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) announced its first quarter 2023 earnings release date and investor call schedule. The earnings release is set for May 4, 2023, after market close, with the investor call taking place on May 5, 2023, at 8:30 a.m. ET. Interested parties can participate via phone or listen to a live audio webcast through their investor relations website. The dial-in number for the call is +1-877-269-7756 (toll-free) or +1-201-689-7817 (toll), and participants are encouraged to join 5-10 minutes early. For those unable to attend live, a digital replay will be available until May 19, 2023. Quaker Houghton is recognized as the global leader in industrial process fluids, serving a wide range of industries worldwide.
Quaker Houghton (NYSE: KWR) announced the appointment of Jeffrey L. Fleck as Senior Vice President and Chief Supply Chain Officer, effective February 27, 2023. Fleck will lead the global supply chain organization, aiming to enhance the company's operational efficiency and support its long-term growth strategy. Previously, he served in similar roles at Georgia-Pacific and Zep, Inc., bringing extensive supply chain management experience. CEO Andy Tometich welcomed Fleck, highlighting his leadership capabilities and expertise as crucial for optimizing Quaker Houghton's operations.
Quaker Houghton (KWR) reported Q4 2022 net sales of $484.8 million, an 8% increase from Q4 2021, primarily driven by higher selling prices. However, the company posted a net loss of $76.0 million, or $4.24 per diluted share, due to a $93.0 million impairment charge. Non-GAAP net income for the quarter was $25.0 million, with adjusted EBITDA of $67.9 million, a 12% increase year-over-year. Full-year net sales reached $1.9 billion, showing resilience amid inflation and market challenges. The CEO emphasized a focus on margin recovery and strategic initiatives for long-term growth during 2023.
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