NewMarket Corporation (NYSE:NEU ) Q2 2024 Results Conference Call July 30, 2024 3:00 PM ET Company Participants Bill Skrobacz - IR Operator Good afternoon, everyone. And welcome to the NewMarket Corporation Conference Call and Webcast to review Second Quarter 2024 Financial Results.
NewMarket owns Afton Chemical and Ethyl Corp., with strong earnings growth in the first quarter of the year. Operating profit in the specialty materials division was negative due to non-recurring items related to the AMPAC acquisition. Despite the operating loss, NewMarket's strong cash flow and potential debt reduction make it an attractive investment opportunity.