The company expects ongoing variation in specialty materials segment results due to the nature of the business.
NewMarket expects additional specialty materials capacity to come online toward the end of 2026.
The company said petroleum additives surcharges and operational actions remain in place, and will be adjusted as markets evolve.
Key figures
Metric
Actual
Q2 Sales
$747.09 mln
Q2 EPS
$14.54
Q2 Net Income
$133.75 mln
Quarterly results
US petroleum additives and specialty materials firm's Q2 revenue and net income rose year over year.
Q2 EPS increased to $14.54 from $11.84 a year earlier.
Petroleum additives profit rose due to surcharges addressing higher supply-chain costs.
What drove the results
Surcharges and cost recovery - Petroleum additives profit increased due to surcharges implemented in response to higher supply-chain costs, particularly from disruptions in the Middle East.
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