earnings
confidence high
sentiment negative
materiality 0.75
Quaker Houghton Q3 net sales down 6% to $462.3M; non-GAAP EPS $1.89 vs $2.05
QUAKER CHEMICAL CORP
2024-Q3 EPS reported
$5.70
revenue$1,395,600,000
- Net sales $462.3M, down 6% YoY; net income $32.3M ($1.81 diluted EPS) from $33.7M ($1.87).
- Non-GAAP net income $34.0M, non-GAAP EPS $1.89 vs $2.05; adjusted EBITDA $78.6M (17.0% margin).
- Americas net sales $220.3M (-10% YoY) driven by volume and pricing headwinds; EMEA $134.1M (-4%); Asia/Pacific $107.9M (+3%).
- Management expects soft market conditions to persist through year-end; focusing on cost discipline and new business wins.