earnings
confidence high
sentiment positive
materiality 0.75
Quaker Houghton Q2 net sales $463.6M (-6%); EPS $1.94; adj. EPS $2.13; EBITDA up 5%; dividend +6.6%
QUAKER CHEMICAL CORP
2024-Q2 EPS reported
$3.89
revenue$933,326,000
- Net sales $463.6M, down 6% YoY due to index-based pricing (-4%) and slight volume decline (-1%).
- GAAP EPS $1.94 vs $1.63; non-GAAP EPS $2.13 vs $1.93; adjusted EBITDA $84.3M, +5% YoY.
- Gross margins improved 200 bps YoY, 8th consecutive quarterly increase; operating margins up in all segments.
- Americas sales -12% YoY, EMEA -4%, Asia/Pacific +3% on volume improvement and new business wins.
- Declared 6.6% dividend increase; repurchased $7.8M in shares; net debt/EBITDA 1.7x.