Quaker Houghton posted record quarterly adjusted EBITDA of $85 million, the highest in its 160-plus-year history, driven by a 7% increase in sales volumes. Net sales rose 10% year-over-year to $533 million, with broad-based volume growth and net share gains across all regions. Gross margin declined to 35.5% due to higher raw material costs, while adjusted EBITDA margin expanded 40 basis points year-over-year to 16%. Non-GAAP diluted earnings per share increased 28% to $2.19. The company also announced a new $250 million stock repurchase authorization and a 4% dividend increase, marking its 17th consecutive annual increase.
Quaker Chemical CorporationRecord adjusted EBITDA and EPS growth, plus new buyback and dividend increase.