Brief: Newmarket Corporation Reports First Quarter 2020 Results

NewMarket

22/04/2020 22:41

April 22 (Reuters) - NewMarket Corp  NEU.N :
    * ORATION REPORTS FIRST QUARTER 2020 RESULTS
    * Q1 EARNINGS PER SHARE $7.67
    * QTRLY EARNINGS PER SHARE $7.67
    * EXPECT TO SEE A SIZEABLE DECLINE IN SHIPMENTS IN Q2 OF
2020
    * EXPERIENCING WHAT WE BELIEVE WILL BE A SHORT-TERM DECREASE
IN
DEMAND FOR LUBRICANT AND FUEL ADDITIVES
    * QTRLY TOTAL REVENUE $559.4 MILLION VERSUS $536.6 MILLION
    * SALES FOR THE PETROLEUM ADDITIVES SEGMENT FOR Q1 2020 WERE
$557.4 MILLION, UP 4.6% COMPARED TO THE SAME PERIOD LAST YEAR
    * EXPECT ALL OUR GLOBAL OPERATIONS, MANUFACTURING PLANTS AND
RESEARCH AND DEVELOPMENT CENTERS WILL CONTINUE TO BE OPERATIONAL

Source text for Eikon:  ID:nBw54SVrKa 
Further company coverage:  NEU.N 

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