Oct 29, 2026 earnings call — Petroleum additives and specialty materials results
Net income for Q3 2026 was $124 million, or $13.50 per share, driven by higher operating profit and a reduced effective tax rate.
Revenue $0.7B · EPS $13.50
Key quotes
"Despite the broader market softness in lubricant additives that resulted in an 8% decline in shipments, we successfully implemented surcharges to offset higher costs incurred due to the supply chain disruptions in the Middle East."
"We continue to be pleased with the performance of our specialty materials segment and remain excited about the capacity expansion projects underway for both ammonium perchlorate and high-purity hydrazine."
"During the period, we funded $88 million of capital expenditures, paid $83 million in dividends, and repurchased more than 200,000 shares for approximately $126 million."