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Quaker Chemical Corporation (NYSE:KWR ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Jeffrey Schnell - Vice President of Investor Relations Andy Tometich - President and CEO Tom Coler - EVP and CFO Robert Traub - General Counsel Conference Call Participants Mike Harrison - Seaport Research Partners David Begleiter - Deutsche Bank Dan Rizzo - Jefferies Arun Viswanathan - RBC Capital Markets Jon Tanwanteng - CJS Securities Charles Neivert - Piper Sandler Operator Greetings, and welcome to the Quaker Houghton's Second Quarter 2024 Earnings Conference Call. A brief question-and-answer session will follow the formal presentation.

Although the revenue and EPS for Quaker Chemical (KWR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Quaker Chemical (KWR) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $1.93 per share a year ago.

Q2'24 net sales of $463.6 million, net income of $34.9 million and earnings per diluted share of $1.94 Q2'24 non-GAAP net income of $38.2 million and non-GAAP earnings per diluted share of $2.13 Delivered adjusted EBITDA of $84.3 million in Q2'24, a 5% increase compared to $80.2 million in Q2'23 Gross margins improved 200 basis points compared to the prior year, the 8th consecutive quarterly year-over-year increase Generated $73.5 million of operating cash flow YTD; Increased cash dividend by 6.6% CONSHOHOCKEN, Pa. , Aug. 5, 2024 /PRNewswire/ -- Quaker Houghton ("the Company") (NYSE: KWR), the global leader in industrial process fluids, announced its second quarter 2024 results today.

CONSHOHOCKEN, Pa. , July 31, 2024 /PRNewswire/ -- Quaker Houghton (NYSE: KWR) today announced the appointment of two new independent directors, Nandita Bakhshi and Lucrèce Foufopoulos-De Ridder, to the company's Board of Directors, effective immediately.

CONSHOHOCKEN, Pa., July 31, 2024 /PRNewswire/ -- The Board of Directors of Quaker Houghton (NYSE: KWR) today declared a $0.485 per share quarterly cash dividend, an increase of approximately 7% over the prior dividend.

CONSHOHOCKEN, Pa. , July 22, 2024 /PRNewswire/ -- Quaker Houghton (NYSE: KWR) today announced the following schedule and contact information for its second quarter 2024 earnings release and investor call.

The facility will play a significant part in Quaker's (KWR) global supply chain, strengthening the company's position as a market leader in industrial process fluids.

CONSHOHOCKEN, Pa. , July 11, 2024 /PRNewswire/ -- Quaker Houghton ("the Company"; NYSE: KWR), a global leader in industrial process fluids, today celebrated breaking ground on its new state-of-the-art manufacturing facility in Zhangjiagang, China.

Investors need to pay close attention to Quaker Chemical (KWR) stock based on the movements in the options market lately.