Quaker Houghton Reports 2024 Financial Results

Quaker Chemical ( (KWR) ) has released its Q4 earnings. Here is a breakdown of the information Quaker Chemical presented to its investors.

Quaker Houghton is a global leader in industrial process fluids, serving specialized industries such as steel, automotive, and aerospace with innovative and sustainable solutions.

In its latest earnings report, Quaker Houghton announced its financial results for the fourth quarter and full year of 2024, highlighting a challenging year marked by a decrease in net sales and net income compared to the previous year. Despite these challenges, the company managed to maintain strong cash flow and continued to invest in strategic growth initiatives.

For the fourth quarter of 2024, Quaker Houghton reported net sales of $444.1 million, a 5% decrease from the same period in 2023. The company’s net income for the quarter was $14.2 million, or $0.81 per diluted share, down from $20.2 million, or $1.12 per diluted share, in the previous year. The full-year results showed net sales of $1.84 billion and net income of $116.6 million, with earnings per diluted share of $6.51. The company also noted a decrease in adjusted EBITDA, which was $64.8 million for the fourth quarter and $310.9 million for the full year.

Strategically, Quaker Houghton completed two acquisitions during the year and returned $82.4 million to shareholders through dividends and share repurchases. The company faced challenges in the Americas and EMEA regions due to soft market conditions, but saw growth in the Asia/Pacific segment driven by new business wins and strategic acquisitions.

Looking ahead, Quaker Houghton aims to focus on sustained growth and operational efficiency by advancing its enterprise strategy and reducing complexity. The company expects these efforts to result in cost savings and improved competitiveness, positioning it for revenue and earnings growth in 2025.