secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0000081362-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaker Houghton Q4 net loss $76M on $93M goodwill impairment; non-GAAP EPS $1.39
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- Q4 net sales $484.8M (+8% YoY) driven by 24% price/mix; volumes down 10%.
- Full year 2022 net sales record $1.94B; net loss $15.9M vs net income $121.4M in 2021.
- Non-GAAP Q4 EPS $1.39 vs $1.29 YoY; adjusted EBITDA $67.9M (+12% YoY).
- EMEA segment goodwill impairment of $93M due to inflation, rising rates, Ukraine war.
- Operating cash flow $68.1M in Q4; net debt to adjusted EBITDA 3.0x at year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000008136223000013/0000081362-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000008136223000013/kwr-20230223.htm
  HTML page:      https://secwatch.observer/filing/0000081362-23-000013

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