Quaker Houghton Q2 2023 net sales $495.4M, adj. EBITDA $80.2M up 37% YoY

QUAKER CHEMICAL CORP

2023-Q2 EPS reported $3.27 revenue$995,592,000

Net income $29.3M ($1.63 diluted EPS) vs $14.3M ($0.80) YoY; non-GAAP EPS $1.93.
Adjusted EBITDA $80.2M (+37% YoY) driven by margin improvement; operating cash flow $116.1M YTD.
Net sales flat at $495.4M (+1%); volume down 10% YoY, selling price/mix up 11%.
Americas net sales $253.2M (+7% YoY); EMEA flat; Asia/Pacific down 11%.
Net debt to adjusted EBITDA improved to 2.3x; total gross debt $885.1M, cash $189.4M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

QUAKER CHEMICAL CORP reported second quarter ended June 30, 2023 results: revenue $495.4 million, net income $29.3 million, EPS $1.63 per diluted share.

Period: second quarter ended June 30, 2023
Revenue: $495.4 million
Net income: $29.3 million
EPS: $1.63 per diluted share
Result: reported results

Exact text from the filing

Vice President, Investor Relations investor@quakerhoughton.com T. 1.610.832.4087 For Release: Immediate QUAKER HOUGHTON ANNOUNCES SECOND QUARTER 2023 RESULTS • Net sales of $495.4 million in Q2’23, an increase of 1% compared to Q2’22 driven by value-based pricing initiatives • Q2’23 net income of $29.3 million and earnings per diluted share of $1.63 • Q2’23

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Source: SEC EDGAR

accession 0000081362-23-000053

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