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Mar 31, 2023
Quaker Chemical Q1 2023 Earnings Report
Quaker Houghton's Q1 2023 performance reflected record net sales and improved profitability.
Key Takeaways
Quaker Houghton announced record net sales of $500.1 million for Q1 2023, a 5% increase compared to Q1 2022. The company reported net income of $29.5 million, or $1.64 per diluted share, and non-GAAP earnings per diluted share of $1.89. Adjusted EBITDA increased by 30% to $78.8 million, driven by higher net sales and improved gross margins.
Achieved record net sales of $500.1 million in Q1 2023, up 5% year-over-year.
Reported Q1 2023 net income of $29.5 million, with earnings per diluted share at $1.64.
Delivered adjusted EBITDA of $78.8 million in Q1 2023, a 30% increase compared to the previous year.
Generated $37.8 million in operating cash flow during Q1 2023.
Revenue by Geographic Location
Forward Guidance
The company is encouraged by its Q1 results despite complexities and uncertainties in the current operating environment, which are likely to persist through 2023. They will continue to prioritize investments in strategic initiatives to increase customer solutions, lead in sustainability, and enhance their differentiated customer intimate model.
Positive Outlook
- Continued execution on key financial and operational priorities
- Commitment to strengthening our business to continue to deliver profitable growth ahead of the market.
- Prioritize investments in strategic initiatives to increase customer solutions
- Lead in sustainability
- Enhance differentiated customer intimate model
Challenges Ahead
- Complexities and uncertainties in the current operating environment are likely to persist
- Softer market conditions, especially in Asia/Pacific and EMEA
- Impact of the war in Ukraine
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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