BNET Industries
Market Cap:$1.5B
Last Fiscal Year Sales:$1.6B
- Public
- US
Dow Jones Description
NewMarket Corporation (NewMarket) (NYSE:NEU) is a holding company which is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). Each of our subsidiaries manages its own assets and liabilities. Afton encompasses the petroleum additives business, while Ethyl represents the sale and distribution of tetraethyl lead (TEL) in North America and certain petroleum additives manufacturing operations. NewMarket Development manages the property and improvements that we own in Richmond, Virginia. NewMarket Services provides various administrative services to NewMarket, Afton, Ethyl, and NewMarket Development. NewMarket Services departmental expenses and other expenses are billed to NewMarket and each subsidiary pursuant to services agreements between the companies. References in this Annual Report on Form 10-K to we, our, and NewMarket are to NewMarket Corporation and its subsidiaries on a consolidated basis, unless the context indicates otherwise. As a specialty chemicals company, Afton develops, manufactures, and blends highly formulated fuel and lubricant additive packages, and markets and sells these products worldwide. Afton is one of the largest global suppliers of lubricant additives and offers a broad line of fuel additives worldwide. ...
President
Thomas E. GottwaldNumber of Employees 1,280
Peer Companies
NAICS Code All Other Basic Organic Chemical Manufacturing: 325199
Recent Events
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UPDATE 1-NewMarket posts strong Q3 results; shares rise
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NewMarket Corporation Declares Increased Quarterly Dividend
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NewMarket Corporation Schedules Conference Call and Webcast to Review Third Quarter 2009 Financial Results
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Todays Zacks Rank Growth and Income Buy: NewMarket Corporation
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NewMarket Corporation Reports Second Quarter and First Half 2009 Results
News & Analysis
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newmarket corp. - All News and Analysis
NewMarket Corporation Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Our first question comes from the line of Ian Zaffino with Oppenheimer & Co. Please proceed with your question, your mike is now allowed [ph]. Ian Zaffino – Oppenheimer & Co. Thanks, good morning. Question on the pricing environment, if you were to look out...
NewMarket Corp. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator (Operator instructions.) Our first question comes from the line of Saul Ludwig with KeyBanc Capital Markets. Saul Ludwig - KeyBanc Capital Markets Good morning. This is Saul. David Fiorenza Hello, Saul. Saul Ludwig - KeyBanc Capital Markets And my 201k is performing about the same. When...
NewMarket Corp. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you ladies and gentlemen. At this time, we will be conducting a question-and-answer session. Operator instructions Our first question today comes from the line of Ivan Marcus with Keybanc Capital Markets. Please proceed with your question. Ivan Marcus –...
Weekly Insider Buying/Selling Wrap and Economic Reports Preview
For all the analysts and pundits in the financial media, there is still no better judge of a company's health and future prospects than the owners and executives of those companies themselves, along with major institutional shareholders. That's why insider buying and selling is a critical piece of data...
NewMarket Corp. Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. Ladies and gentlemen, we will now be conducting a question-and-answer session. Operator Instructions. Thank you. Our first question comes from the line of Mr. Robert Felice with Gabelli & Company. Please proceed with your question. Robert Felice - Gabelli & Company Hi, guys. Just...
New Market Corporation Q1 2008 Financial Results Conference Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. Our first question is from [Irwin Marquees] with KeyBanc Capital Markets. Please proceed with your question. Irwin Marquees Hi guys how are you doing? David Fiorenza Hi. Irwin Marquees Hey, could you give me a breakdown on the volume price in...
