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NewMarket reported third-quarter revenue of $716.5 million, up from $690.3 million a year earlier. Diluted earnings per share rose to $13.55 from $10.67.
The filing attributed the increase in petroleum additives sales to higher selling prices, mostly offset by lower shipments. It said shipments fell amid broad market softness, particularly in lubricant additives, while prices included surcharges responding to supply-chain disruption in the Middle East. Higher raw material costs and lower sales volumes reduced the segment’s operating profit, partly offset by higher prices.
NewMarket said specialty materials sales increased because of a favorable product mix and the inclusion of Calca after its acquisition. The segment reported operating profit of $16.4 million. The filing also attributed a lower effective tax rate primarily to changes in prior-year tax estimates and lower taxes on foreign earnings.
NewMarket’s gross margin rose to 31.0% from 30.4%, while operating margin increased to 20.0% from 18.9%. Free cash flow fell to $31.8 million from $122.1 million.
| Q3 FY2026 | Q3 FY2025 | Change | |
|---|---|---|---|
| Revenue | $716.5 million | $690.3 million | 3.79% |
| Diluted EPS | $13.55 | $10.67 | 27.0% |
| Gross margin | 31.0% | 30.4% | 0.7 percentage points |
| Operating margin | 20.0% | 18.9% | 1.0 percentage point |
| Free cash flow | $31.8 million | $122.1 million | −73.9% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $3.86 | $3.87 | In line |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
The latest earnings call is not available, so management’s call commentary and analysts’ questions cannot be reported.
Guidance
Management’s guidance is not available for this quarter, so there is no basis to compare its current outlook with a previous guide or identify changes.