.9 million, or $13.26 per share, compared to net income of $107.7 million, or $11.23 per share, for the same period last year. Petroleum additives sales for the first quarter of 2025 were $645.6 million, compared to $677.3 million for the sam

      4/23/25 5:01:00 PM ET
      $NEU
      Major Chemicals
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    • NewMarket Corporation Schedules Conference Call and Webcast to Review First Quarter 2025 Financial Results

      NewMarket Corporation (NYSE:NEU) announced today it expects to release first quarter 2025 earnings at the close of business on Wednesday, April 23, 2025. The earnings announcement will also be available on the Company's website at www.NewMarket.com the following day. A conference call and webcast are scheduled for 3:00 pm ET on Thursday, April 24, 2025 to review first quarter 2025 financial results. You can access the conference call live by dialing 1-888-506-0062 (domestic) or 1-973-528-0011 (international) and requesting the NewMarket conference call. To avoid delays, callers should dial in five minutes early. A teleconference replay of the call will be available until Thursday, May 1, 2

      3/31/25 5:01:00 PM ET
      $NEU
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    $NEU
    Leadership Updates

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    • NewMarket Announces the Retirement of Its Vice President and Chief Financial Officer and the Appointment of Successor

      NewMarket Corporation (NYSE:NEU) (the "Company") announced today that William J. Skrobacz is stepping down from his role as Vice President and Chief Financial Officer of the Company effective December 31, 2024, as he intends to retire from the Company in 2025. Since joining the Company over 13 years ago, Mr. Skrobacz has served in a variety of finance and accounting roles of increasing responsibility, culminating in his appointment as Vice President and Chief Financial Officer in January 2023. Prior to becoming Vice President and Chief Financial Officer, Mr. Skrobacz's roles included: Senior Manager, Business Assurance, Controller Designate and Principal Accounting Officer and Controller.

      10/3/24 5:01:00 PM ET
      $NEU
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    • NewMarket Announces the Retirement of the President of Afton Chemical Corporation and the Appointment of New President

      NewMarket Corporation (NYSE:NEU) (the "Company") announced today that Regina Anne Harm, President of Afton Chemical Corporation ("Afton"), is stepping down from her role as President of Afton effective December 31, 2022, as she intends to retire in 2023. Mrs. Harm has worked for Afton for over 15 years, and she has served in a variety of areas of increasing responsibility during this time, culminating in the role of President in 2018. Prior to becoming President, her roles included: Vice President, Lube Additive Business Worldwide, VP, Performance Additives, VP, Supply, and Senior VP & Chief Operating Officer. Teddy Gottwald, President & CEO of NewMarket, thanked Mrs. Harm for her many yea

      10/31/22 4:01:00 PM ET
      $NEU
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    $NEU
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • Chairman, President & CEO Gottwald Thomas E gifted 1,550 shares, decreasing direct ownership by 7% to 20,927 units (SEC Form 4)

      4 - NEWMARKET CORP (0001282637) (Issuer)

      5/21/25 4:35:06 PM ET
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    • EVP & CAO Hazelgrove Bruce R Iii sold $199,796 worth of shares (311 units at $642.43), decreasing direct ownership by 46% to 358 units (SEC Form 4)

      4 - NEWMARKET CORP (0001282637) (Issuer)

      5/14/25 4:39:47 PM ET
      $NEU
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    • Director Gottwald Bruce C gifted 198 shares, decreasing direct ownership by 0.31% to 63,141 units (SEC Form 4)

      4 - NEWMARKET CORP (0001282637) (Issuer)

      4/24/25 4:51:28 PM ET
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