NewMarket Corp (NEU) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings. Welcome to the Newmarket Corporation conference call and webcast to review a fourth quarter and full year 2025 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 closest comparable GAAP financial measures. Today, I will be referring to the data that was included in last night's press release. However, our 2025 10-K contains significantly more details on the operations and performance of our company. Pre-tax income for the fourth quarter of 2025 was $113 million compared to $134 million for the fourth quarter of 2024. For the full year, pre-tax income was $561 million in 2025, compared to $584 million for 2024, a decline of only 4%. While we don't normally call out pre-tax income, it's notable now due to the significantly higher income taxes booked throughout the year, impacting our net income and EPS. Net income for the fourth quarter of 2025 was $81 million or $8.65 per share compared t...