Mon, Feb 24, 9:44 PM (61 days ago)
**Quaker Chemical Corporation (KWR) Summary:** For the fiscal year ending December 31, 2024, Quaker Chemical Corporation reported net sales of $1,839.7 million, a 6% decline from $1,953.3 million in 2023, primarily due to decreased selling prices and sales volumes. Net income rose to $116.6 million ($6.51 per diluted share) from $112.7 million ($6.26 per diluted share) in 2023, driven by lower interest expenses and foreign exchange losses. Adjusted EBITDA decreased to $310.9 million from $320.4 million. The Americas segment saw sales drop 10% to $882.1 million, while EMEA fell 6% to $536.4 million; however, the Asia/Pacific segment grew 4% to $421.1 million. The company made strategic acquisitions, including the Sutai Group and IKV, enhancing its market position. Quaker Chemical faces risks from fluctuating raw material prices, currency exchange rates, and geopolitical issues. As of December 31, 2024, total debt was $708.3 million, with a net debt of $519.4 million. The company maintains a strong liquidity position, with $188.9 million in cash and cash equivalents. Looking ahead, Quaker aims to leverage new business wins and sustainability initiatives to drive growth in 2025 and beyond.