NEWMARKET CORP
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
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Segment Information
- Segment Information
The tables below show our consolidated segment results. The “All other” category includes the operations of the antiknock compounds business, as well as certain contracted manufacturing and related services associated with Ethyl Corporation (Ethyl).
Net Sales by Segment
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Petroleum additives | ||
| Lubricant additives | $571,915 | $602,574 |
| Fuel additives | 105,349 | 97,417 |
| Total | 677,264 | 699,991 |
| Specialty materials | 17,047 | 0 |
| All other | 2,425 | 2,798 |
| Net sales | $696,736 | $702,789 |
Segment Operating Profit
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Petroleum additives | $150,909 | $132,068 |
| Specialty materials | (4,967) | 0 |
| All other | (81) | (975) |
| Segment operating profit | 145,861 | 131,093 |
| Corporate, general, and administrative expenses | (5,557) | (6,491) |
| Interest and financing expenses, net | (15,654) | (10,773) |
| Other income (expense), net | 13,043 | 11,319 |
| Income before income tax expense | $137,693 | $125,148 |
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