Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1282637/000128263714000003/neu-20131231x10k.htm
SEC Filings
NEU Annual Reports
NEU Quarterly Reports
10-Q Quarterly Report April 2024
10-Q Quarterly Report October 2023
10-Q Quarterly Report July 2023
10-Q Quarterly Report April 2023
10-Q Quarterly Report October 2022
10-Q Quarterly Report August 2022
10-Q Quarterly Report April 2022
10-Q Quarterly Report October 2021
10-Q Quarterly Report July 2021
10-Q Quarterly Report April 2021
10-Q Quarterly Report April 2024
10-Q Quarterly Report October 2023
10-Q Quarterly Report July 2023
10-Q Quarterly Report April 2023
10-Q Quarterly Report October 2022
10-Q Quarterly Report August 2022
10-Q Quarterly Report April 2022
10-Q Quarterly Report October 2021
10-Q Quarterly Report July 2021
10-Q Quarterly Report April 2021
NEU Corporate News
Financial Exhibit
Other Events
Vote of Security Holders April 2024
Earnings Release
Financial Exhibit April 2024
Financial Exhibit
Other Events February 2024
Earnings Release
Financial Exhibit January 2024
Ending Agreement
Financial Exhibit
New Agreement
New Financial Obligation January 2024
Change in Assets
Financial Exhibit
New Financial Obligation January 2024
Financial Exhibit
New Agreement
Other Events December 2023
Financial Exhibit
Other Events October 2023
Event for Officers
Financial Exhibit October 2023
Earnings Release
Financial Exhibit October 2023
Financial Exhibit
Other Events
Vote of Security Holders
Other Events
Vote of Security Holders
April 2024
Earnings Release
Financial Exhibit
Financial Exhibit
April 2024
Financial Exhibit
Other Events
Other Events
February 2024
Earnings Release
Financial Exhibit
Financial Exhibit
January 2024
Ending Agreement
Financial Exhibit
New Agreement
New Financial Obligation
Financial Exhibit
New Agreement
New Financial Obligation
January 2024
Change in Assets
Financial Exhibit
New Financial Obligation
Financial Exhibit
New Financial Obligation
January 2024
Financial Exhibit
New Agreement
Other Events
New Agreement
Other Events
December 2023
Financial Exhibit
Other Events
Other Events
October 2023
Event for Officers
Financial Exhibit
Financial Exhibit
October 2023
Earnings Release
Financial Exhibit
Financial Exhibit
October 2023
Last10K.com | 10-K Annual Report Wed Feb 19 2014
Exhibit 99.1
NEWMARKET CORPORATION REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2013
| • | Record Fourth Quarter Net Income and Earnings per Share |
| • | Record Petroleum Additives Operating Profit for the Year 2013 |
| • | 327,600 Shares Repurchased in 2013 |
Richmond, VA, January 30, 2014 – NewMarket Corporation (NYSE:NEU) President and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company’s operations for the fourth quarter and full year 2013.
We are very pleased to report that we recorded record fourth quarter net income of $54.0 million and earnings per share of $4.08. These results reflect record operating performance by our Petroleum additives segment. Net income for the fourth quarter of 2012 was $53.1 million and earnings per share were $3.94. We also had solid operating performance for the full year. Net income for 2013 increased to $264.7 million, or $19.90 per share, compared to net income of $239.6 million, or $17.85 per share for the year 2012.
In 2013, we sold the assets of our Foundry Park I real estate development segment and recorded the gain in discontinued operations. As a result of the sale, we reclassified the results of operations of the segment in current and prior year periods to discontinued operations. The effects on net income of these and certain other special items are presented in the Summary of Earnings table below.
