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 (NYSE: KWR) is a global industrial process fluids company serving advanced steel, aluminum, automotive, aerospace, offshore, container, mining, and metalworking customers. This news page aggregates company announcements, earnings releases, dividend declarations, leadership updates, and other material developments that Quaker Houghton discloses to the market.
Investors and industry followers can use this feed to review Quaker Houghton’s quarterly and annual financial results, including discussions of net sales trends, segment performance in the Americas, EMEA, and Asia/Pacific, and management commentary on organic volume growth, new business wins, acquisitions, and macroeconomic conditions affecting its industrial end markets. The company’s news often highlights how tariffs, regional demand, and foreign currency translation influence results across its geographic segments.
Quaker Houghton’s press releases also cover capital allocation decisions such as quarterly cash dividends, dividend increases, and share repurchases, along with explanations of how these actions relate to cash flow generation and balance sheet management. Leadership and organizational announcements provide insight into roles focused on transformation, process optimization, and research and development for metals and metalworking solutions.
In addition, the company reports external recognition, such as inclusion on Newsweek’s list of America’s Most Responsible Companies, reflecting its environmental, social, and governance profile. By following this KWR news page, readers can see how Quaker Houghton communicates its industrial process fluids strategy, portfolio developments, acquisitions, and ESG-related milestones over time.
Quaker Houghton (NYSE: KWR) reported Q3 2024 financial results with net sales of $462.3 million, down 6% from Q3 2023. The company posted net income of $32.3 million and earnings per diluted share of $1.81. Adjusted EBITDA was $78.6 million with a 17.0% margin. The decline in sales was attributed to a 4% decrease in selling price and product mix, 1% decline in sales volumes due to soft market conditions, and 1% unfavorable impact from foreign currency translation. The company maintained strong cash flow, generating $141.5 million year-to-date, with a net leverage ratio of 1.6x.
Quaker Houghton (NYSE: KWR) has announced its schedule for the third quarter 2024 earnings release and investor call. The earnings release will be available on Thursday, October 31, 2024, after market close, on the company's investor relations website. A teleconference will be held on Friday, November 1, 2024, at 8:30 a.m. (ET).
Investors can participate in the call via phone or listen to a live audio webcast through the company's website. The dial-in numbers are +1-877-269-7756 (toll-free) and +1-201-689-7817 (toll). No password is required, but callers are advised to join 5-10 minutes before the scheduled start.
For those unable to attend live, a digital replay will be available through November 15, 2024, accessible by calling +1-877-660-6853 (toll-free) or +1-201-612-7415 (toll) with Conference ID No. 13748501. An archived webcast will also be available on the company's investor relations website.
Quaker Houghton (NYSE: KWR) announced Q2 2024 results with net sales of $463.6M, a 6% decline from Q2 2023. The company reported a net income of $34.9M and EPS of $1.94, up from $29.3M and $1.63 respectively in Q2 2023.
Non-GAAP net income was $38.2M with an EPS of $2.13. The adjusted EBITDA increased by 5% to $84.3M, driven by an improvement in gross margins.
Despite a drop in sales due to lower selling prices, product mix, and soft market conditions in EMEA and Americas, the Asia/Pacific segment saw volume growth. Operating cash flow for YTD was $73.5M and cash dividends increased by 6.6%.
CEO Andy Tometich emphasized resilience and growth, projecting further earnings growth for 2024. The company remains focused on enhancing its product portfolio and operational efficiencies.
Quaker Houghton (NYSE: KWR) has announced a 7% increase in its quarterly cash dividend to $0.485 per share. The dividend will be payable on October 31, 2024, to shareholders of record as of October 17, 2024. This marks the company's 15th consecutive year of dividend increases and its 48th increase since going public in 1972. CEO Andy Tometich expressed confidence in the company's long-term fundamentals and cash generation capabilities, emphasizing their commitment to enhancing shareholder value through a disciplined capital allocation strategy.
Quaker Houghton (NYSE: KWR), a global leader in industrial process fluids, has appointed two new independent directors to its Board of Directors: Nandita Bakhshi and Lucrèce Foufopoulos-De Ridder. Both are experienced global executives with extensive operational and strategic backgrounds across diverse industries.
Ms. Bakhshi, former President and CEO of Bank of the West, brings expertise from the financial sector. Ms. Foufopoulos-De Ridder has 30 years of experience in the specialty chemicals and materials industry, most recently as Executive VP at Borealis Group. These appointments aim to provide valuable perspectives as Quaker Houghton advances its growth strategy and focuses on delivering long-term shareholder value.
Quaker Houghton (NYSE: KWR) has announced its schedule for the second quarter 2024 earnings release and investor call. The earnings release is set for Monday, August 5, 2024, after market close. The teleconference will take place on Tuesday, August 6, 2024, at 8:30 a.m. (ET). Investors can participate via phone or listen to a live audio webcast through the company's investor relations website.
The dial-in numbers for the call are +1-877-269-7756 (toll-free) and +1-201-689-7817 (toll). No password is required, but participants are advised to call 5-10 minutes before the scheduled start. A digital replay will be available until August 20, 2024, and an archived webcast will be accessible on the company's investor relations website.
Quaker Houghton (NYSE: KWR), a global leader in industrial process fluids, has begun construction on a new manufacturing facility in Zhangjiagang, China. This state-of-the-art facility aims to enhance the company's production capabilities in the Asia-Pacific region, with operations expected to commence in Q2 2026.
Jeff Fleck, Chief Supply Chain Officer, emphasized the importance of this facility in solidifying Quaker Houghton's global supply chain. Chief Commercial Officer Joseph Berquist highlighted the strategic investment as a response to the growing demand in key industrial sectors like steel, aluminum, automotive, and wind power.
Quaker Houghton announced the appointment of Tom Coler as the new CFO effective June 10, 2024, succeeding Shane Hostetter. Coler brings extensive financial experience from global companies across various industries. Hostetter will remain until August 4, 2024, to ensure a smooth transition. CEO Andy Tometich praised Coler's financial expertise and leadership skills, expressing confidence in his ability to drive growth and create long-term shareholder value.
Quaker Houghton (NYSE: KWR) has announced a quarterly cash dividend of $0.455 per share, payable on July 31, 2024, to shareholders of record at the close of business on July 17, 2024.
Quaker Houghton, the global leader in industrial process fluids, announced its first quarter 2024 results with net sales of $469.8 million, net income of $35.2 million, and earnings per diluted share of $1.95. The Company delivered adjusted EBITDA of $83.3 million, showing a 6% increase compared to the previous year. Gross margins improved by 400 basis points, marking the 7th consecutive quarterly year-over-year increase. Quaker Houghton generated $27.2 million of operating cash flow in Q1'24, reflecting a strong start to the year.
FAQ
What is the current stock price of Quaker Chemical (KWR)?
What is the market cap of Quaker Chemical (KWR)?
