Business
QUAKER HOUGHTON ANNOUNCES SECOND QUARTER 2026 RESULTS
QUAKER HOUGHTON ANNOUNCES SECOND QUARTER 2026
About this update from Quaker Houghton
Q2'26 net sales of $532.6 million, an increase of 10% Y/YQ2'26 net income of $26.8 million and earnings per diluted share of $1.55Sales volumes increased 7% Y/Y primarily driven by new business wins across all segmentsQ2'26 non-GAAP net income of $37.9 million and non-GAAP earnings per diluted share of $2.19, a 28% increase Y/YDelivered Q2'26 adjusted EBITDA of $85.2 million, a 13% increase Y/YIncreased quarterly dividend by approximately 4.3% and repurchased $24.2 million of shares in Q2'26; announced new $250 million stock repurchase programCONSHOHOCKEN, Pa., July 30, 2026 /PRNewswire/ -- Quaker Houghton ("the Company") (NYSE: KWR), the global leader in industrial process fluids, announced its second quarter 2026 results today. Three Months EndedJune 30,Six Months EndedJune 30,($ in thousands, except per share data)2026202520262025Net sales$ 532,550$ 483,400$ 1,013,029$ 926,314Net income (loss) attributable to Quaker Chemical Corporation26,835(66,580)46,504(53,658)Net income (loss) attributable to Quaker Chemical Corporation common shareholders – diluted1.55(3.78)2.68(3.04)Non-GAAP net income *37,90330,00066,27758,029Non-GAAP earnings per diluted share *2.191.713.823.29Adjusted EBITDA *85,16675,479157,696144,527*Refer to the Non-GAAP Measures and Reconciliations section below for additional informationSecond Quarter 2026 Consolidated ResultsNet sales in the second quarter of 2026 were $532.6 million, an increase of 10% compared to $483.4 million in the second quarter of 2025. This increase was primarily driven by an increase in sales volumes of 7%, a favorable impact from foreign currency translation of 2%, and an improvement in selling price and product mix of 1%. The increase in sales volumes compared to the prior year was primarily the result of net new business wins across all segments.The Company reported net income in the second quarter of 2026 of $26.8 million, or $1.55 per diluted share, compared to a net loss of $66.6 million, or $3.78 loss per diluted share, in the second quarter of 2025. Excluding non-recurring and non-core items in each period, the Company's non-GAAP net income and non-GAAP earnings per diluted share were $37.9 million and $2.19, respectively, in the second quarter of 2026 compa...