| Summary of Earnings | ||||||||||||||||
| (In millions, except per-share amounts) | ||||||||||||||||
| Fourth Quarter Ended | Year Ended | |||||||||||||||
| December 31 | December 31 | |||||||||||||||
| 2013 | 2012 | 2013 | 2012 | |||||||||||||
| Net Income: |
||||||||||||||||
| Net income |
$ | 54.0 | $ | 53.1 | $ | 264.7 | $ | 239.6 | ||||||||
| (Income) from operations of discontinued business |
— | (0.8 | ) | (0.5 | ) | (2.3 | ) | |||||||||
| (Gain) on sale of discontinued business |
— | — | (21.9 | ) | — | |||||||||||
| (Gain) Loss on interest rate swap agreement |
(1.0 | ) | (0.2 | ) | (4.1 | ) | 3.3 | |||||||||
| Tax (benefit) of special dividend |
— | (6.2 | ) | — | (6.2 | ) | ||||||||||
| Loss on early extinguishment of debt |
— | — | — | 5.6 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Income excluding the above special items |
$ | 53.0 | $ | 45.9 | $ | 238.2 | $ | 240.0 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Diluted Earnings Per Share: |
||||||||||||||||
| Net income |
$ | 4.08 | $ | 3.94 | $ | 19.90 | $ | 17.85 | ||||||||
| (Income) from operations of discontinued business |
— | (0.06 | ) | (0.04 | ) | (0.17 | ) | |||||||||
| (Gain) on sale of discontinued business |
— | — | (1.65 | ) | — | |||||||||||
| (Gain) Loss on interest rate swap agreement |
(0.07 | ) | (0.01 | ) | (0.31 | ) | 0.24 | |||||||||
| Tax (benefit) of special dividend |
— | (0.46 | ) | — | (0.46 | ) | ||||||||||
| Loss on early extinguishment of debt |
— | — | — | 0.41 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Income excluding the above special items |
$ | 4.01 | $ | 3.41 | $ | 17.90 | $ | 17.87 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
The following information was filed by Newmarket Corp (NEU) on Thursday, January 30, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Newmarket Corp's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Newmarket Corp.
Assess how Newmarket Corp's management team is paid from their Annual Proxy
Newmarket Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:
- Voting Procedures
- Board Members
- Executive Team
- Salaries, Bonuses, Perks
- Peers / Competitors
SEC Filing Tools
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Accrued Expenses
Accrued Expenses (schedule Of Accrued Expenses) (details)
Accrued Expenses (tables)
Consolidating Financial Information
Consolidating Financial Information (condensed Consolidating Statements Of Cash Flows) (details)
Consolidating Financial Information (consolidating Balance Sheets) (details)
Consolidating Financial Information (consolidating Statements Of Income And Comprehensive Income) (details)
Consolidating Financial Information (narrative) (details)
Consolidating Financial Information (tables)
Contractual Commitments And Contingencies
Contractual Commitments And Contingencies (contractual Commitments And Raw Material Purchase Obligations) (details)
Contractual Commitments And Contingencies (environmental) (details)
Contractual Commitments And Contingencies (guarantees) (details)
Contractual Commitments And Contingencies (litigation) (details)
Contractual Commitments And Contingencies (tables)
Deferred Charges And Other Assets
Deferred Charges And Other Assets (schedule Of Deferred Charges And Other Assets) (details)
Deferred Charges And Other Assets (tables)
Derivatives And Hedging Activities
Derivatives And Hedging Activities (effect Of Derivative Instruments On The Consolidated Statements Of Income Designated Cash Flow Hedges) (details)
Derivatives And Hedging Activities (effect Of Derivative Instruments On The Consolidated Statements Of Income Non-designated Derivatives)(details)
Derivatives And Hedging Activities (fair Value Of Derivative Instruments) (details)
Derivatives And Hedging Activities (narrative) (details)
Derivatives And Hedging Activities (tables)
Discontinued Operations
Discontinued Operations (details)
Discontinued Operations (schedule Of Components Of Income From Operations Of Discontinued Business) (details)
Discontinued Operations (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Measurements
Fair Value Measurements (assets And Liabilities Measured At Fair Value On A Recurring Basis) (details)
Fair Value Measurements (estimated Fair Value Of Long-term Debt) (details)
Fair Value Measurements (tables)
Income Tax Expense
Income Tax Expense (deferred Income Tax Assets And Liabilities) (details)
Income Tax Expense (narrative) (details)
Income Tax Expense (reconciliation Of U.s. Federal Statutory Rate To Effective Income Tax Rate) (details)
Income Tax Expense (schedule Of Income From Continuing Operations Before Income Taxes) (details)
Income Tax Expense (schedule Of Provision For Income Taxes From Continuing Operations) (details)
Income Tax Expense (tables)
Intangibles (net Of Amortization) And Goodwill
Intangibles (net Of Amortization) And Goodwill (narrative) (details)
Intangibles (net Of Amortization) And Goodwill (schedule Of Estimated Annual Amortization Expense Related To Intangible Assets) (details)
