NewMarket Q2 revenue, profit rise on surcharges from higher supply-chain costs amid disruptions in the Middle East

Overview

• US petroleum additives and specialty materials firm's Q2 revenue and net income rose yr/yr

• Q2 EPS increased to $14.54 from $11.84 a year earlier

• Petroleum additives profit rose due to surcharges addressing higher supply chain costs

Outlook

• Company expects ongoing variation in specialty materials segment results due to business nature

• NewMarket expects additional specialty materials capacity to come online toward end of 2026

• Company says petroleum additives surcharges and operational actions remain in place, will adjust as markets evolve

Result Drivers

• SURCHARGES AND COST RECOVERY - Petroleum additives profit increased due to surcharges implemented in response to higher supply chain costs, particularly from disruptions in the Middle East

• OPERATIONAL EFFICIENCY - Company said continued focus on operational efficiency contributed to improved operating profit

• SPECIALTY MATERIALS SEGMENT EXPANSION - Higher sales and profit in specialty materials segment, partially reflecting inclusion of Calca acquisition results

Company press release: ID:nBwbwgVrXa

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)