Quaker Houghton reports Q1 adjusted EPS $1.58, consensus $1.57

Reports Q1 revenue $442.9M, consensus $454.75M. Joe Berquist, Chief Executive Officer and President, commented, “First quarter results improved compared to the prior quarter despite a further contraction in end market conditions. The improvement in our earnings from the previous quarter was driven by a combination of share gains, improved margins and our cost and optimization actions, which will continue to benefit the Company in the coming quarters. Volumes in our Asia/Pacific segment once again grew on a year-over-year basis while underlying end market demand remains below prior levels in all regions. I am pleased with the progress we are making on several of our strategic objectives, including the acquisitions of Dipsol Chemicals and Natech, which provide more avenues for growth in 2025 and beyond. Looking ahead, there is a great deal of uncertainty impacting near-term demand in our end markets, which we now expect will persist at least into the second half of the year. Considering the context of the current economic environment, we expect revenue and earnings will be in-line with 2024. This is supported by the confidence in our ability to sustain above market growth by executing on our enterprise strategy, better leveraging our scale, and recent acquisitions. We have strengthened our financial profile and believe our proximity to our customers and “local for local” supply chain capabilities positions us well to mitigate the direct impacts to our business from tariffs, while minimizing the impacts to our customers.”