Afton Chemical (NewMarket Petroleum additives) achieved record operating profit of $375.3 million in 2013 compared to last year’s operating profit of $372.0 million. Sales for the year were $2.3 billion, slightly higher than last year’s sales of $2.2 billion. Shipments were up almost 4 percent. Operating profit for the fourth quarter of 2013 was $80.0 million, an improvement of 12 percent over fourth quarter operating profit last year of $71.6 million. Sales for the fourth quarter of 2013 increased 8 percent to $554.0 million, compared to sales for the same period last year of $511.2 million, reflecting the benefit of 8 percent higher shipments.

"Our petroleum additives business continues to deliver excellent results. We believe the fundamentals of how we run the business, including a safety-first culture, customer-focused solutions, technology driven product offerings, world-class supply chain and regional organizational structure to better serve our customers’ needs, are the core to this success. Our ability to continue to provide our customers with innovative products and solutions to meet their business needs is evidenced by a 16% increase in our research and development expenses in 2013" said NewMarket Corporation President and Chief Executive Officer, Thomas E. Gottwald.

NewMarket Corporation posted fourth quarter net income of $54.0 million vs. net income for the fourth quarter of 2012 of $53.1 million. NewMarket also had solid operating performance for the full year. Net income for 2013 increased to $264.7 million compared to net income of $239.6 million for the year 2012.