Newmarket Corp (NEU) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Exhibit 99.1

NEWMARKET CORPORATION REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2014

Richmond, VA, January 29, 2015 – NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company’s operations for the fourth quarter and full year 2014.

Net income for the fourth quarter of 2014 was $52.1 million, or $4.17 per share, compared to net income of $54.0 million, or $4.08 per share, for the fourth quarter of 2013. Net income for 2014 was $233.3 million, or $18.38 per share, compared to net income of $264.7 million, or $19.90 per share, for 2013. Earnings for 2013 included the results from operations of a discontinued business and the related gain on the sale of the discontinued business. All quarterly and full-year periods included the impact of valuing an interest rate swap at fair value. Excluding these items, fourth quarter 2014 earnings were $53.7 million, or $4.30 per share, compared to $53.0 million, or $4.01 per share, in the prior year quarter, and earnings for the year 2014 were $237.6 million, or $18.72 per share, compared to $238.2 million, or $17.90 per share, last year (see Summary of Earnings table below).

Key to our business’ performance, the petroleum additives segment delivered operating profit of $85.5 million for the fourth quarter of 2014, an improvement of 6.9% over operating profit for the same period last year of $80.0 million. Sales of petroleum additives for the fourth quarter of 2014 were $547.9 million, down slightly from sales in the fourth quarter of last year of $553.9 million. Shipments were up about 1%. Petroleum additives operating profit for 2014 was $385.1 million, up 2.6% versus last year’s operating profit of $375.3 million. Sales for the year increased 2.4% to $2.3 billion, and shipments were up 4.2%.

Our business continued to generate strong cash flows in 2014. During the year, we paid dividends of $59.4 million, funded capital expenditures of $59.7 million and repurchased 664,254 shares of our stock at a cost of $248.5 million, including 95,644 shares repurchased in the fourth quarter. At the end of 2014, we had $256.7 million remaining on our stock repurchase authorization. Our strong financial position enhances our capability for future growth and improving shareholder value.

The results we have seen in the last few years reflect the hard work, dedication and extensive capabilities of NewMarket employees around the world. After having posted record results for each of the past 10 years, we expect that our petroleum additives segment will continue to deliver solid results in 2015. We believe our business fundamentals, including a long-term view, safety-first culture, customer-focused solutions, technology-driven product offerings, world-class supply chain capability and a regional organizational structure to better understand our customers’ needs, are core to our success.