Quaker Chemical Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 01, 2023 at 04:42 pm
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Quaker Chemical Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 495.44 million compared to USD 492.39 million a year ago. Net income was USD 29.35 million compared to USD 14.34 million a year ago. Basic earnings per share from continuing operations was USD 1.63 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 1.63 compared to USD 0.8 a year ago.
For the six months, sales was USD 995.59 million compared to USD 966.56 million a year ago. Net income was USD 58.88 million compared to USD 34.16 million a year ago. Basic earnings per share from continuing operations was USD 3.28 compared to USD 1.91 a year ago. Diluted earnings per share from continuing operations was USD 3.27 compared to USD 1.91 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.