NewMarket Corporation Q3 FY2025 earnings call

• Net income for third quarter 2025 was $100 million vs $132 million in 2024; first 9 months 2025 net income $337 million vs $352 million in 2024. - Petroleum Additives faced challenges like onetime charges, shipment decline, and R&D; still pleased with performance but challenged by inflation, tariffs, and market softness. - Expanded investment in Specialty Materials with acquisition of Calca Solutions, LLC; committed ~$1 billion to the segment since 2024. - Generated solid cash flows, returned $155 million to shareholders via repurchases and dividends, reduced net debt by $213 million, and raised quarterly dividend by 9%.

Petroleum Additives: Third quarter 2025 sales were $649 million, operating profit $131 million. First 9 months 2025 sales were $1.9 billion, operating profit $413 million. Specialty Materials: Third quarter 2025 sales were $38 million, operating profit $6 million. First 9 months 2025 sales were $134 million, operating profit $40 million. The decrease in Petroleum Additives operating profit was due to onetime charges, shipment decline, and R&D investments. Specialty Materials had lower volume and substantial quarterly variation.

• Anticipate continued strength in Petroleum Additives and Specialty Materials segments. - Committed to making decisions to promote long-term value for shareholders and customers while staying focused on long-term objectives.

• Ongoing inflationary environment. - Impact of tariffs. - Market softness impacting shipments.

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