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Stock impact report

NewMarket Corporation Reports First Quarter 2024 Results

NewMarket Corp (NEU) 
Company Research Source: Business Wire
Net Income of $107.7 Million and Earnings Per Share of $11.23Petroleum Additives Shipments Up 4.7%Acquisition of American Pacific Corporation Completed in January 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 2024.Net income for the first quarter of 2024 was $107.7 million, or $11.23 per share, compared to net income of $97.6 million, or $10.09 per share, for the first quarter of 2023.Petroleum additives sales for the first quarter of 2024 were $677.3 million, compared to $700.0 million for the same period in 2023. Petroleum additives operating profit for the first quarter of 2024 was $150.9 million, compared to $132.1 million for the first quarter of 2023. The increase in petroleum additives operating profit was mainly due to lower raw material and operating costs, partially offset by lower selling prices and produ Show less Read more
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