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Jun 30, 2023
Quaker Chemical Q2 2023 Earnings Report
Quaker Houghton's Q2 2023 results were released, showing increased net sales and improved profitability.
Key Takeaways
Quaker Houghton reported a 1% increase in net sales to $495.4 million, driven by value-based pricing. Net income rose to $29.3 million, or $1.63 per diluted share, while adjusted EBITDA increased by 37% to $80.2 million.
Net sales reached $495.4 million, a 1% increase compared to Q2 2022, driven by value-based pricing initiatives.
Net income was reported at $29.3 million, with earnings per diluted share of $1.63.
Non-GAAP net income was $34.8 million, with non-GAAP earnings per diluted share of $1.93.
Adjusted EBITDA increased by 37% to $80.2 million compared to $58.5 million in Q2 2022.
Revenue by Geographic Location
Forward Guidance
The company expects the uneven market conditions to persist through the end of the year and will focus on strengthening the business, delivering value to customers, and advancing strategic initiatives to drive earnings and cash flow growth.
Positive Outlook
- Investing to strengthen the business
- Delivering value to customers
- Advancing our strategic initiatives
- Delivering strong year-over-year growth in earnings
- Delivering strong year-over-year growth in cash flow
Challenges Ahead
- Current uneven end market environment will persist at least through the end of the year.
- Softer market conditions
- Impact of the war in Ukraine in the EMEA segment
- Uncertainties related to downturns in a customer's business
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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