NYSE$KWR
Quaker Chemical Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Quaker Houghton's Q3 2024 financial performance reflected resilience amidst softening end market conditions, with consistent volumes driven by new business wins.
Quaker Houghton reported Q3 2024 net sales of $462.3 million, a 6% decrease compared to Q3 2023. Net income was $32.3 million, or $1.81 per diluted share. Non-GAAP net income was $34.0 million, or $1.89 per diluted share. The company generated adjusted EBITDA of $78.6 million with a margin of 17.0%.
- Net sales decreased by approximately 6% compared to the third quarter of 2023, primarily due to lower selling prices and product mix, and a decline in sales volumes.
- Net income decreased slightly to $32.3 million, or $1.81 per diluted share, compared to $33.7 million, or $1.87 per diluted share, in the third quarter of 2023.
- Adjusted EBITDA decreased by 7% to $78.6 million, driven by the decline in net sales.
- The company repurchased 89,088 shares for approximately $14.6 million during the quarter.
Headline financials
Revenue & EPS history
Quaker Chemical · Revenue · Quarterly
$462M
Forward guidance
The company anticipates current difficult market conditions will likely persist through the end of the year.
Tailwinds
- Focus remains on executing on what we can control
- Driving efficiencies and productivity for our Company and our customers
- Confident in the long-term positive fundamentals of the industry we serve
- Investments will strengthen our ability to continue to deliver above market growth, especially as end markets recover
- Balance sheet and cash generation remain strong, providing avenues to accelerate our growth and enhance shareholder value
Headwinds
- Anticipate the current difficult market conditions will likely persist through the end of the year
- End market conditions softened compared to the second quarter of 2024
- Americas and EMEA segments continue to be impacted by a continuation of softer end market conditions, for metal and metalworking applications, compared to the prior year
- Operating earnings decreased in all segments in the third quarter of 2024 compared to the prior year
- Operating earnings and operating margins declined in all segments in the third quarter of 2024 compared to the second quarter of 2024
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+1.5%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+0.4%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+20.6%
Q2 2022
Best reaction
-10.0%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | +5.1% | +7.4% | |
| Q4 2025 | +1.1% | -13.5% | -25.8% | |
| Q3 2025 | +5.5% | +7.1% | +9.6% | |
| Q1 2025 | -2.6% | -5.8% | +2.3% | |
| Q4 2024 | +2.6% | -1.2% | -7.8% | |
| Q3 2024 | +4.2% | +3.9% | +2.0% | |
| Q2 2024 | -6.5% | -8.0% | -3.3% | |
| Q1 2024 | -1.0% | -0.2% | -3.3% | |
| Q4 2023 | +0.5% | -0.2% | +4.1% | |
| Q3 2023 | +13.0% | +14.6% | +28.9% | |
| Q2 2023 | -5.3% | -9.1% | -11.4% | |
| Q1 2023 | +11.3% | +11.5% | +7.8% | |
| Q4 2022 | +0.6% | +0.5% | -5.0% | |
| Q3 2022 | +6.4% | +19.1% | +25.1% | |
| Q2 2022 | +20.6% | +21.3% | +8.7% | |
| Q1 2022 | -2.8% | -13.4% | -5.1% | |
| Q4 2021 | -3.4% | -10.9% | -4.2% | |
| Q3 2021 | +3.6% | +3.9% | -12.3% | |
| Q2 2021 | -1.9% | +2.8% | +4.3% | |
| Q1 2021 | -0.7% | -1.6% | -1.5% | |
| Q4 2020 | -4.2% | -5.3% | -20.1% | |
| Q3 2020 | +8.9% | +22.6% | +24.2% | |
| Q2 2020 | -1.8% | +1.5% | -2.6% | |
| Q1 2020 | +7.6% | +3.8% | +21.8% | |
| Q4 2019 | +1.1% | +0.1% | -28.9% | |
| Q3 2019 | -4.2% | -7.6% | -0.6% | |
| Q2 2019 | -10.0% | -10.5% | -15.2% | |
| Q1 2019 | -3.3% | -6.6% | -18.6% | |
| Q4 2018 | -0.5% | -3.5% | -4.6% | |
| Q3 2018 | +13.3% | +13.7% | +14.6% | |
| Q2 2018 | +10.0% | +3.2% | +10.0% | |
| Q1 2018 | -2.0% | -2.4% | +3.3% | |
| Q4 2017 | +1.1% | -0.7% | -2.1% | |
| Q3 2017 | +4.8% | +3.9% | +8.1% | |
| Q2 2017 | -3.9% | -5.4% | -8.2% | |
| Q1 2017 | -0.5% | +0.0% | -3.6% | |
| Q4 2016 | +2.9% | +0.8% | -2.4% | |
| Q3 2016 | +1.9% | +2.3% | +20.0% | |
| Q2 2016 | -0.1% | +0.1% | +1.1% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | +6.1% | — | — | |
| Q3 2015 | +5.1% | — | — | |
| Q2 2015 | +16.0% | — | — | |
| Q1 2015 | -5.5% | — | — | |
| Q4 2014 | -7.0% | — | — | |
| Q3 2014 | +8.7% | — | — | |
| Q2 2014 | -0.3% | — | — | |
| Q1 2014 | -2.7% | — | — | |
| Q4 2013 | +6.8% | — | — | |
| Q3 2013 | -3.1% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q1 2013 | +8.6% | — | — | |
| Q4 2012 | +1.9% | — | — | |
| Q3 2012 | +11.6% | — | — | |
| Q2 2012 | +2.8% | — | — | |
| Q1 2011 | -1.6% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2009 | -1.6% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q3 2010 | +3.5% | — | — | |
| Q3 2011 | +3.5% | — | — | |
| Q4 2010 | -4.3% | — | — | |
| Q2 2010 | -4.3% | — | — | |
| Q2 2011 | -4.3% | — | — | |
| Q1 2010 | -6.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro