Earnings Call Summary | NewMarket(NEU.US) Q1 2024 Earnings Conference
Earnings Call Summary | NewMarket(NEU.US) Q1 2024 Earnings Conference
The following is a summary of the NewMarket Corporation (NEU) Q1 2024 Earnings Call Transcript:
以下是紐馬克特公司（NEU）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
NewMarket Corporation reported a net income of $108 million or $11.23 per share for Q1 2024, an increase from the Q1 2023 net income of $98 million or $10.09 per share.
Despite a decrease in petroleum additives sales from $700 million in Q1 2023 to $677 million in Q1 2024, the company increased the operating profit for this segment to $151 million from $132 million in the same period of the previous year due to reduced raw material and operating costs.
The company's net debt to EBITDA ratio was reported at 1.9, within its target range of 1.5 to 2.0.
紐馬克特公司報告稱，2024年第一季度的淨收入爲1.08億美元，合每股收益11.23美元，較2023年第一季度的9,800萬美元或每股10.09美元的淨收入有所增加。
儘管石油添加劑的銷售額從2023年第一季度的7億美元下降到2024年第一季度的6.77億美元，但由於原材料和運營成本降低，該公司將該細分市場的營業利潤從去年同期的1.32億美元增加至1.51億美元。
該公司的淨負債與息稅折舊攤銷前利潤的比率爲1.9，在1.5至2.0的目標範圍內。
Business Progress:
業務進展：
Increased shipments were observed in both lubricant and fuel additive units across almost all regions, with exceptions of Latin America and North America.
NewMarket announced the acquisition of American Pacific Corporation in early 2024. The financial results from the AMPAC operations are now included under the company's specialty materials segment.
An 11% increase in quarterly dividend rate was approved by the Board in February 2024, signaling positive outlook and reward for shareholders.
除拉丁美洲和北美外，幾乎所有地區的潤滑油和燃料添加劑部門的出貨量均有所增加。
紐馬克特於2024年初宣佈收購美國太平洋公司。AMPAC業務的財務業績現已納入該公司的特種材料板塊。
2024年2月，董事會批准將季度股息率提高11％，這表明股東前景樂觀，回報良好。
More details: NewMarket IR
更多詳情： NewMarket IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。