NEWMARKET Business Summary

NewMarket Corporation (NEU) operates as a premier global manufacturer and marketer of highly engineered specialty chemicals, primarily generating revenue through the sale of performance-enhancing additives for lubricants and fuels. The company operates through two primary business segments: Petroleum Additives, managed through its subsidiary Afton Chemical Corporation, and Specialty Materials, which includes American Pacific (AMPAC) and Calca Solutions. The Petroleum Additives segment, accounting for over 90% of total revenue, provides chemical components that improve the efficiency and durability of engines and industrial equipment, while the Specialty Materials segment focuses on mission-critical propellants and perchlorates for aerospace and defense applications. NewMarket maintains a top-tier market position with approximately 12.3% of the global petroleum additives market, competing directly against industry giants such as The Lubrizol Corporation, Infineum International, Chevron Oronite, and Innospec Inc. Leadership is anchored by the Gottwald family, which has guided the company since its origins as the Albemarle Paper Manufacturing Company in 1924. Thomas E. Gottwald serves as Chairman, President, and CEO, bringing over two decades of executive experience to the role since his appointment in 2004. The senior management team includes Timothy K. Fitzgerald as Vice President and CFO, Bruce R. Hazelgrove as EVP and Chief Administrative Officer, and Bryce D. Jewett III as EVP and General Counsel. Recently, the company strengthened its financial leadership by appointing Susan M. Ridlehoover as Principal Accounting Officer in February 2026. The company is characterized by high insider ownership, with the Gottwald family maintaining a significant equity stake, ensuring a long-term strategic focus on capital allocation and shareholder returns through consistent dividends and share repurchases.