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 (NYSE: KWR) has appointed Melissa Leneis as Senior Vice President and Chief Human Resources Officer, effective July 5, 2022. In her role, Leneis will oversee the global Human Resources organization, addressing areas like talent management and diversity initiatives. Andy Tometich, CEO, emphasized her extensive experience in leading global HR organizations, stating that she will be pivotal in attracting and retaining talent essential for the company's strategic goals. Prior to this, Leneis held HR leadership positions at InterDigital, Johnson Controls, and Lockheed Martin.
SIFCO ASC has launched the Advanced Solution Control System (ASCS), a portable plating system featuring dripless technology. This innovative system improves safety and environmental conditions by recycling chemical solutions through SMART tools, reducing waste and exposure to harmful substances. The ASCS offers increased automation, optimizing cycle times and minimizing human errors. Available in two sizes, Nano and Prime, the ASCS caters to both basic and complex plating operations, showcasing SIFCO ASC's commitment to enhancing selective plating technology.
Quaker Houghton (NYSE: KWR) announced that CEO Andy Tometich and CFO Shane Hostetter will present at Deutsche Bank's 13th Annual Global Materials Conference in New York City on June 9, 2022, at 11:15 a.m. EDT. The presentation will be accessible via a live webcast on the company's investor website. Quaker Houghton is recognized as a global leader in industrial process fluids, serving clients across diverse sectors including steel, automotive, and aerospace. Headquartered in Conshohocken, Pennsylvania, Quaker Houghton employs approximately 4,700 industry experts dedicated to enhancing operational efficiency.
Quaker Houghton, a leader in industrial process fluids, emphasizes its commitment to the steel industry at the AISTech Conference from May 16-18, 2022, in Pittsburgh. The company will showcase innovative products and solutions, including QH FLUID INTELLIGENCE™ and fire-resistant lubricants. Experts will present research papers, addressing lubrication and environmental safety. Quaker Houghton operates in over 25 countries, providing tailored solutions to enhance efficiency in steel manufacturing.
Quaker Houghton (NYSE: KWR) declared a quarterly cash dividend of $0.415 per share, to be paid on July 29, 2022. Shareholders of record as of July 15, 2022 will receive this payment. As a global leader in industrial process fluids, Quaker Houghton operates in over 25 countries and serves various advanced industries, including steel and automotive. The company focuses on innovative and sustainable solutions, supported by approximately 4,700 employees across its operations.
Quaker Houghton (NYSE: KWR) reported record net sales of $474.2 million, a 10% increase from last year, driven by a 17% rise in selling prices. However, net income fell to $19.8 million or $1.11 per diluted share, down from $38.6 million or $2.15 per share. Adjusted EBITDA also dropped to $60.4 million from $77.1 million. The decrease in organic sales volumes (down 6%) and increased costs due to inflation are notable challenges. The company continues to navigate supply chain disruptions and geopolitical issues while focusing on strategic pricing actions.
Quaker Houghton (NYSE: KWR) and SIFCO ASC will showcase their innovative solutions for offshore oil and gas challenges at the Offshore Technology Conference from May 2-5, 2022, in Houston, TX. Their offerings include STACK MAGIC® control fluids, HOUGHTO-SAFE® hydraulic fluids, SIFCO PROCESS® electroplating, and SynDeck™ marine coatings, all designed to enhance performance while addressing cost and environmental pressures in the industry. This event aims to connect with clients and highlight their commitment to efficient and sustainable offshore operations.
Quaker Houghton (KWR) has scheduled its first quarter 2022 earnings release for May 5, 2022 after the market closes. The subsequent investor call is set for May 6, 2022 at 8:30 a.m. (ET). Investors can join via phone or listen to the live audio webcast on the company’s investor relations website. The dial-in number is +1-877-269-7756 (toll-free) and +1-201-689-7817 (toll). A digital replay will be available until May 13, 2022. Quaker Houghton is a leading global provider in industrial process fluids.
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Quaker Houghton will showcase its portfolio of innovative metal finishing and metalworking solutions at Extrusion Technology 2022 in Orlando, FL from May 3-5, 2022. The company aims to address industry challenges such as quality, corrosion protection, and safety. Featured products include HOUGHTO-ETCH™, HOUGHTO-COLOR™, and HOUGHTO-SEAL™. Experts from Quaker Houghton will deliver presentations on water-based metalworking fluid development and anodized aluminum coating thickness. The event highlights Quaker Houghton's role as a leader in metalworking solutions.