secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000081362-24-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaker Houghton Q2 net sales $463.6M (-6%); EPS $1.94; adj. EPS $2.13; EBITDA up 5%; dividend +6.6%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000008136224000117/0000081362-24-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000008136224000117/kwr-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000081362-24-000117

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