Quaker Chemical Files Q3 2024 10-Q

TL;DR

Quaker Chemical's Q3 10-Q is in, check the financials for the latest performance.

AI Summary

Quaker Chemical Corp. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter and the year-to-date period. Specific financial figures and operational highlights are presented within the report.

Why It Matters

This filing provides investors and analysts with the latest financial performance data for Quaker Chemical, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that can reveal both positive and negative trends, impacting investment decisions.

Key Numbers

• 20240930 — Period End Date (Indicates the end of the reporting fiscal quarter.)
• 20241031 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• QUAKER CHEMICAL CORP (company) — Filer of the 10-Q
• 20240930 (date) — Period of report
• 20241031 (date) — Filing date
• PA (location) — State of incorporation and business address
• CONSHOHOCKEN (location) — City of business address

FAQ

Key Financial Figures

• $1 — ange on which registered Common Stock, $1 par value KWR New York Stock Exchange

Filing Documents

• kwr-20240930.htm (10-Q) — 1354KB
• kwr2024q3-exx311.htm (EX-31.1) — 10KB
• kwr2024q3-exx312.htm (EX-31.2) — 10KB
• kwr2024q3-exx321.htm (EX-32.1) — 3KB
• kwr2024q3-exx322.htm (EX-32.2) — 3KB
• 0000081362-24-000134.txt ( ) — 7839KB
• kwr-20240930.xsd (EX-101.SCH) — 46KB
• kwr-20240930_cal.xml (EX-101.CAL) — 83KB
• kwr-20240930_def.xml (EX-101.DEF) — 214KB
• kwr-20240930_lab.xml (EX-101.LAB) — 625KB
• kwr-20240930_pre.xml (EX-101.PRE) — 453KB
• kwr-20240930_htm.xml (XML) — 1288KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 2 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and September 30, 2023 2 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2024 and September 30, 2023 3 Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and September 30, 2023 5 Condensed Consolidated Statements of Changes in Equity for the Three and Nine Months Ended September 30, 2024 and September 30, 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 21 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk. 33 Item 4.

Controls and Procedures

Controls and Procedures. 33 PART II OTHER INFORMATION. Item 1. Legal Proceedings. 34 Item 1A. Risk Factors. 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 34

Other Information

Item 5. Other Information. 34 Item 6. Exhibits. 35 Signatures . 36 1 Table of Contents PART I FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited). Quaker Chemical Corporation Condensed Consolidated Statements of Operations (Unaudited; Dollars in thousands, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net sales $ 462,274 $ 490,612 $ 1,395,600 $ 1,486,204 Cost of goods sold (excluding amortization expense - See Note 13) 289,725 307,265 865,770 951,716 Gross profit 172,549 183,347 529,830 534,488 Selling, general and administrative expenses 118,221 122,810 359,350 362,212 Restructuring and related charges, net 2,610 1,019 4,787 6,034 Operating income 51,718 59,518 165,693 166,242 Other income (expense), net 783 ( 2,713 ) 2,285 ( 8,558 ) Interest expense, net ( 10,347 ) ( 12,781 ) ( 31,925 ) ( 38,744 ) Income before taxes and equity in net income of associated companies 42,154 44,024 136,053 118,940 Taxes on income before equity in net income of associated companies 12,167 13,593 40,453 36,956 Income before equity in net income of associated companies 29,987 30,431 95,600 81,984 Equity in net income of associated companies 2,385 3,279 6,940 10,660 Net income 32,372 33,710 102,540 92,644 Less: Net income attributable to noncontrolling interest 26 40 82 94 Net income attributable to Quaker Chemical Corporation $ 32,346 $ 33,670 $ 102,458 $ 92,550 Per share data: Net income attributable to Quaker Chemical Corporation common shareholders – basic $ 1.81 $ 1.87 $ 5.71 $ 5.15 Net income attributable to Quaker Chemical Corporation common shareholders – diluted $ 1.81 $ 1.87 $ 5.70 $ 5.14 Dividends declared $ 0.485 $ 0.455 $ 1.395 $ 1.325 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 2 Table of Content Quaker Chemical Corporation Condensed Consolidated Statements of Comprehensive Income (Unaudited; Dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income $ 32,37

View Full Filing

View this 10-Q filing on SEC EDGAR