NewMarket (NYSE: NEU ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), NewMarket missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share was unchanged. GAAP earnings per share expanded slightly.
Gross margins grew, operating margins dropped, net margins increased.
NewMarket reported revenue of $562.6 million. The three analysts polled by S&P Capital IQ expected sales of $574.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $5.04. The five earnings estimates compiled by S&P Capital IQ predicted $4.82 per share. Non-GAAP EPS of $5.04 for Q1 were 0.2% higher than the prior-year quarter's $5.03 per share. GAAP EPS of $5.07 for Q1 were 2.2% higher than the prior-year quarter's $4.96 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.3%, 20 basis points better than the prior-year quarter. Operating margin was 17.5%, 110 basis points worse than the prior-year quarter. Net margin was 12.1%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $639.6 million. On the bottom line, the average EPS estimate is $5.09.
Next year's average estimate for revenue is $2.35 billion. The average EPS estimate is $18.53.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 257 members out of 266 rating the stock outperform, and nine members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give NewMarket a green thumbs-up, and three give it a red thumbs-down.
Looking for alternatives to NewMarket? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add NewMarket to My Watchlist.