secwatch.observer — SEC 8-K summary
======================================

Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000081362-23-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000008136223000053/0000081362-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000008136223000053/kwr-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000081362-23-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer