secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000081362-23-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000008136223000033/0000081362-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000008136223000033/kwr-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000081362-23-000033

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