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.
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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.
The Board of Directors of Quaker Houghton (NYSE: KWR) has declared a quarterly cash dividend of $0.435 per share. This dividend is payable on April 28, 2023, to shareholders of record by the close of business on April 14, 2023. As a global leader in industrial process fluids, Quaker Houghton operates in over 25 countries and partners with various advanced industries. The company emphasizes its commitment to providing high-performing, innovative, and sustainable solutions to enhance customer operations.
Quaker Houghton (NYSE: KWR) will release its fourth quarter and full year 2022 earnings on February 23, 2023, after market close. An investor call is scheduled for February 24, 2023, at 8:30 a.m. ET. Investors can participate via phone or through a live audio webcast. Dial-in options include +1-877-269-7756 (toll-free) and +1-201-689-7817 (toll). A digital replay will be available until March 6, 2023 using Conference ID No. 13736037. Quaker Houghton is a global leader in industrial process fluids, operating in over 25 countries with approximately 4,700 employees.