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Stock impact report

NewMarket Corporation Reports First Quarter 2020 Results

NewMarket Corp (NEU) 
Company Research Source: Business Wire
Net Income of $85.5 Million and Earnings Per Share of $7.67Petroleum Additives Operating Profit of $113.7 MillionPetroleum Additives Shipments Up 5.9%252,383 Shares Repurchased RICHMOND, Va.--(BUSINESS WIRE)--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 2020.Net income for the first quarter of 2020 was $85.5 million, or $7.67 per share, compared to net income of $62.2 million, or $5.57 per share, for the first quarter of 2019.Sales for the petroleum additives segment for the first quarter of 2020 were $557.4 million, up 4.6% compared to the same period last year. Petroleum additives operating profit for the first quarter of 2020 was $113.7 million compared to $87.9 million for the first quarter of 2019. The increase was primarily due to higher shipments and lower conversion costs, with lower raw material costs offset by decreased selling prices. Show less Read more
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