Quaker Chemical Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:47 pm EDT
Share
Quaker Chemical Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 490.61 million compared to USD 492.22 million a year ago. Net income was USD 33.67 million compared to USD 25.87 million a year ago. Basic earnings per share from continuing operations was USD 1.87 compared to USD 1.44 a year ago. Diluted earnings per share from continuing operations was USD 1.87 compared to USD 1.44 a year ago.
For the nine months, sales was USD 1,486.2 million compared to USD 1,458.78 million a year ago. Net income was USD 92.55 million compared to USD 60.03 million a year ago. Basic earnings per share from continuing operations was USD 5.15 compared to USD 3.35 a year ago. Diluted earnings per share from continuing operations was USD 5.14 compared to USD 3.35 a year ago.
Quaker Chemical Corporation is a provider of industrial process fluids. It develops, produces, and markets a broad range of formulated chemical specialty products and offers chemical management services for various heavy industrial and manufacturing applications. The Company operates through three segments: Americas; Europe, Middle East, and Africa (EMEA); Asia/Pacific. The Companyâs product lines include metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids and surface treatment chemicals. The Companyâs other principal facilities in its Americasâ segment are located in Santa Fe Springs, California; Carrollton, Georgia; Aurora, Illinois; Zion, Illinois; Detroit, Michigan; Madison Heights, Michigan; Batavia, New York, and other.
QUAKER CHEMICAL CORPORATION 
