Quaker Chemical ( (KWR) ) has released its Q3 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 various sectors such as steel, aluminum, automotive, aerospace, and more, with innovative and sustainable solutions supported by advanced technology and deep process knowledge.
The company recently announced its third quarter 2024 results, revealing a decline in net sales compared to the previous year. Despite the challenging market conditions, Quaker Houghton maintained consistent volumes due to new business wins and continued operational focus.
In the third quarter of 2024, Quaker Houghton reported net sales of $462.3 million, a decrease from $490.6 million in the same quarter of 2023. The net income for the period was $32.3 million, or $1.81 per diluted share, a slight reduction from the previous year’s figures. The company’s adjusted EBITDA also saw a decline, attributed to reduced net sales. However, Quaker Houghton sustained a robust operating cash flow and maintained a healthy net leverage ratio.
Segment-wise, the Asia/Pacific region showed some growth, while the Americas and EMEA faced reduced sales due to softer market conditions. The company continues to focus on operational efficiencies and cost management to counterbalance market headwinds.
Looking forward, Quaker Houghton expects challenging market conditions to persist but remains optimistic about long-term industry fundamentals. The company plans to continue its strategic investments to enhance growth and shareholder value, leveraging its strong cash generation and balanced financial position.
