NewMarket Corporation (N:NEU)
Business Focus: Commodity Chemicals
| Sector: Basic Materials | Industry: Commodity Chemicals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 330 S Fourth St PO Box 2189 RICHMOND VA 23218-2189 |
| Tel: | N/A |
| Website: | https://www.newmarket.com |
| IR: | See website |
| Key People | ||
| Thomas E. Gottwald Chairman of the Board, President, Chief Executive Officer | William J. Skrobacz Chief Financial Officer, Vice President | Brian D. Paliotti President of Afton Chemical Corporation |
| Bruce R. Hazelgrove Executive Vice President, Chief Administrative Officer | Gail C. Ridgeway Principal Accounting Officer, Controller | Bryce Dickinson Jewett Vice President, General Counsel |
| Business Overview |
| 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 chemicals used in solid rocket motors for the aerospace and defense industries. Its Petroleum Additives segment manufactures chemical components that are selected to perform one or more specific functions and combine those chemicals with other chemicals or components to form additive packages for use in specified end-user applications. Ethyl provides contracted manufacturing and related services to Afton and to third parties and is a marketer of antiknock compounds in North America. Its subsidiaries, NewMarket Services Corp, provide various administrative services; and NewMarket Development Corp, manages the real property. |
| Financial Overview |
| For the three months ended 31 March 2024, NewMarket Corporation revenues decreased 1% to $696.7M. Net income applicable to common stockholders increased 10% to $107.4M. Revenues reflect Petroleum Additives segment decrease of 3% to $677.3M, All Other segment decrease of 13% to $2.4M, United States segment decrease of 3% to $248.2M, Other Foreign segment decrease of 8% to $83.5M. |
| Employees: | 2,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,580M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,692M as of Mar 31, 2024 |
| EBITDA (TTM): | $582.31M as of Mar 31, 2024 |
| Net annual income (TTM): | $397.61M as of Mar 31, 2024 |
| Free cash flow (TTM): | $431.04M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,162M as of Mar 31, 2024 |
| Shares outstanding: | 9,594,250 as of Mar 31, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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