NewMarket Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from the line of Saul Ludwig with KeyBanc. Saul Ludwig - KeyBanc Good morning, David. David Fiorenza Good morning. Saul Ludwig - KeyBanc Could you give us the components, your revenues were up 18.7%? What was the split between volume price...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Thomas E. Gottwald | President |
| Alex McLean | Senior Vice President Afton Chemical Corp |
| Bruce R. Hazelgrove | Vice Presidentcorporate Resources |
| D.A. Fiorenza | Vice President & Treasurer |
| David A. Fiorenza | Vice President and Treasurer (Principal Financial Officer) |
| Steven M. Edmonds | Vice President,General Counsel |
| Marianne Small | Founder |
| Seawright Homes | Manager |
| Wayne C. Drinkwater | Controller (Principal Accounting Officer) |
| Andrea McDowell Poehler | City Attorney |
| M. Rudolph West | Secretary |
| Tom Mitchell | Teacher |
| James E. Rogers | Director |
| Joseph M. Silvestri | Director |
| Rudolph West | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Bruce C. Gottwald | Chair of Board |
| Charles B. Walker | Chairman |
| Philip Verges | Chairman |
| C.B. Walker | Board of Directors |
| Gilbert M. Grosvenor | Board of Directors |
| J.E. Rogers | Board of Directors |
| Mark M. Gambill | Board of Directors |
| Patrick D. Hanley | Board of Directors |
| Phyllis L. Cothran | Board of Directors |
| S.B. Scott | Board of Directors |
| William W. Berry | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | President | Current |
| Newmarket Corporation | President, Chief Executive Officer and Director | Current |
| Newmarket Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Senior Vice President Afton Chemical Corp | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Vice Presidentcorporate Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Vice President & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Vice President and Treasurer (Principal Financial Officer) | Current |
| Newmarket Corporation | Treasurer (Principal Financial Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Vice President,General Counsel | Current |
Marianne Small has suffered from Obsessive Compulsive Disorder (OCD) most of her adult life. She is acutely aware of the need for public awareness about OCD and is devoting her time and energy to increasing awareness about this crippling disorder which affects between 2 and 4 per cent of the population. Marianne is also the founder of the Newmarket (Ontario) Obsessive Compulsive Disorder Support Group.
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Founder | Current |
| Greg Small | Current |
As manager for The Orchard at New Market LLC, Seawright Homes LLC brings to bear 33 years of experience building communities particularly well attuned to their physical surroundings, while achieving award-winning recognition for the quality of its land planning, landscape architecture and preservation of native plant material. The Orchard at New Market marks the fourth collaboration between Seawright Homes and Boulder, Colorado-based architect Downing, Thorpe & James (DTJ). The architects at DTJ are exceptional designers of homes that are both imaginative and functional. The partners and associates at DTJ stand apart from their peers in their unique ability to visualize how a home's exterior shape, color and texture should relate to other homes so as to create a visually harmonious community.
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Manager | Current |
| The Orchard At New Market, LLC | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Controller (Principal Accounting Officer) | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | City Attorney | Current |
| William Mitchell College of Law | member | Former |
| William Mitchell College of Law | editor | Former |
| Minnesota Court of Appeals | Former | |
| William Mitchell Law Review | Former | |
| St. Olaf College | Former |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Secretary | Current |
| Newmarket Corporation | Secretary | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Teacher | Current |
| Kronodynamics | Current | |
| Fryo | Current | |
| Asbury Theological Seminary | Master of Arts Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Chair of Board | Current |
| Newmarket Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Chairman | Current |
