Quaker(US:KWR)2024-08-06 15:22Financial 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]