NewMarket Corporation (NYSE:NEU) Q1 2025 Earnings Conference Call April 24, 2025 3:00 PM ET
Company Participants
Timothy Fitzgerald – Vice President & Chief Financial Officer
Conference Call Participants
Operator
Greetings and welcome to today’s NewMarket Corporation Scheduled Conference Call and Webcast to review First Quarter 2025 Financial Results. At this time, all participants are on a listen-only mode. [Operator Instructions] Please note, this conference is being recorded.
I will now turn the conference over to your host, Mr. Tim Fitzgerald. Sir, the floor is yours.
Timothy Fitzgerald
Thank you, Ali [ph] and thanks, everyone, for joining me this afternoon. As a reminder, some of the statements made during this conference call may be forward-looking. Relevant factors that could cause actual results to differ materially from those forward-looking statements are contained in our earnings release and in our SEC filings, including our most recent Form 10-K. During this call, we will also discuss the non-GAAP financial measures included in our earnings release. The earnings release which can be found on our website, includes a reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures. We filed our 10-Q for the first quarter of 2025 yesterday and it contains significantly more details on the operations and performance of our company.
Today, I will be referring to the data that was included in last night’s press release. Net income for the first quarter of 2025 was $126 million, or $13.26 per share compared to net income of $108 million or $11.23 per share for the first quarter of 2024. Petroleum additives sales for the first quarter of 2025 were $646 million compared to $677 million for the same period in 2024. Petroleum additives operating profit for the first quarter of 2025 was $142 million compared to a record first quarter operating profit of $151 million in 2024. The decrease in operating profit was mainly due
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