Core Viewpoint - Quaker Houghton has appointed Joseph Berquist as the new Chief Executive Officer and President, succeeding Andy Tometich, effective immediately [1][2]. Leadership Transition - The Board of Directors expressed gratitude to Andy Tometich for his three years of leadership, highlighting his valuable outside perspective [2]. - The Board aims to have a CEO with in-depth knowledge of the industry, which is expected to drive shareholder value through organic growth and acquisitions [2]. - Joseph Berquist has a long history with Quaker Houghton, having joined in 1997 and held various leadership roles, including Chief Strategy Officer and Executive Vice President, Chief Commercial Officer [2][3]. Company Background - Quaker Houghton is recognized as the global leader in industrial process fluids, operating in over 25 countries and serving advanced industries such as steel, aluminum, automotive, and aerospace [3]. - The company employs approximately 4,400 individuals, including chemists and engineers, to provide innovative and sustainable solutions to its customers [3].

Financial Data and Key Metrics Changes - Third quarter net sales were $462 million, a 6% decrease from the prior year but consistent with the second quarter [9][34] - Gross margins in the third quarter were 37.3%, in line with the prior year and the prior quarter [11][36] - Adjusted EBITDA for the third quarter was $79 million, reflecting a 7% decline year-over-year [13][38] - Non-GAAP diluted earnings per share were $1.89, up approximately 4% year-to-date despite a challenging operating environment [48] Business Line Data and Key Metrics Changes - Asia-Pacific segment net sales increased approximately 3% year-over-year, driven by a 9% increase in sales volumes [40][17] - EMEA segment net sales decreased by 4% year-over-year, with sales volumes increasing by approximately 1% due to the I.K.V. acquisition [42] - Americas segment net sales declined 10% year-over-year, impacted by lower sales volumes and selling price [44] Market Data and Key Metrics Changes - The overall market environment remains soft, particularly in the Americas and EMEA segments, with automotive and industrial sectors facing extended downtimes [34][18] - Asia-Pacific has shown resilience with growth driven by new business wins in metals and metalworking applications [17][59] Company Strategy and Development Direction - The company is focused on three key themes: globalizing, digitalizing, and leading in sustainability, aiming to modernize its proven model and enhance competitive positioning [26][27] - Recent acquisitions of technology-advantaged businesses are expected to expand markets and complement the portfolio [16][27] - The company is committed to maximizing shareholder value through a balanced capital allocation strategy, including organic and inorganic growth initiatives [15][86] Management's Comments on Operating Environment and Future Outlook - Management anticipates that soft underlying market conditions will persist through the fourth quarter, with seasonal patterns affecting production and working capital [20][62] - The company remains focused on executing its customer intimate model and driving efficiencies while managing costs and margins [21][64] - Confidence in the long-term fundamentals of the industry remains, with expectations for continued outperformance against softer end-markets [24][32] Other Important Information - The company generated approximately $142 million of operating cash flow year-to-date and ended the third quarter with over $200 million in cash [14][50] - Capital expenditures in the third quarter were approximately $8 million, with expectations to exceed the midpoint of the communicated range for the year [49] Q&A Session Summary Question: Operating margin performance in Q3 - Management noted a sequential decline in operating margins due to a lag effect on pricing and some uptick in SG&A costs [54][56] Question: Strength in Asia-Pacific - Growth in Asia-Pacific is attributed to new business wins across multiple countries, with expectations for continued positive momentum [59][60] Question: Q4 outlook and seasonality - Management expects a seasonal decline in revenue and potential margin impacts, but remains optimistic about new business wins [62][65] Question: Pricing and index impacts - Pricing was down year-over-year due to index-based contracts, but stabilization is anticipated moving forward [74][75] Question: Capital allocation and acquisition opportunities - The company is open to larger consolidation opportunities and has several bolt-on deals in the pipeline [97][98]

Quaker Houghton Third Quarter 2024 Results Investor Conference Call Quaker Houghton.. Forward Together Forward-Looking Statements Regulation G The attached charts include Company information that does not conform to generally accepted accounting principles ("GAAP"). Management believes that an analysis of this data is meaningful to investors because it provides insight with respect to ongoing operating results of the Company and helps investors to evaluate the financial results of the Company. These measure ...

Core Insights - Quaker Chemical (KWR) reported a revenue of $462.27 million for the quarter ended September 2024, reflecting a decline of 5.8% year-over-year and a surprise of -1.31% compared to the Zacks Consensus Estimate of $468.39 million [1] - The earnings per share (EPS) for the quarter was $1.89, down from $2.05 in the same quarter last year, resulting in an EPS surprise of -7.35% against the consensus estimate of $2.04 [1] Revenue Performance by Geography - Asia/Pacific revenue was reported at $107.86 million, exceeding the average estimate of $105.70 million by two analysts, marking a year-over-year increase of +2.6% [3] - Americas revenue stood at $220.28 million, below the average estimate of $224.05 million, representing a year-over-year decline of -10.4% [3] - EMEA revenue was reported at $134.14 million, slightly below the average estimate of $136.39 million, indicating a year-over-year decrease of -3.9% [3] Stock Performance - Over the past month, Quaker Chemical shares have returned -5.5%, contrasting with the Zacks S&P 500 composite's increase of +1% [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]

Company Performance - Quaker Chemical reported quarterly earnings of $1.89 per share, missing the Zacks Consensus Estimate of $2.04 per share, and down from $2.05 per share a year ago, representing an earnings surprise of -7.35% [1] - The company posted revenues of $462.27 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.31%, and down from $490.61 million year-over-year [2] - Over the last four quarters, Quaker Chemical has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Quaker Chemical shares have lost approximately 27.6% since the beginning of the year, contrasting with the S&P 500's gain of 21.9% [3] - The current Zacks Rank for Quaker Chemical is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.91 on revenues of $467.98 million, and for the current fiscal year, it is $8.18 on revenues of $1.87 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock movements [6] Industry Context - The Chemical - Specialty industry, to which Quaker Chemical belongs, is currently in the bottom 33% of the Zacks industry rankings, suggesting potential challenges ahead [8]

Q3'24 net sales of $462.3 million, net income of $32.3 million and earnings per diluted share of $1.81 Q3'24 non-GAAP net income of $34.0 million and non-GAAP earnings per diluted share of $1.89 Delivered adjusted EBITDA and adjusted EBITDA margins of $78.6 million and 17.0% respectively in Q3'24 Generated $141.5 million of operating cash flow YTD; Net leverage ratio of 1.6xCONSHOHOCKEN, Pa., Oct. 31, 2024 /PRNewswire/ -- Quaker Houghton ("the Company") (NYSE: KWR), the global leader in industrial process ...

The market expects Quaker Chemical (KWR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rele ...

CONSHOHOCKEN, Pa. , Oct. 17, 2024 /PRNewswire/ -- Quaker Houghton (NYSE: KWR) today announced the following schedule and contact information for its third quarter 2024 earnings release and investor call. | --- | --- | |-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | Earnings Release: | Thursday, October 31, 2024 (aft ...

Have you assessed how the international operations of Quaker Chemical (KWR) performed in the quarter ended June 2024? For this specialty chemical company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. ...

Quaker Chemical Corporation (KWR) recorded earnings of $1.94 per share in the second quarter of 2024, up from $1.63 per share in the year-ago quarter. Barring one-time items, earnings came in at $2.13 per share for the reported quarter, missing the Zacks Consensus Estimate of $2.21. Net sales fell around 6% year over year to $463.6 million in the quarter. It missed the Zacks Consensus Estimate of $487.9 million. The downside was due to lower selling prices and product mix as well as reduced volumes due to w ...