NewMarket Corp stock hits 52-week high at $597.92

In a notable performance, NewMarket Corporation (NEU) stock has reached a 52-week high, trading at $597.92. With a market capitalization of $5.6 billion and an attractive P/E ratio of 11.4, the specialty chemicals company has earned an overall "GREAT" financial health score according to InvestingPro analysis. This peak reflects a robust year for the specialty chemicals company, which has seen its stock value increase by 7.95% over the past year. Investors have shown growing confidence in NewMarket’s market position and financial health, as evidenced by the stock’s impressive climb to this high point. The company maintains a solid 1.91% dividend yield and has raised its dividend for six consecutive years - one of several bullish indicators available on InvestingPro, which offers additional insights through its comprehensive Pro Research Report. The company’s strategic initiatives and strong product demand are likely contributing factors to the stock’s ascent, signaling a positive outlook among shareholders for NewMarket’s future prospects. Based on InvestingPro’s Fair Value analysis, the stock is currently trading near its fair value, with a strong free cash flow yield supporting its valuation.

In other recent news, NewMarket Corporation reported first-quarter earnings that exceeded analyst expectations, although the company experienced a decline in revenue compared to the previous year. The company announced adjusted earnings per share of $13.26, surpassing forecasts, but revenue fell to $700.95 million, marking a 3.5% decrease from the same quarter last year. Sales in the petroleum additives segment, which is a major part of NewMarket’s business, decreased to $645.6 million due to a 7.2% drop in shipments. Despite the decrease in shipments, the company maintained a strong operating profit margin in this segment, with an operating profit of $142.1 million. In contrast, the specialty materials segment saw substantial growth, with sales increasing to $53.7 million and an operating profit of $23.2 million, compared to a loss in the prior year. NewMarket’s CEO, Thomas E. Gottwald, expressed satisfaction with the company’s performance and highlighted ongoing efficiency initiatives. Additionally, the company repurchased $57.1 million worth of stock and paid $26.1 million in dividends during the quarter. NewMarket also reduced its net debt by $21.5 million, lowering its net debt to EBITDA ratio to 1.1 as of March 31, 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.