Quaker Chemical Stock Price, News & Analysis

Quaker Chemical Corporation (KWR) reported fourth quarter 2020 net sales of $385.9 million, a 1% decline year-over-year but an increase of 5% sequentially. Net income surged to $48.5 million from $15.2 million in Q4 2019, reflecting robust operational performance. Full year net sales reached $1.42 billion, a 25% increase from 2019, driven by acquisitions. Adjusted EBITDA for 2021 is projected to rise over 20% from $222 million in 2020. Despite challenges from COVID-19 and rising raw material costs, the company expects enhanced profitability through integration synergies and market share gains.

Quaker Houghton (NYSE: KWR) has declared a quarterly dividend of $0.395 per share, payable on April 30, 2021. Shareholders of record will be those on the books as of April 16, 2021. Operating in over 25 countries, Quaker Houghton is a global leader in industrial process fluids, catering to advanced sectors like steel, aluminum, automotive, and aerospace. With a workforce of 4,200 employees, the company emphasizes innovative, sustainable solutions to enhance operational efficiency for its extensive customer base.

Quaker Houghton (NYSE: KWR) announces its earnings release for the fourth quarter and full year 2020, scheduled for February 25, 2021, after market close. The investor call will take place on February 26, 2021, at 8:30 a.m. (ET). Participants can join via phone or webcast through Quaker Houghton's investor relations site. Digital replay will be accessible until March 4, 2021, and archived webcasts are also available. With operations in over 25 countries, Quaker Houghton is a leader in industrial process fluids, providing technological and customized solutions.

The Board of Directors of Quaker Houghton (NYSE: KWR) declared a quarterly dividend of $0.395 per share, set to be paid on January 29, 2021. Shareholders on record by the close of business on January 15, 2021 will receive this payment. Quaker Houghton is recognized as the global leader in industrial process fluids, with operations in over 25 countries and a workforce of approximately 4,500 employees. The company aims to enhance its customers' operational efficiency through innovative and sustainable solutions.

Quaker Chemical Corporation (KWR) reported a 13% increase in Q3 2020 net sales to $367.2 million, driven by acquisitions. Adjusted EBITDA rose 24% to $63.9 million. Net income was $27.3 million compared to a loss of $13.1 million in Q3 2019. However, pro forma sales decreased 5% year-over-year due to COVID-19's impact on global production. The company expects adjusted EBITDA to exceed $215 million for 2020 and aims for over 20% growth in 2021. Cash flow improved significantly, with net operating cash flow of $67.3 million in Q3, raising YTD cash flow to $112 million.

Quaker Houghton (NYSE: KWR) is set to release its third quarter earnings on November 5, 2020, after market close. An investor call will follow on November 6, 2020, at 8:30 a.m. ET. Investors can participate via a toll-free number or access the live audio webcast on the company's investor relations website. For those unable to attend live, a digital replay will be available until November 12, 2020. Quaker Houghton, a leader in industrial process fluids, operates in over 25 countries, servicing key industries including steel and automotive.

On September 16, 2020, Quaker Houghton (NYSE: KWR) declared a $0.395 per share quarterly dividend, marking a 2.6% increase from the previous dividend. This dividend will be distributed on October 30, 2020, to shareholders on record as of October 16, 2020. This announcement signifies the company’s 11th consecutive dividend increase and its 44th since going public in 1972, reflecting a robust history of 49 years of uninterrupted dividends despite a challenging business environment due to COVID-19.

Quaker Chemical Corporation (KWR) reported a net sales increase of 39% year-over-year, totaling $286 million in Q2 2020, primarily due to acquisitions. However, this represented a 27% decline from pro forma Q2 2019 sales of $390 million, heavily impacted by COVID-19. The company incurred a net loss of $7.7 million compared to a profit of $15.6 million in the prior year, reflecting the pandemic's toll. Adjusted EBITDA was $32.1 million, down from $57 million pro forma in Q2 2019. Despite challenges, cash flow improved and net debt decreased by $13 million.

Quaker Houghton (NYSE: KWR) will release its second quarter earnings on August 5, 2020, after market close. An investor teleconference is scheduled for August 6, 2020, at 7:30 a.m. ET, where participants can join via phone or listen live online. For those unable to attend, a digital replay will be available until August 12, 2020. Quaker Houghton is a leader in industrial process fluids, serving various industries globally.