NewMarket Corporation: Integration of American Pacific Corporation and Performance Of Petroleum Additives 

NewMarket Corporation presented a robust performance in the second quarter of 2024, disclosing a net income of $112 million, translating to $11.63 per share, which reflects an improvement from $100 million or $10.36 per share in the same quarter the previous year. The company operates predominantly through its petroleum additives segment, which saw a slight decline in net sales from $684 million in the previous year to $670 million. However, the operating profit in this segment witnessed a rise, from $132 million to $148 million year-over-year, attributed to lower raw material costs and elevated shipment levels, although it faced a setback due to reduced selling prices.