This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NewMarket Corporation Reports Record Results For The Year 2012

Petroleum additives operations had a record performance for the year 2012 with operating profit of $372.0 million, an improvement of 20 percent over last year’s operating profit of $309.6 million excluding the 2011 gain on the legal settlement. Sales of petroleum additives for the year increased to $2.2 billion, an increase of 3 percent over sales last year of $2.1 billion while shipments were down almost 2 percent. Petroleum additives operating profit for the fourth quarter of 2012 was $71.6 million, an improvement of 21 percent over fourth quarter operating profit last year of $59.3 million. Sales for the fourth quarter of 2012 increased 2 percent to $511.2 million, compared to sales for the same period last year of $499.0 million and included the benefit of 4 percent higher shipments. Our petroleum additives business continues to deliver excellent results. We believe the fundamentals of how we run the business – a safety-first culture, customer-focused solutions, technology driven product offerings, world-class supply chain and regional organizational structure to better serve our customers’ needs – are the core to this success. We continue to increase our investment in research and development and regional presence as evidence of our commitment to our customers.

These operational results continue to generate strong cash flows. During the year 2012, we paid dividends of $375.7 million (including special dividend of $335.4 million), funded capital expenditures of $38.8 million and increased cash $38.8 million while only increasing debt by $185.2 million.

This special year in which we celebrated the 125 th anniversary of our Company was another year of growth and success. The excellent results reflect the outstanding performance and dedication of NewMarket employees around the world and the confidence our customers have entrusted in us. Our strong financial position enhances our capability for future growth and improving shareholder value.


2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs