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Stock impact report

NewMarket Corp (NEU) Reports Solid Full Year 2023 Earnings and Strategic Acquisition [Yahoo! Finance]

NewMarket Corp (NEU) 
Company Research Source: Yahoo! Finance
Debt Management : NEU improved its Net Debt to EBITDA ratio from 2.0 to 0.9. Working Capital : The company improved working capital by $134.3 million in 2023. Strategic Acquisition : NEU acquired AMPAC for approximately $700 million in January 2024. Shareholder Returns : Returned $127.9 million to shareholders through dividends and share repurchases. Warning! GuruFocus has detected 7 Warning Signs with NEU. On January 31, 2024, NewMarket Corp ( NYSE:NEU ) released its 8-K filing , announcing the company's financial results for the fourth quarter and full year of 2023. The company, a leading manufacturer of petroleum additives, reported a significant increase in net income for the year, despite facing economic headwinds and inflationary pressures. NewMarket Corp ( NYSE:NEU ) is a holding company that operates through its subsidiaries, manufacturing and selling petroleum additives used in lubricating oils and fuels. These additives enhance performance in machinery, vehicles Show less Read more
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