NewMarket reported second-quarter 2026 net income of $133.8 million, or $14.54 per share, and first-half net income of $251.8 million, or $27.14 per share. Total net sales for Q2 were $747.1 million and $1.417 billion for the six months ended June 30, 2026. The company cited stronger petroleum additives operating profit driven by surcharges and operational efficiency and continued specialty materials capacity investments.

Financial Highlights

  • Net sales: $747.1 million for Q2 2026; $1,416.8 million for six months ended June 30, 2026.
  • Gross profit: $242.4 million for Q2 2026 (as reported in consolidated statements of income).
  • Operating profit: $163.7 million for Q2 2026; $306.9 million for the six-month period.
  • Net income: $133.8 million for Q2 2026; $251.8 million for the six months ended June 30, 2026.
  • Earnings per share (basic and diluted): $14.54 for Q2 2026; $27.14 for the six-month period.

Business Highlights

  • Petroleum additives: Q2 sales of $675.6 million and operating profit of $149.4 million; company implemented surcharges to offset higher raw material, utility, and logistics costs tied to Middle East supply disruptions.
  • Specialty materials: Q2 sales rose to $67.2 million with operating profit of $22.3 million; first-half sales were $125.3 million with operating profit of $34.8 million, reflecting inclusion of Calca results following its October 1, 2025 acquisition.
  • Capacity investments: Expanding production capacity for ammonium perchlorates and high-purity hydrazine to support domestic aerospace and defense supply; additional capacity expected online toward the end of 2026.
  • Cash and capital allocation: Strong operating cash flow funded $51.7 million of capital expenditures, $55.6 million of dividends, and share repurchases of $126.4 million (over 200,000 shares), while reducing Net Debt to EBITDA to 1.0x.

Original SEC Filing:

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