secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000081362-24-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000008136224000057/0000081362-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000008136224000057/kwr-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000081362-24-000057

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