Transcription of 2017 ANNUAL REPORT - newmarket.com
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2017 ANNUAL REPORT - newmarket.com
2017 ANNUAL REPORT . Building for the future FINANCIAL HIGHLIGHTS. 2017 2016. in thousands, except share and per-share amounts OPERATIONS: Net sales .. $2,198,404 $2,049,451. Petroleum additives operating profit .. $ 359,832 $ 384,906. Net income .. $ 190,509 $ 243,441. Basic and diluted earnings per share .. $ $ FINANCIAL POSITION AND OTHER DATA: Cash and cash equivalents .. $ 84,166 $ 192,154. Long-term debt .. $ 602,900 $ 507,275. Shareholders' equity .. $ 601,649 $ 483,251. Shares repurchased during year .. 70,689 98,867. Net Sales by Geographic Area Petroleum Additives Operating Profit 2,500 390.
To Our Shareholders: 2017 was a rewarding yet challenging year for our company. We had our best year ever from a safety performance standpoint and set a number of new safety records, thanks to added focus from everyone in the company.
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