NewMarket
Makes petroleum-performance additives and expands into specialty materials for space-launch and defense applications.
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Profile
Sells petroleum-performance additives through Afton Chemical and Ethyl, then added specialty materials through AMPAC and Calca. The core additives business has a global footprint, while AMPAC provides materials for solid rocket motors used in space-launch and military-defense applications.
Petroleum additives are the core business, conducted through Afton Chemical and Ethyl. The global segment includes petroleum-performance additives and antiknock operations; past additives acquisitions broadened its research, testing, product lines, and manufacturing-support footprint. Current market softness and global economic uncertainty affect the business.
Specialty materials broaden the portfolio through AMPAC and Calca. AMPAC supplies performance additives for solid rocket motors used in space launch and military defense, as well as Halotron BrX fire-extinguishing agent; Calca is managed separately. Recent capacity expansion and supply-chain strengthening shape the newer business alongside petroleum additives.
Company facts
Key statistics
Year to date +32.8% · Average volume (30d) 128.2K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | — | $14.54 | — | — | $747.1M | — | +10.08% |
| Apr 22, 2026Q1 FY26 | — | $12.62 | — | — | $669.7M | — | +6.46% |
| Feb 11, 2026Q4 FY25 | — | $8.65 | — | — | $635.4M | — | −14.42% |
| Oct 30, 2025Q3 FY25 | — | $10.67 | — | — | $690.3M | — | +2.67% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $700.9M | $698.5M | $690.3M | $635.4M | $669.7M | $747.1M | |
| Gross profit | $236.0M | $221.0M | $209.6M | $190.8M | $220.9M | $242.4M | |
| Operating income | $159.9M | $143.2M | $130.7M | $110.0M | $143.2M | $163.7M | |
| Net income | $125.9M | $111.2M | $100.3M | $81.3M | $118.1M | $133.8M | |
| Diluted EPS | $13.26 | $11.84 | $10.67 | $8.62 | $12.56 | $14.54 | |
| Gross margin | 33.7% | 31.6% | 30.4% | 30.0% | 33.0% | 32.4% | |
| Operating margin | 22.8% | 20.5% | 18.9% | 17.3% | 21.4% | 21.9% |
Fiscal years (4-quarter sums)FY21 $2.36B · FY22 $2.76B · FY23 $2.70B · FY24 $2.79B · FY25 $2.73B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $93.6M · Total debt $939.9M · Total assets $3.62B · Shareholders' equity $1.84B
Dividends
Raised for 19 straight years — most recently to $3.00 from $2.75 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jul 1 | $3.00 | |
| Mar 16, 2026 | Mar 16 | Apr 1 | $3.00 | |
| Dec 15, 2025 | Dec 15 | Jan 2 | $3.00 | raised from $2.75 |
| Sep 15, 2025 | Sep 15 | Oct 1 | $2.75 | |
| Jun 16, 2025 | Jun 16 | Jul 1 | $2.75 | |
| Mar 17, 2025 | Mar 17 | Apr 1 | $2.75 | raised from $2.50 |
| Dec 16, 2024 | Dec 16 | Jan 2 | $2.50 | |
| Sep 16, 2024 | Sep 16 | Oct 1 | $2.50 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 9.20M · Float 7.61M · 82.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 703.1K | 7.65% | 13F | Aug 7, 2026 |
| London Co of Virginia | 488.5K | 5.31% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 416.1K | 4.52% | 13F | Aug 13, 2026 |
| Gottwald Bruce C · 10 percent owner | 361.8K | 3.93% | Form 4 | Feb 20, 2026 |
| Vanguard Capital Management LLC | 348.8K | 3.79% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 24, 2026 | Ting Xu | director | +400 | $619.21 |
Peers
- Chevron
Chevron Oronite overlaps in lubricant and fuel additives
- Innospec
Fuel-additive overlap in gasoline, diesel, and refinery markets
