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Stock impact report

NewMarket Corporation Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

NewMarket Corp (NEU) 
Company Research Source: Yahoo! Finance
$361 Million Repaid on Revolving Credit Facility in 2023 Acquired American Pacific Corporation (AMPAC) in January 2024 RICHMOND, Va., January 31, 2024 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 fourth quarter and full year of 2023. Net income for the fourth quarter of 2023 was $80.4 million, or $8.38 per share, compared to net income of $90.5 million, or $9.26 per share, for the fourth quarter of 2022. Net income for 2023 was $388.9 million, or $40.44 per share, compared to net income of $279.5 million, or $27.77 per share, for 2022. Petroleum additives sales for the fourth quarter of 2023 were $642.0 million, compared to $680.3 million for the same period in 2022. Petroleum additives operating profit for the fourth quarter of 2023 was $110.4 million, compared to $117.1 million for the fourth quarter of 2022. The decrease in operating pro Show less Read more
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