NewMarket Corp

Latest Results (15.05.2026):

NewMarket Corporation — First quarter 2026: Net income was $118.1 million ($12.62 per share) on total net sales of $669.7 million, with segment operating profit of $147.4 million. Results reflected lower petroleum additives shipments and a shift in specialty materials mix following the Calca acquisition, while the company returned capital to shareholders through dividends and substantial share repurchases.

Financial snapshot

Q1 2026 net income $118.1M vs $125.9M a year ago; EPS $12.62 vs $13.26. Total net sales $669.7M (down from $700.9M). Segment operating profit $147.4M vs $165.3M in Q1 2025.

Petroleum additives

Sales $609.8M (vs $645.6M); operating profit $135.0M (vs $142.1M). Management attributes the decline primarily to a ~7% shipment drop driven by softer market demand and strategic pruning of low‑margin business (lower lubricant additives shipments partially offset by higher fuel additives). Margins stayed strong due to operational efficiency.

Specialty materials

Sales $58.1M (up from $53.7M) driven by the Oct. 1, 2025 Calca acquisition; operating profit $12.4M (down from $23.2M) mainly due to product shipment mix at AMPAC. Company expects ongoing quarterly variability and plans capacity expansion in specialty materials toward the end of 2026.

Cash flow & capital allocation

Operations generated solid cash flow: dividends paid ~$28.0M, share repurchases of $125.6M (over 200k shares), and capital expenditures of $24.4M in Q1. Net borrowings under the revolver were $106.0M and a $50.0M senior note principal was paid.

Balance sheet & leverage

Cash and cash equivalents $73.2M; long‑term debt $939.6M; Net Debt $866.5M. Net Debt to EBITDA was 1.2x (rolling four quarters), indicating modest leverage.

Non‑GAAP metrics

Q1 2026 EBITDA $191.8M (vs $203.2M in Q1 2025). Rolling four‑quarter EBITDA $709.7M.

Outlook and risks

Management is monitoring geopolitical and macro risks (including the Middle East) and has adjusted pricing and rebalanced global production to mitigate cost and regional disruptions. They expect continued solid results, continued investment in technology and supply‑chain capacity, and specialty materials capacity to come online late 2026.