Welcome to our dedicated page for Quaker Chemical news (Ticker: KWR), a resource for investors and traders seeking the latest updates and insights on Quaker Chemical stock.
Quaker Houghton reports developments for an industrial process fluids business serving steel, aluminum, automotive, aerospace, offshore, container, mining and metalworking customers. News commonly covers quarterly and annual results, sales volume and pricing trends, adjusted EBITDA, cash flow, segment activity across the Americas, EMEA and Asia/Pacific, and demand tied to metalworking and industrial end markets.
Company updates also include dividend declarations, share repurchases, acquisitions, credit agreement amendments, debt maturity and liquidity actions, cost and transformation programs, and corporate responsibility recognition. Product themes include metal removal and forming fluids, cleaners, corrosion inhibitors, die-cast mold releases, quenchants, hydraulic fluids, specialty greases, rolling lubricants, and surface treatment chemicals.
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.