earnings
confidence high
sentiment negative
materiality 0.75
Quaker Houghton Q1 net sales record $474.2M, but EPS down 48% to $1.11; adj. EBITDA falls 22%
QUAKER CHEMICAL CORP
2022-Q1 EPS reported
$1.11
revenue$474,171,000
- Record net sales of $474.2M, up 10% YoY; selling prices rose 17% but organic volumes fell 6%.
- GAAP EPS $1.11 vs $2.15 prior year; non-GAAP EPS $1.42 vs $2.11.
- Adjusted EBITDA $60.4M, down 22% vs $77.1M in Q1 2021, due to raw material cost pressures.
- Net operating cash outflow $6.3M; net debt/EBITDA leverage increased to 3.0x from 2.7x.
- Completed two small acquisitions for aggregate ~$9.4M in Q1; no guidance provided.