As Chief Executive Officer and Chairman of NewMarket, Mr. Verges brings a wealth of business and technology experience and leadership to the Company. In his first foray into the role of entrepreneur, Mr. Verges founded VergeTech International (VTI) in 1997, a firm that specialized in leading edge technology services. After merging VTI with IPVoice Communications in 2002, Mr. Verges developed and implemented the Company's new business strategy of launching market-entry technology advancements into early and mainstream technology products and services through established Systems Integration relationships. Thus was born NewMarket Technology, Inc. Since that time, Mr. Verges has been instrumental in NewMarket's successful acquisition of technology-based companies in North America, Asia and Latin America. A graduate of the U.S. Military Academy at West Point, Mr. Verges served with distinction in a wide variety of important engagements to include research and development of counter terrorism communication technologies and practices. After fulfilling his post-graduate military duties for the United States, Mr. Verges elected to pursue the private sector and was honorably discharged with the rank of captain. Mr. Verges' early career after the Army was spent with Electronic Data Systems (EDS) in the Computer Sciences Research and Development Department of General Motors. Mr. Verges' first business start-up experience was with EDS in a new division concentrating on call center technology in financial institutions. He later added to this experience with the task of opening an entirely new geographic region for a $30 million technology services business. Finally, with the launch of his own company in 1997, Mr. Verges accomplished professional independence. He grew his firm from $300,000 in first year sales to over $11 million in year four; growth funded primarily from operational income. After merging VTI into the now NewMarket Technology, Inc., Mr. Verges continued to grow the new company to over $50 million in annual sales. Dissatisfied with merely adapting to keep pace, he sought to pioneer by strategically positioning the Company to be at the forefront of identifying and marketing emerging technologies the world over. Today, NewMarket employs over 400 people in six countries, and services customers around the globe. In addition to leading NewMarket, Mr. Verges is also a sought after public speaker, delivering speeches throughout the year on topics ranging from emerging technologies to financial markets. Currently, Mr. Verges is also developing a book, which will be a guide to start-up financing for the high-tech entrepreneur. Outside of work, Mr. Verges, along with his wife of nearly 20 years, spends his time raising their five children.
| Organization | Position | Status |
|---|---|---|
| Newmarket Technology, Inc. | Chairman, Chief Executive Officer, Director | Current |
| Newmarket Corporation | Chairman | Current |
| Enable Ipc Corporation | Board of Directors | Current |
| IP Global Voice, Inc. | Chairman and Chief Executive Officer | Former |
| Newmarket Corporation | Chief Executive Officer | Former |
| Newmarket Technology, Inc. | Board of Directors | Former |
| United States Military Academy | Former |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Board of Directors | Current |
James E. Rogers, 61, has served as President of SCI Investors Inc, a private equity investment firm, since 1993. He also serves on the boards of directors of Wellman, Inc., Caraustar Industries, Inc., Cadmus Communications Inc. and New Market Corp. Mr. Rogers has been a director since 1991.
| Organization | Position | Status |
|---|---|---|
| Owens & Minor Inc. | Managing Director of Sci Investors | Current |
| Caraustar Industries, Inc. | Chairman | Current |
| Wellman, Inc. | Compensation Committee Chairman | Current |
| Caraustar Industries, Inc. | Board of Directors | Current |
| Newmarket Corporation | Director | Current |
| Cadmus Communications Corporation | Director | Current |
| Wellman, Inc. | Director | Former |
| Owens & Minor Inc. | Director | Current |
| Owens & Minor Inc. | Executive Committee Member | Current |
| James River Corporation | Senior Vice President | Former |
| Owens & Minor Inc. | Lead Director | Former |
| James River Corporation | Group Executive | Former |
| Organization | Position | Status |
|---|---|---|
| Jet Information Services, Inc | Managing Partner | Current |
| Direct Alloys LLC | Managing Partner | Current |
| Court Square Capital Partners | Managing Partner | Current |
| Lamar Companies | Current | |
| Jet Information Services, Inc | Board of Directors | Current |
| Direct Alloys LLC | Board of Directors | Current |
| Newmarket Corporation | Director | Current |
| MacDermid, Incorporated | Director | Current |
| Worldspan Technologies Inc. | Board of Directors | Current |
| Southern Graphics | Director | Current |
| Southern Graphic Systems, Inc. | Director | Current |
| Southern Graphic Systems, Inc. | Member | Current |
| MacDermid, Incorporated | President | Former |
| Columbia Business School | MBA | Former |
| The Pennsylvania State University | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Newmarket Corporation | Board of Directors | Current |
Executive News
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NewMarket Corporation Schedules Conference Call and Webcast to Review Second Quarter 2009 Financial Results
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NewMarket Corporation Schedules Conference Call and Webcast to Review Second Quarter 2009 Financial Results
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MeadWestvaco building nears completion in Richmond
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