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 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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