NewMarket Corp (NEU) Q3 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 third quarter 2025 financial results. At this time, all participants are placed on a listen-only mode. It is now my pleasure to turn the floor over to your host, Tim Fitzgerald, Vice President and CFO. Sir, the floor is yours. Thank you, Matthew, 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 third 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 third quarter of 2025 was $100 million, or $10.67 per share, compared to net income of $132 million, or $13.79 per share, for the third quarter of 2024. Net income for the first nine months of 2025 was $337 million or $35.78 per share compared to net income of $352 million or $36.66 per share for the first nine months of 2024. Petroleum additive sales for the third quarter of 2025 were $649 million compared to $663 million for the same period in 2024. Petroleum additive operating profit for the third quarter of 2025 was $131 million compared to $157 million f...