Intangibles (net Of Amortization) And Goodwill (schedule Of Information Related To Intangible Assets) (details)
Intangibles (net Of Amortization) And Goodwill (tables)
Inventories
Inventories (narrative) (details)
Inventories (schedule Of Inventories) (details)
Inventories (tables)
Long-term Debt
Long-term Debt (narrative) (details)
Long-term Debt (schedule Of Long-term Debt) (details)
Long-term Debt (schedule Of Unused Portion Of Revolving Credit Facility) (details)
Long-term Debt (tables)
Other Comprehensive Income (loss) And Accumulated Other Comprehensive Loss
Other Comprehensive Income (loss) And Accumulated Other Comprehensive Loss (amounts Reclassified From Accumulated Other Comprehensive Loss) (details)
Other Comprehensive Income (loss) And Accumulated Other Comprehensive Loss (components Of Accumulated Other Comprehensive Loss) (details)
Other Comprehensive Income (loss) And Accumulated Other Comprehensive Loss (tables)
Other Income (expense), Net
Other Income (expense), Net (details)
Other Noncurrent Liabilities
Other Noncurrent Liabilities (schedule Of Other Noncurrent Liabilities) (details)
Other Noncurrent Liabilities (tables)
Pension Plans And Other Postretirement Benefits
Pension Plans And Other Postretirement Benefits (assumed Health Care Cost Trend Rates) (details)
Pension Plans And Other Postretirement Benefits (assumptions To Calculate The Results Of Our Retirement Plans) (details)
Pension Plans And Other Postretirement Benefits (changes In The Plans' Benefit Obligations And Assets) (details)
Pension Plans And Other Postretirement Benefits (expected Benefit Payments) (details)
Pension Plans And Other Postretirement Benefits (fair Value Of The Pension And Postretirement Benefit Plans Assets By Asset Category) (details)
Pension Plans And Other Postretirement Benefits (narrative) (details)
Pension Plans And Other Postretirement Benefits (one-percentage Point Change In Assumed Health Care Cost Trend Rate) (details)
Pension Plans And Other Postretirement Benefits (pension Plans With The Benefit Obligation In Excess Of Plan Assets) (details)
Pension Plans And Other Postretirement Benefits (summary Of Components Of Net Periodic Benefit Cost) (details)
Pension Plans And Other Postretirement Benefits (tables)
Prepaid Expenses And Other Current Assets
Prepaid Expenses And Other Current Assets (schedule Of Prepaid Expenses And Other Current Assets) (details)
Prepaid Expenses And Other Current Assets (tables)
Property, Plant, And Equipment, At Cost
Property, Plant, And Equipment, At Cost (narrative) (details)
Property, Plant, And Equipment, At Cost (schedule Of Property, Plant, And Equipment, At Cost) (details)
Property, Plant, And Equipment, At Cost (schedule Of Useful Lives Of Property, Plant, And Equipment) (details)
Property, Plant, And Equipment, At Cost (tables)
Segment And Geographic Area Information
Segment And Geographic Area Information (schedule Of Asset Information By Segment) (details)
Segment And Geographic Area Information (schedule Of Revenue And Operating Profit By Segment) (details)
Segment And Geographic Area Information (schedule Of Revenue, Total Assets And Long-lived Assets By Geographic Area) (details)
Segment And Geographic Area Information (tables)
Selected Quarterly Consolidated Financial Data (unaudited)
Selected Quarterly Consolidated Financial Data (unaudited) (schedule Of Selected Quarterly Consolidated Financial Data) (details)
Selected Quarterly Consolidated Financial Data (unaudited) (tables)
Stock-based Compensation
Stock-based Compensation (narrative) (details)
Stock-based Compensation (schedule Of Restricted Stock Award Activity) (details)
Stock-based Compensation (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policy)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (schedule Of Cash Flow Information) (details)
Supplemental Cash Flow Information (tables)
Trade And Other Accounts Receivable, Net
Trade And Other Accounts Receivable, Net (schedule Of Trade And Other Accounts Receivable, Net) (details)
Trade And Other Accounts Receivable, Net (tables)
Material Contracts, Statements, Certifications & more
Newmarket Corp provided additional information to their SEC Filing as exhibits
Exhibit 10.14: Material Contract
Exhibit 10.15: Material Contract
Exhibit 12: Statement Regarding Calculation Of Ratios
Exhibit 21: Subsidaries Of The Registrant
Exhibit 23: Consents Of Experts And Counsel
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.A: Section 1350 Certification
Exhibit 32.B: Section 1350 Certification
Ticker: NEU
CIK: 1282637
Form Type: 10-K Annual Report
Accession Number: 0001282637-14-000003
Submitted to the SEC: Wed Feb 19 2014 10:03:25 AM EST
Accepted by the SEC: Wed Feb 19 2014
Period: Tuesday, December 31, 2013
Industry: Industrial Organic Chemicals
External Resources:
Stock Quote
Social Media
SEC.gov
Bookmark the Permalink: https://last10k.com/sec-filings/neu/0001282637-14-000003.htm
SEC Filing Exhibit
PDF Download
Loading SEC Filing Exhibit...
Excel DownloadLoading SEC Filing Financial Summary...