NewMarket Corporation Struggles With Slipping Sales Despite Profit Surge – What’s Behind The Petroleum Additives Underperformance?

NewMarket Corporation has demonstrated notable financial performance in the fiscal year 2024, showing an increase in net income to $462 million or $48.22 per share, up from $389 million or $40.44 per share in the previous year. The fourth quarter alone saw net income rise from $80 million to $111 million. This growth can be attributed to various strategic decisions and operational efficiencies, although the company faced challenges related to sales and the broader inflationary environment.