Afton Chemical had another solid quarterly performance, as petroleum additives sales for the third quarter of this year were $585.6 million, an improvement of 1.4% over sales for the same period last year of $577.6 million. Shipments for the third quarter were up 3.1%. Sales of petroleum additives for the first nine months of this year were $1,777.2 million, an increase of 3.5% compared to sales in the first nine months of last year of $1,717.3 million. Shipments for the first nine months were up 5.4%.

Segment operating profit remained relatively consistent between the third quarter periods, at $94.3 million in the third quarter of 2014 versus $95.5 million in the prior year third quarter. For the first nine months of this year, petroleum additives operating profit was $299.6 million compared to operating profit for the same period last year of $295.3 million.

Parent company NewMarket reported net income for the third quarter of 2014 was $56.9 million compared to net income of $78.9 million for the third quarter of 2013. For the first nine months of 2014, net income was $181.2 million compared to net income of $210.7 million for the same period last year. Third quarter 2014 earnings were $56.8 million compared to $57.4 million and earnings for the first nine months of the year were $183.9 million compared to $185.2 million last year.