Company Overview - Quaker Chemical is a global specialty chemical company focused on supplying high-value process fluids and solutions to industrial manufacturers, serving sectors such as steel, aluminum, automotive, aerospace, and mining across the Americas, EMEA, and Asia/Pacific regions [5]. - The company reported a total revenue of $1.83 billion and a net income of $(7.13) million for the trailing twelve months (TTM) [4]. Recent Developments - Luminus Management sold 42,585 shares of Quaker Chemical, valued at approximately $5.6 million, during the quarter ended September 30, 2025, and retained 60,466 shares worth about $8 million at quarter-end, making Quaker Chemical its 5th-largest equity position [2][3]. - Quaker Chemical's stake represented 7.2% of Luminus Management's reported assets under management (AUM) [3]. Financial Performance - Quaker Chemical's revenue showed a 4% year-over-year increase to $483.4 million in the second quarter, with acquisitions contributing 6 percentage points and higher volume adding 2 percentage points, although lower prices and a changing mix subtracted 4 percentage points [6][7]. - Despite the sales growth, the company's net income, adjusted for certain items, dropped 21.5% to $30 million [7]. Market Position - As of October 2, 2025, Quaker Chemical's shares were priced at $132.59, reflecting a 19% decline over the past year, underperforming the S&P 500 by 36.6 percentage points during the same period [3].