Quarterly ResultApr 22, 2026, 05:16 PM
NewMarket Q1 2026 Net Income Falls to $118.1M; Repurchases $126M Stock
AI Summary
NewMarket Corporation reported first-quarter 2026 net income of $118.1 million, or $12.62 per share, a decrease from $125.9 million in Q1 2025. Petroleum additives operating profit declined due to a 7% drop in shipments and a strategic reduction in low-margin business, while specialty materials operating profit also decreased despite higher sales driven by an acquisition. The company generated solid cash flows, repurchasing $125.6 million in stock and paying $28.0 million in dividends, and anticipates continued solid results.
Key Highlights
- Net income for Q1 2026 was $118.1 million, or $12.62 per share.
- Petroleum additives operating profit decreased to $135.0 million.
- Specialty materials operating profit fell to $12.4 million.
- Company repurchased $125.6 million of common stock.
- Paid $28.0 million in dividends to shareholders.