Quaker Chemical (KWR) Q1 2024 net sales $469.8M (-6% YoY); adj. EBITDA up 6% to $83.3M

QUAKER CHEMICAL CORP

2024-Q1 EPS reported $1.95 revenue$469,759,000

GAAP diluted EPS $1.95 vs $1.64 prior year; non-GAAP EPS $2.09 vs $1.89.
Net sales $469.8M, down 6% YoY driven by price/mix (-5%) and volumes (-1%); Asia/Pacific volumes up double-digits.
Gross margin improved 400 bps YoY (7th consecutive quarterly increase).
Adjusted EBITDA $83.3M (+6% YoY); operating cash flow $27.2M vs $37.8M.
Net debt $573.8M, leverage ~1.8x; management confident in volume and earnings growth for 2024.

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 0.98

QUAKER CHEMICAL CORP reported the first quarter ended March 31, 2024 results: revenue $469.8 million, net income $35.2 million, EPS $1.95.

Period: the first quarter ended March 31, 2024
Revenue: $469.8 million
Net income: $35.2 million
EPS: $1.95
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 FIRST QUARTER 2024 RESULTS • Q1’24 net sales of $469.8 million , net income of $35.2 million and earnings per diluted share of $1.95 • Q1’24 non-GAAP net income of $37.7 million and non-GAAP earnings per diluted share of $2.09 • Delivered

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Source: SEC EDGAR

accession 0000081362-24-000057

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