Newmarket corporation (NEU)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenue:
Net sales

559,417

534,445

555,817

563,417

536,616

538,312

563,166

598,952

589,245

559,982

548,416

547,188

542,818

501,627

516,090

521,807

509,927

479,622

540,933

560,709

559,566

548,878

589,667

620,438

576,422

556,371

580,455

583,779

559,750

510,464

551,187

587,548

562,679

494,125

557,396

578,523

508,083

460,648

471,777

469,841

395,126

417,832

370,921

Cost of goods sold

378,510

391,005

393,090

392,584

383,747

396,474

422,283

453,093

432,462

414,754

389,539

383,717

374,007

355,796

338,689

343,407

334,377

326,317

366,162

391,001

378,294

391,350

424,448

439,692

414,492

404,733

416,632

414,351

391,343

374,461

390,918

423,939

392,075

379,302

411,133

429,659

366,051

332,537

334,766

336,574

273,628

274,865

259,508

Net sales - product

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

559,821

-

554,539

575,665

505,225

457,906

468,919

466,986

392,265

417,832

370,921

Rental revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,858

-

2,857

2,858

2,858

2,742

2,858

2,855

2,861

0

0

Costs:
Cost of rental

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,068

-

1,067

1,068

1,068

1,183

1,089

1,066

1,090

0

0

Total costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

393,143

-

412,200

430,727

367,119

333,720

335,855

337,640

274,718

274,865

259,508

Gross profit

180,907

143,440

162,727

170,833

152,869

141,838

140,883

145,859

156,783

145,228

158,877

163,471

168,811

145,831

177,401

178,400

175,550

153,305

174,771

169,708

181,272

157,528

165,219

180,746

161,930

151,638

163,823

169,428

168,407

137,071

160,269

163,609

169,536

118,026

145,196

147,796

140,964

126,928

135,922

132,201

120,408

142,967

111,413

Selling, general, and administrative expenses

35,715

38,167

38,122

35,021

36,773

31,747

37,741

41,999

40,913

44,196

43,633

39,373

40,449

41,459

38,848

40,388

40,940

43,320

38,298

40,655

41,809

41,683

41,376

40,913

39,548

43,130

40,886

39,921

40,941

39,505

37,095

40,699

36,908

39,781

36,075

37,319

38,424

34,489

35,711

36,193

30,574

27,618

29,256

Research, development, and testing expenses

35,506

37,717

36,387

37,137

33,224

34,271

34,994

36,729

34,295

34,308

36,545

37,019

38,130

44,137

36,715

40,720

39,216

39,602

38,849

40,118

39,685

35,810

35,799

35,367

32,207

33,258

35,865

36,429

31,021

31,276

30,208

28,466

27,895

28,768

26,888

25,379

24,461

25,322

22,719

22,064

21,083

21,602

21,092

Gain on legal settlement, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,656

-

-

-

0

-

-

-

-

Operating profit

109,686

67,556

88,218

98,675

82,872

75,820

68,148

67,131

81,575

66,724

78,699

87,079

90,232

60,235

101,838

97,292

95,394

70,383

97,624

88,935

99,778

80,035

88,044

104,466

90,175

75,250

87,072

93,078

96,445

66,290

92,966

94,444

104,733

49,477

120,889

85,098

78,079

67,117

77,492

73,944

68,751

93,747

61,065

Interest and financing expenses, net

7,104

6,501

6,987

7,741

8,012

8,187

7,807

5,565

5,164

5,360

5,564

5,360

5,572

4,323

4,320

3,954

4,188

3,716

3,538

3,582

3,816

3,889

4,168

4,346

4,164

4,182

4,259

4,573

4,782

855

1,304

1,794

4,482

16

4,797

4,693

4,645

4,533

4,465

4,314

3,949

2,909

2,859

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-5,871

-3,221

0

0

0

0

-

-

-

-

-

-

Other income (expense), net

7,496

5,578

6,227

5,757

5,948

3,462

7,973

7,999

4,900

3,578

3,842

3,571

3,573

8,062

698

-1,266

-2,260

945

-3,400

1,683

-2,325

-3,020

385

-2,203

-2,216

1,754

-613

5,374

747

402

81

-5,594

1,773

-1,169

-12,825

-3,987

-67

6,927

-5,453

-9,210

-2,311

-3,804

-11,850

Income before income tax expense

110,078

66,633

87,458

96,691

80,808

71,095

68,314

69,565

81,311

64,942

76,977

85,290

88,233

63,974

98,216

92,072

88,946

67,612

90,686

87,036

93,637

73,126

84,261

97,917

83,795

72,822

82,200

93,879

92,410

65,837

91,743

81,185

98,803

48,292

103,267

76,418

73,367

69,511

67,574

60,420

62,491

87,034

46,356

Income tax expense

24,537

16,531

19,653

22,517

18,603

8,292

9,833

16,680

20,746

60,870

17,205

22,562

24,296

18,302

26,767

27,683

27,015

13,698

28,677

28,303

29,690

21,071

27,348

31,153

26,272

18,821

25,179

29,495

25,469

13,998

27,920

26,122

32,256

16,044

31,906

24,159

23,778

20,099

21,855

20,564

20,353

30,347

15,698

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,001

57,021

64,384

66,941

-

63,823

55,063

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations:
Gain on sale of discontinued business, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,855

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Income from operations of discontinued business, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

20

-374

894

-

892

205

-

-

-

-

-

-

-

-

-

-

-

Net income

85,541

50,102

67,805

74,174

62,205

62,803

58,481

52,885

60,565

4,072

59,772

62,728

63,937

45,672

71,449

64,389

61,931

53,914

62,009

58,733

63,947

52,055

56,913

66,764

57,523

54,001

78,896

64,010

67,835

53,063

64,715

55,268

66,547

33,698

71,361

52,259

49,589

49,412

45,719

39,856

42,138

56,687

30,658

Earnings per share - basic and diluted
Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4.08

4.29

4.84

5.00

-

4.76

4.11

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

1.65

-0.03

0.07

-

0.07

0.01

-

-

-

-

-

-

-

-

-

-

-

Earnings per share - basic and diluted (in dollars per share)

7.67

4.47

6.06

6.63

5.57

5.55

5.12

4.53

5.14

0.36

5.04

5.29

5.39

3.86

6.03

5.43

5.22

4.51

5.08

4.72

5.14

4.18

4.53

5.24

4.43

4.08

5.94

4.81

5.07

3.94

4.83

4.12

4.96

-

-

-

-

-

-

-

-

-

-

Shares used to compute basic earnings per share (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,680

13,852

13,890

-

14,353

14,796

15,118

15

15,204

Shares used to compute diluted earnings per share (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,680

13,856

13,906

-

14,383

14,828

15,154

15

15,242

Cash dividends declared per share (in dollars per share)

1.90

-

1.90

1.75

1.75

-

1.75

1.75

1.75

-

1.75

1.75

1.75

-

1.60

1.60

1.60

-

1.40

1.40

1.40

-

1.10

1.10

1.10

-

0.90

0.90

0.90

-

0.75

0.75

0.75

-

0.60

0.60

0.44

-

0.37

0.37

0.37

0.25

0.25

Basic earnings per share:
Net income (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2.54

5.22

3.77

3.57

3.45

3.19

2.69

2.79

3.73

2.02

Diluted earnings per share:
Net income (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2.53

5.22

3.77

3.57

3.44

3.18

2.69

2.78

3.72

2.01