Financial Performance - Net sales for Q2 2024 were $464 million, a decrease of 64% compared to $4954 million in Q2 2023[9, 10] - Gross margins improved to 379% in Q2 2024, a 200 bps increase year-over-year[9, 10] - Adjusted EBITDA for Q2 2024 was $84 million, a 5% increase year-over-year[9, 14] - Adjusted EBITDA margin for Q2 2024 was 182%, compared to 162% in Q2 2023[11] - Non-GAAP earnings per diluted share increased by 105% to $213 in Q2 2024, compared to $193 in Q2 2023[11] - Operating cash flow generated year-to-date was $74 million[9] Balance Sheet and Liquidity - Net debt stood at $549 million as of June 30, 2024[15] - Leverage ratio was 17x as of June 30, 2024[15] Segment Performance - Total net sales were $4636 million for Q2 2024 compared to $4954 million for Q2 2023[10, 19]

Core Insights - Quaker Houghton has appointed two new independent directors, Nandita Bakhshi and Lucrèce Foufopoulos-De Ridder, to its Board of Directors, effective immediately [1][2]. Group 1: New Appointments - Nandita Bakhshi brings extensive experience in the financial sector, having served as President and CEO of Bank of the West and co-CEO of BNP Paribas USA Inc. She holds a Master of Arts in international relations and a Bachelor of Arts in history [2][3]. - Lucrèce Foufopoulos-De Ridder has 30 years of experience in the specialty chemicals and materials industry, most recently as Executive Vice President at Borealis Group. She holds two Master of Science degrees in Polymers and Composites Engineering and Materials Engineering [3]. Group 2: Company Overview - Quaker Houghton is a global leader in industrial process fluids, operating in over 25 countries and serving advanced industries such as steel, aluminum, automotive, and aerospace. The company employs approximately 4,400 staff, including chemists and engineers [4].

CONSHOHOCKEN, Pa., July 22, 2024 /PRNewswire/ -- Quaker Houghton (NYSE: KWR) today announced the following schedule and contact information for its second quarter 2024 earnings release and investor call. | --- | --- | |-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | Earnings Release: | Monday, August 5, 2024 (after ...

Joseph Berquist, Chief Commercial Officer at Quaker Houghton, adds: "We have built a strong presence in China and across Asia Pacific in support of key industrial sectors such as steel, aluminum, automotive, beverage can, mining, and wind power. This strategic investment further underscores our commitment to meet the growing demands of our customers in China and throughout the Asia-Pacific region. We are excited about the positive contributions we are making to support the strong economic growth and develop ...

CONSHOHOCKEN, Pa., May 8, 2024 /PRNewswire/ -- The Board of Directors of Quaker Houghton (NYSE: KWR) today declared a quarterly cash dividend of $0.455 per share, payable on July 31, 2024, to shareholders of record at the close of business on July 17, 2024. About Quaker Houghton Quaker Houghton is the global leader in industrial process fluids. With a presence around the world, including operations in over 25 countries, our customers include thousands of the world's most advanced and specialized steel, alum ...

Quaker Chemical Corporation (KWR) recorded earnings of $1.95 per share in the first quarter of 2024, up from $1.64 per share in the year-ago quarter.Barring one-time items, earnings came in at $2.09 per share for the reported quarter, topping the Zacks Consensus Estimate of $1.97.Net sales fell around 6% year over year to $469.8 million in the quarter. Sales missed the Zacks Consensus Estimate of $491.3 million. The downside was due to lower selling prices and product mix as well as reduced volumes due to w ...

Have you looked into how Quaker Chemical (KWR) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this specialty chemical company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essenti ...

First Quarter 2024 Results Investor Conference Call Forward-Looking Statements 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 measures should not be viewed as an alternative to GAAP measures of per ...

