earnings
confidence high
sentiment neutral
materiality 0.90
Quaker Houghton reports record Q3 2021 net sales of $449.1M, net income $31.1M
QUAKER CHEMICAL CORP
2021-Q3 EPS reported
$5.76
revenue$1,314,117,000
- Net sales rose 22% to $449.1M vs Q3 2020, driven by 10% organic volume growth and price/mix gains of 10%
- Non-GAAP EPS of $1.63 increased 5% from $1.56 in Q3 2020; reported EPS was $1.73
- Adjusted EBITDA of $66.2M up 3% from $63.9M in Q3 2020, with trailing twelve-month adjusted EBITDA at $279M
- Invested $13M in three acquisitions (Grindaix, 3-S assets, Baron) expected to add $2M full-year adjusted EBITDA in 2022
- Gross margin fell to 32.3% from 35.5% sequentially due to unprecedented raw material cost inflation; price increases ongoing