Quaker Chemical - KWR STOCK NEWS

Quaker Houghton (NYSE: KWR) has scheduled its first quarter 2025 earnings release and investor call. The company will release its Q1 2025 earnings on Thursday, May 1, 2025 after market close. A teleconference will follow on Friday, May 2, 2025, at 8:30 a.m. (ET).

Investors can participate through a live phone call using toll-free number +1-877-269-7756 or toll number +1-201-689-7817. A digital replay will be available through May 16, 2025. The earnings release and webcast can be accessed through the investor relations section of Quaker Houghton's website.

Quaker Houghton (NYSE: KWR) has completed two strategic acquisitions to strengthen its industrial process fluids portfolio. The company acquired Dipsol Chemicals for 23 billion JPY (~$153 million), representing a 10.5x multiple of Dipsol's trailing twelve-month adjusted EBITDA of $15 million. Dipsol, established in 1953, generates annual revenues of approximately $82 million and employs 450 people globally.

Additionally, KWR acquired Natech, , a UK-based surface treatment chemicals manufacturer, for approximately 4 million GBP (~$5.2 million). Both acquisitions expand KWR's market presence in surface treatment and plating solutions, particularly in automotive and industrial applications. The Dipsol acquisition was funded through existing credit facilities.

Quaker Houghton (NYSE: KWR) has announced its agreement to acquire Dipsol Chemicals for 23 billion JPY (~$153 million), representing a 10.5x multiple of Dipsol's trailing twelve-month estimated adjusted EBITDA of $15 million.

Dipsol, established in 1953 and headquartered in Japan, is a leading supplier of surface treatment and plating solutions primarily for automotive and industrial applications. The company generated revenues of approximately $82 million in the twelve months ending December 31, 2024, and employs about 450 people globally with facilities across Asia, North America, and Europe.

The acquisition is expected to close in Q2 2025, subject to regulatory approvals. Quaker Houghton plans to fund the purchase through existing credit facility borrowings. The deal aims to expand Quaker Houghton's advanced solutions portfolio, particularly strengthening its presence in the Asia-Pacific region while providing cross-selling opportunities and enhanced customer service capabilities.

Quaker Houghton (NYSE: KWR) reported Q4 2024 results with net sales of $444.1 million, down 5% from Q4 2023, and net income of $14.2 million ($0.81 per diluted share). Full-year 2024 achieved net sales of $1.84 billion with net income of $116.6 million ($6.51 per diluted share).

The Q4 sales decline was attributed to a 4% decrease in selling price and product mix, 2% unfavorable currency impact, and 1% decline in organic sales volumes, partially offset by 2% growth from acquisitions. The company generated Q4 adjusted EBITDA of $64.8 million, down 16% year-over-year.

For 2024, the company generated operating cash flow of $204.6 million and returned $82.4 million to shareholders through dividends and share repurchases. The company completed two strategic acquisitions and maintained a strong balance sheet with net debt to adjusted EBITDA ratio of 1.7x. Management expects revenue, adjusted EBITDA, and earnings growth in 2025, supported by planned cost savings of at least $20 million.

Quaker Houghton (NYSE: KWR) has announced its quarterly dividend declaration. The company's Board of Directors has declared a quarterly cash dividend of $0.485 per share. The dividend will be payable on April 30, 2025, to shareholders who are on record at the close of business on April 16, 2025.

Quaker Houghton (NYSE: KWR) has scheduled its fourth quarter and full year 2024 earnings release and investor call. The company will release its earnings on Monday, February 24, 2025, after market close. A teleconference will follow on Tuesday, February 25, 2025, at 8:30 a.m. ET.

Investors can participate through a toll-free number (+1-877-269-7756) or toll number (+1-877-269-7756). A digital replay will be available through March 11, 2025, and can be accessed via toll-free (+1-877-660-6853) or toll (+1-201-612-7415) numbers using Conference ID 13751093. Both the earnings release and webcast will be accessible through the investor relations section of Quaker Houghton's website.

Astronics (ATRO) has appointed Fay West to its Board of Directors, effective February 6, 2025. West currently serves as Senior Vice President and CFO at Tennant Company (TNC) since April 2021, bringing over 20 years of financial leadership experience. She previously held the same position at SunCoke Energy and leadership roles at United Continental Holdings, PepsiAmericas, and GATX Rail Company.

West also serves as an independent director at Quaker Houghton (KWR) and is a former certified public accountant with a bachelor's degree in accounting from DePaul University. With her appointment, Astronics' Board now consists of nine members, with eight being independent directors.

Quaker Houghton (NYSE: KWR) has declared a quarterly cash dividend of $0.485 per share. The dividend will be paid on January 31, 2025, to shareholders who are on record as of the close of business on January 17, 2025. This announcement comes following a decision by the company's Board of Directors.

Quaker Houghton (NYSE: KWR) has appointed Joseph Berquist as Chief Executive Officer, President, and Board member, succeeding Andy Tometich effective immediately. Berquist, previously Executive Vice President and Chief Commercial Officer, brings over 25 years of company experience. Since joining in 1997, he has been important in driving growth, including co-leading the 2019 Quaker Houghton combination that generated over $80M in synergies. As Managing Director North America from 2008, he achieved consecutive years of revenue and profitability improvement and has been involved in 24 company acquisitions.