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Newmarket (NEU)
NYSE:NEU
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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: -4.29%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong net income growth, improved operating profit in the petroleum additives segment, successful integration of AMPAC, and a solid financial position with a favorable debt-to-EBITDA ratio. However, the call also noted stagnant petroleum additives sales and lack of margin from AMPAC inventory sales. Overall, the positive aspects of the financial performance and strategic execution outweigh the challenges mentioned.Company Guidance
During the third-quarter 2024 earnings call for NewMarket Corporation, William Skrobacz highlighted several key financial metrics. The company reported a net income of $132 million, or $13.79 per share, marking an increase from $111 million, or $11.60 per share, in the same period the previous year. Petroleum additives sales slightly decreased to $663 million from $664 million in 2023, but operating profit rose to $157 million, up from $140 million, largely due to reduced raw material and operating costs. Additionally, the acquisition of American Pacific Corp. (AMPAC) contributed to specialty materials sales of $59 million for the quarter. The company maintained a strong cash flow, paying $24 million in dividends and funding $14 million in capital expenditures, while reducing net debt, resulting in a net debt-to-EBITDA ratio of 1.4. Looking forward, capital expenditures for 2024 are projected to be between $50 million and $70 million.Increased Net Income
Net income for the third quarter of 2024 was $132 million, or $13.79 per share, compared to $111 million, or $11.60 per share, for the same period last year.
Petroleum Additives Operating Profit Growth
Petroleum additives operating profit for Q3 2024 was $157 million compared to $140 million for Q3 2023, mainly due to lower raw material and operating costs.
Successful Integration of AMPAC
The acquisition of AMPAC was completed on January 16, 2024, and specialty materials sales were $59 million for Q3 2024. The business integration is progressing well, as indicated by strong cash flows and strategic focus on long-term objectives.
Improved Debt Position
Net debt-to-EBITDA ratio was 1.4 as of September 30, 2024, slightly below the target operating range of 1.5 to 2, indicating a solid financial position.
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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 |
|---|---|---|---|
| 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% |
| Jan 31, 2024 | $547.92 | $583.10 | +6.42% |
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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