---
schema_version: "secwatch.filing_event.v1"
accession: "0000081362-23-000033"
form_type: "8-K"
ticker: "KWR"
cik: "0000081362"
company_name: "QUAKER CHEMICAL CORP"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:45:18.955821+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000081362-23-000033
- form_type: 8-K
- ticker: KWR
- cik: 0000081362
- company_name: QUAKER CHEMICAL CORP
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/81362/000008136223000033/0000081362-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81362/000008136223000033/kwr-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000081362-23-000033
- JSON: https://secwatch.observer/filing/0000081362-23-000033.json
- Plain text: https://secwatch.observer/filing/0000081362-23-000033.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/81362/000008136223000033/0000081362-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.