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 Chemical Corporation (KWR) delivers specialized process fluids, lubricants, and coatings for steel production, metalworking, and advanced manufacturing sectors worldwide. This news hub provides investors and industry professionals with essential updates on operational developments, strategic initiatives, and market positioning.
Access timely announcements including earnings reports, product innovations, and partnership agreements. Our curated collection simplifies tracking of KWR's technical advancements and sustainability efforts within industrial chemicals.
Discover updates across three key areas: process optimization breakthroughs, global expansion activities, and engineering solutions for manufacturing efficiency. Regular updates ensure visibility into how Quaker Chemical maintains its leadership through customer-focused innovation.
Bookmark this page for streamlined access to press releases and analysis-free updates directly impacting KWR investment considerations. Check back frequently for unfiltered information from primary sources.
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.
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