Blazing Star Merger Sub completes Walgreens debt tender offer
NewMarket Corp (NYSE:NEU) stock has reached an all-time high, touching 672.27 USD. According to InvestingPro data, the company maintains excellent financial health with an overall score of 3.41/5, supported by strong profitability metrics and robust cash flows. This milestone reflects a significant upward trajectory for the company, with its stock experiencing a notable 1-year change of 28.37%. The rise to this all-time high underscores investor confidence and the company’s robust performance in the market, complemented by a healthy 1.69% dividend yield and 10% dividend growth over the last twelve months. As NewMarket Corp continues to expand its footprint and deliver strong financial results, it remains a key player to watch in its industry. The company’s management has been actively buying back shares, and with 13 additional InvestingPro Tips available, investors can gain deeper insights into NewMarket’s comprehensive financial picture through the Pro Research Report.
In other recent news, NewMarket Corporation reported impressive financial results for the first quarter of 2025, with earnings per share reaching $13.26, surpassing market expectations. The company’s revenue stood at $700.95 million, demonstrating strong financial health. Additionally, NewMarket announced a $100 million investment to expand the ammonium perchlorate production capabilities of its subsidiary, American Pacific Corporation (AMPAC), to meet the growing demand for solid rocket motors. This expansion is expected to increase production capacity by over 50% by 2026. The company also declared a quarterly dividend of $2.75 per share, payable on July 1, 2025. Furthermore, specialty materials sales saw a notable year-over-year increase, contributing to the overall positive performance. However, petroleum additive sales experienced a decline during the same period. Despite this, NewMarket’s net income rose to $126 million, a 16.7% increase from the previous year. The company continues to focus on strategic investments and operational efficiency to sustain growth.
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