NewMarket Corp (NEU) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the New Market Corporation conference call and webcast to review second quarter 2025 financial results. At this time, all participants are on a listen-only mode. It is now my pleasure to turn the floor over to your host, Tim Fitzgerald. Sir, the floor is yours. Thank you, Matt, 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 non-GAAP financial measures to the comparable GAAP financial measures. We filed our 10Q for the second quarter of 2025 earlier 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 second quarter of 2025 was $111 million, or $11.84 per share, compared to net income of $112 million, or $11.63 per share for the second quarter of 2024. Net income for the first half of 2025 was a record $237 million or $25.11 per share compared to net income of $219 million or $22.87 per share for the first half of 2024. Petroleum additive sales for the second quarter of 2025 were $654 million compared to $670 million for the same period in 2024. Petroleum additives operating profit for the second quarter of 2025 was $140 million compared to $148 million for the second quarter of 2024. The dec...