NewMarket Shocks Wall Street With Bold Specialty Materials Bet — Is a Massive Growth Wave Coming?

NewMarket Corporation released its financial results for the third quarter of 2025, showing both strengths and weaknesses across its operational landscape. Let’s dissect the key elements of the results to understand the investment thesis for the company. In the third quarter, NewMarket reported a net income of $100 million, equating to $10.67 per share. This represents a decline from the $132 million, or $13.79 per share, achieved in the same period in 2024. Net income for the first nine months of 2025 was $337 million, compared to $352 million in the same timeframe the previous year. The dip in net income was attributable to decreased operating profits in its core Petroleum Additives segment, impacted by one-time charges linked to optimizing their global manufacturing network. This optimization aims to enhance delivery efficiency in the future but temporarily constrained operating profits, alongside a 4.