NewMarket reports slight drop in earnings, announces special $25/share dividend

NewMarket (Richmond, VA) reported net income of $64.7 million, down 10% year-over-year (YOY). Earnings per share of $4.83 beat analyst estimates of $4.42/share, according to Thompson Reuters (New York). Adjusted earnings were $65.8 million, or $4.91/share. Earnings include an expense from an interest rate swap related to the financing on its Foundry Park facility. Sales were flat at $554 million. NewMarket also announced a special dividend of $25/share....

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