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) 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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