Quaker Houghton Q1 net sales record $500.1M, adjusted EBITDA up 30% YoY

QUAKER CHEMICAL CORP

2023-Q1 EPS reported $1.64 revenue$500,148,000

Net sales $500.1M (+5% YoY) driven by 19% price/mix; volumes down 11% due to softer markets and Ukraine war.
Net income $29.5M ($1.64 diluted EPS); non-GAAP net income $34.0M ($1.89 EPS).
Adjusted EBITDA $78.8M (+30% YoY) on margin recovery and higher sales.
Americas segment net sales $251.4M (+18.5% YoY); Asia/Pacific fell 16.5% to $96.3M.
Operating cash flow $37.8M vs. -$6.3M a year ago; net debt to adjusted EBITDA 2.7x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

QUAKER CHEMICAL CORP reported the first quarter ended March 31, 2023 results: revenue $500.1 million, net income $29.5 million, EPS $1.64.

Period: the first quarter ended March 31, 2023
Revenue: $500.1 million
Net income: $29.5 million
EPS: $1.64
Result: reported results

Exact text from the filing

President, Investor Relations investor@quakerhoughton.com T. 1.610.832.4087 For Release: Immediate QUAKER HOUGHTON ANNOUNCES FIRST QUARTER 2023 RESULTS • Record net sales of $500.1 million in Q1’23, an increase of 5% compared to Q1’22 driven by value-based pricing initiatives • Q1’23 net income of $29.5 million and earnings per diluted share of $1.64 • Q1’23

View on SEC.gov

Browse all earnings releases →

QUAKER CHEMICAL CORP filing history →

Source: SEC EDGAR

accession 0000081362-23-000033

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.