Quaker Houghton Reports Record Q2 EBITDA Amid Rising Costs
Quaker Houghton (NYSE:KWR) reported strong second-quarter results, with sales rising 10% to $533 million and adjusted EBITDA reaching a record $85 million. The company attributed the growth to increased sales volumes of 7%, driven largely by market-share gains across all regions. Despite elevated raw-material costs and supply-chain disruptions linked to geopolitical tensions in the Strait of Hormuz, Quaker Houghton managed non-GAAP earnings per share (EPS) that climbed 28% year-over-year to $2.19. Regional performance was robust, with Asia-Pacific leading at a 12% sales increase and EMEA up by 13%. However, the Americas saw lower profitability due to higher operating costs and one-time quality-related expenses. Management remains optimistic about full-year growth, maintaining its outlook for flat-to-modestly positive end markets and mid- to high-single-digit adjusted EBITDA expansion. The company also announced $250 million in additional share buybacks and a 4.3% increase in quarterly dividends as part of ongoing shareholder returns.
Tickers: $KWR
Topics: adjusted_ebitda buybacks dividend_increase sales_growth