Quaker Houghton posts Q3 net income $33.7M, adjusted EBITDA up 20% YoY to $84.4M

QUAKER CHEMICAL CORP

2023-Q3 EPS reported $5.14 revenue$1,486,204,000

Q3 net sales $490.6M, flat YoY; volume down 4% offset by price/mix up 2% and FX 2%.
Diluted EPS $1.87 vs $1.44 prior year; non-GAAP diluted EPS $2.05.
Adjusted EBITDA $84.4M (+20% YoY) on higher gross margins across all segments.
YTD operating cash flow $199.5M vs -$26.3M; net debt/EBITDA improved to 2.0x.
Segment operating earnings all up: Americas $69.1M, EMEA $27.9M, Asia/Pacific $31.0M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

QUAKER CHEMICAL CORP reported third quarter ended September 30, 2023 results: revenue $490.6 million, net income $33.7 million, EPS $1.87.

Period: third quarter ended September 30, 2023
Revenue: $490.6 million
Net income: $33.7 million
EPS: $1.87
Result: reported results

Exact text from the filing

Q3’23 net sales of $490.6 million , net income of $33.7 million and earnings per diluted share of $1.87

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Source: SEC EDGAR

accession 0000081362-23-000069

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