secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000081362-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000008136224000019/0000081362-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000008136224000019/kwr-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000081362-24-000019

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