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Newmarket (NEU)
NYSE:NEU
Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
8.38Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 5.01%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted a strong increase in net income and operational efficiency improvements, as well as successful acquisition and integration of AMPAC. However, there were challenges such as decreased sales in petroleum additives and the impact of the inflationary environment. Overall, the positive developments slightly outweigh the challenges.Company Guidance
During the fourth quarter of 2024, NewMarket Corporation reported a net income of $111 million, equating to $11.56 per share, an increase from $80 million or $8.38 per share in the same period of 2023. The petroleum additives segment saw sales of $626 million, down from $642 million in the previous year, yet operating profit rose to $136 million from $110 million due to lower operating costs. Full-year 2024 net income reached $462 million, or $48.22 per share, compared to $389 million or $40.44 per share in 2023. Petroleum additives' annual sales slightly decreased to $2.6 billion from $2.7 billion in 2023, but operating profit improved to $592 million from $514 million. The company also highlighted its acquisition of American Pacific Corporation, contributing $27 million in sales for the fourth quarter and $141 million for the year in its Specialty Materials segment. NewMarket returned $128 million to shareholders and improved its net debt-to-EBITDA ratio from 1.9 to 1.2 by year-end, while maintaining a focus on operational efficiency and technology investments amidst an inflationary environment.Increased Net Income
Net income for Q4 2024 was $111 million or $11.56 per share, compared to $80 million or $8.38 per share for Q4 2023. Full year 2024 net income was $462 million or $48.22 per share, up from $389 million or $40.44 per share in 2023.
Operational Efficiency Improvements
Petroleum additives operating profit for Q4 2024 increased to $136 million from $110 million in Q4 2023 due to lower operating costs. Full year operating profit for 2024 was $592 million, up from $514 million in 2023.
Successful Acquisition and Performance of AMPAC
The acquisition of American Pacific Corporation was completed on January 16, 2024, and Specialty Materials sales were $27 million for Q4 2024 and $141 million for the full year, surpassing pre-acquisition expectations.
Improved Financial Health
Net debt-to-EBITDA ratio improved significantly from 1.9 at the end of Q1 2024 to 1.2 by the end of the year.
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NEU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NEU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 03, 2025 | $484.69 | $508.97 | +5.01% |
| Oct 23, 2024 | $516.22 | $537.90 | +4.20% |
| Jul 29, 2024 | $552.07 | $561.02 | +1.62% |
| Apr 24, 2024 | $575.24 | $526.26 | -8.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Newmarket (NEU) report earnings?
Newmarket (NEU) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Newmarket (NEU) earnings time?
Newmarket (NEU) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEU EPS forecast?
Currently, no data Available
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