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NewMarket Q3 net income rises 24% on lower tax rates, surcharges 

By Reuters News


Overview

  • US chemical additives maker's Q3 net income and EPS rose yr/yr on higher operating profit

  • Q3 revenue rose slightly as petroleum additives sales were nearly flat yr/yr

  • Company funded $126 mln in share buybacks, $88 mln in capex, and raised dividend


Outlook

  • Company expects ongoing variation in specialty materials results due to business nature

  • Specialty materials capacity expansion projects expected to complete by end of 2026

  • Company continues to monitor Middle East conflict, macroeconomic uncertainty, and trade relations


Result Drivers

  • REDUCED TAX RATE - Co said a lower effective tax rate contributed to higher net income in Q3

  • SURCHARGES OFFSET COSTS - Co said surcharges helped offset higher raw materials, utility, and logistics costs in petroleum additives segment

  • SPECIALTY MATERIALS GROWTH - Co said specialty materials sales and profit rose due to shift in product shipment mix and inclusion of Calca Solutions acquisition


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

$716.50 mln

Q3 Net Income

$124.11 mln


Reuters Recommended Reads

  • Oct 28 - LSB Industries Q3 net sales rise on industrial demand

  • Oct 28 - Food and household brands warn of more price hikes as Iran war costs bite

  • Oct 28 - Carlisle Companies Q3 revenue rises, beats estimates on CCM growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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