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Sep 30, 2023
Quaker Chemical Q3 2023 Earnings Report
Quaker Houghton's Q3 2023 results were announced, featuring increased profitability and double-digit earnings growth.
Key Takeaways
Quaker Houghton reported Q3 2023 net sales of $490.6 million, net income of $33.7 million, and EPS of $1.87. Non-GAAP net income was $36.9 million, with non-GAAP EPS at $2.05. Adjusted EBITDA increased by 20% to $84.4 million, and the company generated $199.5 million in operating cash flow year-to-date.
Net sales reached $490.6 million.
Net income was reported at $33.7 million, with earnings per diluted share at $1.87.
Adjusted EBITDA increased by 20% to $84.4 million.
Approximately $199.5 million of operating cash flow was generated year-to-date.
Revenue by Geographic Location
Forward Guidance
Quaker Houghton expects current unsettled market conditions, primarily in the Americas and EMEA, to continue through year end and is confident in the future.
Positive Outlook
- Committed to advancing enterprise strategy.
- Partnering with customers to provide value-added services and solutions.
- Positioning the organization to build upon market-leading position.
- Differentiating customer intimacy model.
- Accelerating new business wins.
Challenges Ahead
- Current unsettled market conditions expected to continue.
- Conditions primarily in the Americas and EMEA.
- Challenging end market environment.
- Softer market conditions.
- Wind-down of tolling agreement in EMEA.
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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