secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001104659-21-099479
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaker Houghton Q2 2021: record sales $435M, net income $33.6M, adj EBITDA $70.1M, reaffirms FY guidance
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- Net sales of $435.3M increased 52% YoY; net income of $33.6M vs net loss of $7.7M in Q2 2020.
- Non-GAAP EPS of $1.82 vs $0.21; adjusted EBITDA of $70.1M up 118% YoY.
- Gross margin 35.5% improved YoY but down sequentially from 36.3% in Q1 due to raw material cost increases.
- Year-to-date operating cash outflow $9.6M vs inflow $44.7M in prior period due to working capital build.
- Reaffirmed full-year adjusted EBITDA floor guidance; expects gross margin to improve in Q4 after further price increases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000110465921099479/0001104659-21-099479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000110465921099479/tm2123924d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-099479

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