secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001104659-22-086186
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaker Houghton Q2 record sales $492.4M (+13%), net income drops to $14.3M; adjusted EBITDA $58.5M
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- Record net sales of $492.4M, up 13% YoY, driven by 22% price/mix increase partially offset by 4% volume decline and 6% FX headwind.
- Reported net income $14.3M ($0.80 EPS) vs $33.6M ($1.88 EPS) in Q2 2021; non-GAAP EPS $1.32 vs $1.82.
- Adjusted EBITDA $58.5M, down from $70.1M prior year, due to raw material inflation and macro disruptions.
- Successfully amended credit agreement extending maturity to June 2027; net debt $786.8M, leverage 3.2x.
- CEO expects sequential gross margin expansion and earnings growth in H2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000110465922086186/0001104659-22-086186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000110465922086186/tm2222545d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-086186

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