Similar companies
Income Statement (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Revenue | 681M | 7.7% |
| Gross Profit | 216M | 22.2% |
| Cost of Revenue | 530M | 4.8% |
| Operating expense | 81M | 3.3% |
| Net Income | 108M | 34% |
| EBITDA | 159M | 38.8% |
Balance Sheet (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.16B | 36.8% |
| Total Liabilities | 2.01B | 62.8% |
| Total Equity | 1.15B | 7% |
| Shares Outstanding | 9.6M | 0% |
Cash Flow (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Cash from operations | 103M | 40.1% |
| Cash from investing | -697M | 5066.6% |
| Cash from financing | 601M | 495.5% |
EPS
Financial Highlights for NewMarket Corporation in Q1 '24
NewMarket Corporation reported a revenue of 681M, which is a 7.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 216M, marking a 22.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 530M, a 4.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 81M, showing a 3.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 108M, showing a 34% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 159M, showing a 38.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for NewMarket Corporation with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
