NewMarket Q1 net income falls on shipment decline

NewMarket

22/04/2026 22:14

Overview

US petroleum additives maker's Q1 net income and sales declined yr/yr

Petroleum additives profit fell on lower shipments and reduced low-margin business

Company repurchased $125.6 mln in stock during Q1

Outlook

Company expects continued solid results, citing positive shipment trends at end of Q1 2026

NewMarket expects expanded specialty materials capacity to come online toward end of 2026

Company continues to monitor Middle East conflict, macroeconomic uncertainty, and trade/tariff changes

Result Drivers

SHIPMENT DECLINE - Petroleum additives operating profit fell due to a 7% drop in shipments, driven by market softness and reduced low-margin business

SEGMENT MIX - Lubricant additives shipments declined, partially offset by higher fuel additives shipments

SPECIALTY MATERIALS MIX - Specialty materials operating profit fell due to a shift in product shipment mix at AMPAC, despite higher sales from the Calca acquisition

Company press release: ID:nBw8vmWNJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$669.72 mln
Q1 Net Income
$118.07 mln


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(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.)