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NewMarket (NEU)

NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated additive packages to market-general additives, the NewMarket family of companies provides the world with the technology to make engines run smoother, machines last longer, and fuels burn cleaner.

Company profile

Ticker
NEU
Exchange
CEO
Thomas Gottwald
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
207 Grande, LLC • Afton Argentina Services, SRL • Aditivos Mexicanos S.A. de C.V. • Afton Chemical Additives Corporation • Afton Chemical Asia Pacific LLC • Afton Chemical Asia Pte. Ltd. • Afton Chemical (Beijing) Co. Ltd. • Afton Chemical Canada Corporation • Afton Chemical Canada Holdings, Inc. • Afton Chemical CH Holdings ...

NEU stock data

Calendar

3 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 79.49M 79.49M 79.49M 79.49M 79.49M 79.49M
Cash burn (monthly) 1.69M 6.2M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 5.16M 18.96M n/a n/a n/a n/a
Cash remaining 74.33M 60.53M n/a n/a n/a n/a
Runway (months of cash) 44.1 9.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 Gambill Mark M Common Stock Grant Acquire A No No 0 299 0 3,432
1 Jul 22 Harris H Hiter III Common Stock Grant Acquire A No No 0 299 0 1,522
1 Jul 22 Hanley Patrick D Common Stock Grant Acquire A No No 0 299 0 5,009
1 Jul 22 Ting Xu Common Stock Grant Acquire A No No 0 299 0 299
1 Jul 22 Rogers James E Common Stock Grant Acquire A No No 0 299 0 3,598
20.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 216 235 -8.1%
Opened positions 13 22 -40.9%
Closed positions 32 33 -3.0%
Increased positions 55 66 -16.7%
Reduced positions 87 91 -4.4%
13F shares Current Prev Q Change
Total value 2.09B 2.03B +2.9%
Total shares 6.7M 6.12M +9.5%
Total puts 4.7K 3.9K +20.5%
Total calls 45.7K 9.8K +366.3%
Total put/call ratio 0.1 0.4 -74.2%
Largest owners Shares Value Change
BAC Bank Of America 996.55K $299.92M +22.8%
Vanguard 711.59K $214.16M -1.4%
London Co Of Virginia 698.8K $210.31M -1.8%
BLK Blackrock 580.65K $174.75M -2.7%
Floyd D. Gottwald, Jr. Living Trust 516.39K $171.44M NEW
Managed Account Advisors 508.29K $209.46M 0.0%
Allspring Global Investments 346.61K $104.31M -0.0%
First Trust Advisors 333.39K $100.34M +15.4%
STT State Street 193.79K $58.74M -5.1%
DAVENPORT & Co 138.48K $41.68M +5.2%
Largest transactions Shares Bought/sold Change
Floyd D. Gottwald, Jr. Living Trust 516.39K +516.39K NEW
BAC Bank Of America 996.55K +185.33K +22.8%
First Trust Advisors 333.39K +44.45K +15.4%
Parametric Portfolio Associates 0 -20.41K EXIT
Eaton Vance Management 3.92K -18.54K -82.5%
TCWP 17.82K +17.82K NEW
BLK Blackrock 580.65K -16.06K -2.7%
Aqr Capital Management 55.84K -14.42K -20.5%
MS Morgan Stanley 24.85K +13.31K +115.3%
London Co Of Virginia 698.8K -12.88K -1.8%

Financial report summary

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Management Discussion
  • The regions in which we operate include North America, Latin America, Asia Pacific, and the EMEAI region. While there is some fluctuation, the percentage of net sales generated in the regions remained fairly consistent when comparing the six months of 2022 with the same period in 2021, as well as with the full year in 2021.
  • Petroleum additives net sales for the second quarter of 2022 were $721.0 million compared to $586.6 for the second quarter of 2021, an increase of 22.9%. Petroleum additives net sales for the first six months of 2022 were $1.4 billion compared to $1.2 billion for the first six months of 2021, an increase of 20.0%. For both the second quarter and six months comparative periods, the increases were across all regions. For both comparative periods, North America represented around 50% of the increase and EMEAI represented about 25%. For the second quarter comparison, Asia Pacific represented about 15% of the increase and Latin America contributed around 10%. For the six months comparative periods, Latin America represented approximately 15% of the increase and Asia Pacific contributed around 10%.
  • When comparing both the second quarter and the first six months periods of 2022 and 2021, higher selling prices was the predominant factor in the increase in petroleum additives net sales. Higher lubricant additives shipments, partially offset by lower fuel additive shipments, also had a favorable impact on petroleum additives net sales, but to a much lesser extent than

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: factor, July, predominant
Removed: accounted, actively, attributable, benchmark, fully, guaranteed, invested, observable, PRP, publicly, settlement, subsequently, traded, unconditionally