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 ...

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 ...