Quaker Chemical Stock Price, News & Analysis

Quaker Houghton (NYSE: KWR) and its subsidiary SIFCO ASC are set to showcase their innovative solutions for the mining industry at MINExpo 2021 in Las Vegas from September 13-15. With increasing pressures on mining operations to ensure safety and reduce environmental impacts, Quaker Houghton is promoting products such as QUINTOLUBRIC® fire-resistant hydraulic fluids, DUSTGRIP® dust suppressants, and MINETECH™ ground control agents. Their advanced technologies aim to enhance operational efficiency while addressing critical challenges faced by mining companies today.

Quaker Houghton (NYSE: KWR) announced a quarterly dividend of $0.415 per share, marking a 5.1% increase from the previous dividend. The dividend is payable on October 29, 2021, to shareholders of record by October 15, 2021. This represents the company's 12th consecutive dividend increase and the 45th increase since its public listing in 1972, highlighting a strong track record of 50 years of uninterrupted dividends. The Board expressed confidence in future cash flow despite increased investments in working capital.

Quaker Houghton (NYSE: KWR) reported strong Q2 2021 results, with net sales soaring to $435.3 million, a 52% increase from $286.0 million in Q2 2020. The company achieved net income of $33.6 million ($1.88 per diluted share) compared to a loss of $7.7 million in the same quarter last year. This growth was driven by a 40% increase in sales volumes, supported by strategic acquisitions and favorable currency impacts. However, raw material costs and supply chain pressures negatively affected gross margins, which decreased to 35.5% from 36.3% in Q1 2021. Looking ahead, Quaker anticipates continued strong demand amid expected challenges in automotive sectors due to semiconductor shortages.

Quaker Houghton (NYSE: KWR) will showcase its industrial process fluid solutions at FABTECH 2021 from September 13-16 in Chicago. The company will exhibit pre-treatment and surface finishing products from its subsidiaries, Coral Chemical and SIFCO ASC. Attendees at booth D45762 can watch live demonstrations of the SIFCO Process® for selective electroplating. Key technologies highlighted include QUAKERCOOL® series coolants and QUAKERCOAT® protective coatings. Quaker Houghton emphasizes improving productivity and reducing operating costs through its innovative solutions.

Quaker Houghton (NYSE: KWR) announced its second quarter earnings release for August 3, 2021, after market close. An investor teleconference is scheduled for August 4, 2021, at 7:30 a.m. ET. Interested participants can join the call via phone or live audio webcast on their website. For those unable to attend live, digital replay options will be available until August 10, 2021. This earnings release comes as Quaker Houghton continues to serve a diverse clientele in industrial process fluids across various sectors, employing about 4,200 professionals globally.

Quaker Houghton (NYSE: KWR), a leader in industrial process fluids, will showcase its innovative and sustainable steel process fluid solutions at AISTech 2021 from June 29 to July 1 in Nashville. Featured products include hydraulic fluids, lubricants, and fire-resistant fluids designed for efficiency and safety in steel manufacturing. The company also sponsors the AIST President's Reception, highlighting its commitment to the steel industry. Visit their booth 1603 for insights into improving productivity and minimizing waste.

Quaker Houghton (NYSE: KWR) will showcase its advanced technologies at Aeromat 2021 from May 24-26, 2021, focusing on comprehensive solutions for the aerospace industry. Highlights include HOCUT^® 795 B, a leading coolant for machining, and AQUA-QUENCH^® 260, an oil-free quenchant. The company will also present QH FLUIDTREND™, a cloud-based software for real-time monitoring. On May 25, Ron Weigel will host a webinar on enhancing productivity through advanced fluids and monitoring solutions.

Quaker Houghton (NYSE: KWR) has declared a quarterly dividend of $0.395 per share, payable on July 30, 2021. Shareholders of record as of July 16, 2021 will receive this dividend. The company, a global leader in industrial process fluids, operates in over 25 countries and serves numerous advanced sectors, including automotive and aerospace. With approximately 4,200 employees, Quaker Houghton emphasizes innovative and sustainable solutions, enhancing operational efficiency for its diverse clientele.