Market News AIOpen the app

Quaker Houghton shared its earnings for last quarter, showing a 10% rise in sales and record profit growth.

ResultsRead the original at Benzinga
Good for KWR

Quaker Houghton grew sales and reached its highest adjusted EBITDA, with 12 straight quarters of customer gains. Raw-material costs cut gross margin from a year earlier, and markets were mixed, but the profit and sales gains lead this report.

KWR · Quaker Houghton

AI read · Good for KWR

The AI's read

More customers and higher prices helped Quaker Houghton grow despite weak vehicle production and softer activity in China. Cost cuts and pricing helped turn sales growth into a record adjusted profit measure. Raw-material costs still squeezed gross margin, and the company expects seasonal demand in the next quarter. Its expected full-year profit growth supports a positive read, though those pressures remain.

Get alerts for KWR

Follow Quaker Houghton (KWR) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for KWR
Free on the App Store and Google Play, or on the web.