Financial Performance - Net sales for Q1 2024 were $469,759,000, a decrease of 6.1% from $500,148,000 in Q1 2023[10] - Gross profit increased to $181,563,000 in Q1 2024, up 4.4% from $173,450,000 in Q1 2023[10] - Operating income rose to $55,526,000, reflecting an increase of 11.7% compared to $49,929,000 in the same period last year[10] - Net income attributable to Quaker Chemical Corporation was $35,227,000, a 19.0% increase from $29,534,000 in Q1 2023[10] - Basic net income per share increased to $1.96, up from $1.64 in Q1 2023, representing a growth of 19.5%[10] - Comprehensive income attributable to Quaker Chemical Corporation was $12,655,000, down from $44,597,000 in Q1 2023[13] - The Company generated net income of $35.2 million, or $1.95 per diluted share, in Q1 2024, compared to $29.5 million, or $1.64 per diluted share, in Q1 2023, reflecting a year-over-year increase of 19% in net income[92] - Non-GAAP earnings per diluted share for Q1 2024 were $2.09, up from $1.89 in the prior year quarter, indicating a growth of approximately 10.6%[92] - Adjusted EBITDA for Q1 2024 was $83.3 million, compared to $78.8 million in Q1 2023, representing a year-over-year increase of 5.7%[92] Cash Flow and Investments - Cash and cash equivalents at the end of Q1 2024 were $195,750,000, slightly up from $194,527,000 at the end of Q4 2023[16] - The company reported a net cash provided by operating activities of $27,231,000, a decrease from $37,782,000 in Q1 2023[19] - Cash used in investing activities increased to $29.3 million in Q1 2024 from $6.2 million in Q1 2023, primarily due to payments related to the IKV acquisition[101] - Cash flows provided by financing activities were $6.6 million in Q1 2024, a significant improvement compared to cash used in financing activities of $24.9 million in Q1 2023[102] Debt and Financing - Total debt as of March 31, 2024, was $769.632 million, an increase from $755.612 million as of December 31, 2023[64] - The weighted average variable interest rate on outstanding borrowings under the Credit Facility was approximately 6.4% for the three months ended March 31, 2024[67] - Interest expense for the three months ended March 31, 2024, was $11.282 million, down from $13.876 million in the same period of 2023[73] - The Company entered into $300 million notional amounts of interest rate swaps to convert variable rate borrowings to a fixed rate of 3.64% plus an applicable margin[68] - Total net debt as of March 31, 2024, was approximately $573.8 million, calculated as total borrowings of $769.6 million less cash and cash equivalents[104] Segment Performance - Segment operating earnings for the Americas increased slightly to $66.8 million in Q1 2024 from $66.1 million in Q1 2023, while EMEA segment operating earnings rose to $29.6 million from $27.6 million[33] - The Americas segment accounted for approximately 49% of consolidated net sales in Q1 2024, with net sales of $229.8 million, a decrease of 9% year-over-year[142] - The EMEA segment represented approximately 29% of consolidated net sales in Q1 2024, with net sales of $138.4 million, also a decrease of 9% year-over-year[144] - The Asia/Pacific segment accounted for approximately 22% of consolidated net sales in Q1 2024, with net sales of $101.6 million, an increase of 6% year-over-year[145] Acquisitions and Restructuring - The Company acquired I.K.V. Tribologie IKVT for €32.2 million ($34.6 million), enhancing its position in high-performance lubricants and greases[27] - Restructuring costs incurred during Q1 2024 amounted to $1.9 million, with a total of approximately 120 positions expected to be reduced globally[44] Shareholder Returns - The company declared dividends of $0.455 per share, an increase from $0.435 per share in Q1 2023[10] - The Company initiated a new share repurchase program authorizing the repurchase of up to $150 million of its outstanding common stock[112] - No shares were acquired under the 2024 Share Repurchase Program during the quarter ended March 31, 2024[165] Tax and Regulatory - The effective tax rate for Q1 2024 was 27.3%, slightly down from 27.7% in Q1 2023[60] - The company anticipates continued volatility in effective tax rates due to factors such as tax audits, uncertain tax positions, and foreign tax credit valuation allowances[137] Other Financial Metrics - Total other income for Q1 2024 was $1.080 million, compared to a loss of $2.239 million in Q1 2023[58] - SG&A expenses increased by approximately $4.7 million, or 4%, to $124.2 million in Q1 2024, driven by higher labor-related costs[131] - The net periodic benefit cost for pension benefits in Q1 2024 was $588,000, down from $671,000 in Q1 2023[55] - The Company expects to make full year cash contributions of approximately $5.7 million to its pension plans in 2024[56]

Exhibit 99.1 NEWS Contact: Jeffrey Schnell Vice President, Investor Relations investor@quakerhoughton.com T. 1.610.832.4087 For Release: Immediate QUAKER HOUGHTON ANNOUNCES FIRST QUARTER 2024 RESULTS May 2, 2024 CONSHOHOCKEN, PA – Quaker Houghton ("the Company") (NYSE: KWR), the global leader in industrial process fluids, announced its first quarter 2024 results today. | | | Three Months Ended | | | --- | --- | --- | --- | | | | March 31, | | | ($ in thousands, except per share data) | 2024 | | 2023 | | Net ...