NewMarket Corporation Reports Fourth Quarter and Full Year 2019 Results

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Newmarket (NEU) Misses Q4 EPS by 68c, Revenues Miss

February 3, 2020 5:06 PM EST

Newmarket (NYSE: NEU) reported Q4 EPS of $4.48, $0.68 worse than the analyst estimate of $5.16. Revenue for the quarter came in at $534.45 million versus the consensus estimate of $540 million.

Profit before income taxes for 2019 was $331.6 million compared to $290.3 million for 2018. Net income for 2019 was $254.3 million, or $22.73 per share compared to net income of $234.7 million, or $20.34 per share, for 2018. Profit before income taxes for the fourth quarter of 2019 was $66.6 million compared to $71.1 million in 2018. Net income for the fourth quarter of 2019 was $50.1 million, or $4.48 per share compared to net income of $62.8 million, or $5.58 per... More