Quaker Houghton Q4 net sales $467M, EPS $1.12; adj EBITDA up 13%, initiates $150M buyback

QUAKER CHEMICAL CORP

2023-FY EPS reported $6.26 revenue$1,953,313,000

Q4 net sales $467.1M (-4% YoY); GAAP EPS $1.12; non-GAAP EPS $1.78.
Record full-year adjusted EBITDA $320.4M; operating cash flow $279M vs $41.8M in 2022.
Board authorized $150M share repurchase program, effective immediately, no expiration.
Acquired I.K.V. Tribologie (IKVT) for €27M (~$29.1M) in Feb 2024; adds high-performance lubes.
Net debt/adj EBITDA 1.8x; gross debt $755.6M, cash $194.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUAKER CHEMICAL CORP reported the fourth quarter and full year ended December 31, 2023 results: revenue Q4'23 net sales of $467.1 million, net income net income of $20.2 million, EPS earnings per diluted share of $1.12.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: Q4'23 net sales of $467.1 million
Net income: net income of $20.2 million
EPS: earnings per diluted share of $1.12
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 FOURTH QUARTER AND FULL YEAR 2023 RESULTS • Q4’23 net sales of $467.1 million, net income of $20.2 million and earnings per diluted share of $1.12 • Q4’23 non-GAAP net income of $31.9 million and non-GAAP earnings per diluted

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Source: SEC EDGAR

accession 0000081362-24-000019

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