NewMarket Corp (NEU) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings. Welcome to the Newmarket Corporation conference call and webcast to review first quarter 2026 financial results. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Tim Fitzgerald, CFO at Newmarket. You may begin. Thank you. And thanks to everyone for joining me this afternoon. As a reminder, some of the statements made during this conference call may be forward-looking. Relevant factors that could cause actual results to differ materially from those forward-looking statements are contained in our earnings release and in our SEC filings, including our most recent Form 10-K. During this call, we will also discuss the non-GAAP financial measures included in our earnings release. The earnings release, which can be found on our website, includes a reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures. We filed our 10-Q for the first quarter of 2026 today, and it contains significantly more details on the operations and performance of our company. Today, I will be referring to the data that was included in last night's press release. Net income for the first quarter of 2026 was $118 million, or $12.62 per share, compared to net income of $126 million, or $13.26 per share, for the first quarter of 2025. Petroleum additive sales for the first quarter of 2026 were $610 million compared to $646 million for the same period in 2025. Petroleum additives operating profit for the first quarter of 2026 was $135 million compared to operating profit of $142 million in 2025. The decrease in operating profit was mainly du...