QUAKER CHEMICAL CORP

Listed Company

KWRCIK 0000081362NYSELarge AcceleratedMiscellaneous Products Of Petroleum & CoalPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

$1.89B

Net Income

$-2.49M

Total Assets

$2.80B

Equity

$1.37B

Shares Out

17.37M

Op. Cash Flow

$136.45M

Business

QUAKER CHEMICAL CORP develops, produces and markets formulated specialty chemical products and provides chemical management services under its FluidcareTM programs for heavy industrial and manufacturing applications. Its main products include metal removal fluids, rolling lubricants, hydraulic fluids, corrosion inhibitors, drawing and forming fluids, die cast mold releases, heat treatment quenchants, forging fluids, specialty greases, rolling and surface treatment chemicals and related process fluids. The business operates through three reportable segments: Americas; Europe, Middle East and Africa (EMEA); and Asia/Pacific. Quaker Houghton serves global steel, aluminum, automotive, aerospace, offshore, mining and metalworking customers through direct sales, onsite Fluidcare programs and third‑party distributors and agents.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,889	1,840	1,953	1,944	1,761
Cost of goods sold (excluding amortization expense - See Note 15)	1,209	1,154	1,248	1,331	1,167
Gross profit	679	686	706	613	595
Selling, general and administrative expenses	502	485	484	464	419
Impairment charges	89	0	0	93	0
Restructuring and related charges, net	35	7	8	3	1
Operating income	53	195	214	52	150
Other (expense) income, net	−2	1	−11	−13	19
Interest expense	−44	−41	−51	−33	—
Income before taxes and equity in net income of associated companies	7	155	153	7	147
Taxes on income before equity in net income of associated companies	25	49	56	25	35
(Loss) income before equity in net income of associated companies	−18	106	98	−18	112
Equity in net income of associated companies	15	11	15	2	9
Net (loss) income	−2	117	113	−16	121
Less: Net income attributable to noncontrolling interest	87,000	85,000	124,000	89,000	62,000
Net (loss) income attributable to Quaker Chemical Corporation	−2	117	113	−16	121
Net (loss) income attributable to Quaker Chemical Corporation common shareholders basic (in dollars per share)	−0.14	6.51	6.27	−0.89	6.79
Net (loss) income attributable to Quaker Chemical Corporation common shareholders diluted (in dollars per share)	−0.14	6.51	6.26	−0.89	6.77

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	180	189	195	181	165
Accounts receivable, net	417	400	445	473	431
Inventories	266	227	234	285	265
Prepaid expenses and other current assets	58	60	55	55	60
Total current assets	921	876	928	994	920
Property, plant and equipment, net	313	230	208	199	198
Right-of-use lease assets	39	34	39	44	37
Goodwill	502	519	513	515	631
Other intangible assets, net	874	827	897	943	1,028
Investments in associated companies	107	98	101	88	95
Deferred tax assets	12	9	11	11	16
Other non-current assets	30	17	19	28	31
Total assets	2,798	2,611	2,714	2,822	2,956
Short-term borrowings and current portion of long-term debt	36	38	23	19	57
Accounts payable	199	198	185	194	227
Dividends payable	9	9	8	8	7
Accrued compensation	41	50	55	40	38
Accrued restructuring	8	2	3	5	4
Accrued pension and postretirement benefits	2	2	2	2	2
Other accrued liabilities	85	81	90	87	96
Total current liabilities	380	380	368	355	430
Long-term debt	835	670	731	934	836
Long-term lease liabilities	23	20	23	27	26
Deferred tax liabilities	141	139	147	160	179
Non-current accrued pension and postretirement benefits	21	24	29	29	46
Other non-current liabilities	22	24	32	39	50
Total liabilities	1,421	1,256	1,329	1,543	1,568
Commitments and contingencies (Note 25)	—	—	—	—	—
Common stock, $1 par value; authorized 30,000,000 shares; issued and outstanding 2025 17,331,779 shares; 2024 17,673,607 shares	17	18	18	18	18
Capital in excess of par value	875	904	940	928	917
Retained earnings	597	634	551	470	516
Accumulated other comprehensive loss	−116	−202	−124	−138	−64
Total Quaker shareholders equity	1,373	1,354	1,384	1,278	1,387
Noncontrolling interest	3	616,000	603,000	667,000	628,000
Total equity	1,376	1,354	1,385	1,279	1,388
Total liabilities and equity	2,798	2,611	2,714	2,822	2,956

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	93	84	82	80	87
Equity in undistributed earnings of associated companies, net of dividends	−7	−3	−11	1	−9
Deferred income taxes	−30	−10	−11	−11	−13
Share-based compensation	14	15	15	12	11
Gain on disposal of property, plant, equipment and other assets	−2	−810,000	−1	−168,000	−5
Inventory step-up amortization	6	0	0	—	—
Uncertain tax positions (non-deferred portion)	−6	−2	−644,000	−6	−922,000
Pension and other postretirement benefits	−4	−4	−2	−8	−6
Other adjustments	−6	6	7	—	—
Accounts receivable	24	25	32	−59	−67
Inventories	−12	−3	50	−30	−84
Prepaid expenses and other assets	3	−6	−21,000	4	−21
Accrued restructuring	−27	−8	−10	−2	−5
Accounts payable and accrued liabilities	−30	−9	6	−28	38
Estimated taxes on (loss) income	−2	−3	3	−3	4
Net cash provided by operating activities	136	205	279	42	49
Investments in property, plant and equipment	−56	−42	−39	−29	−21
Payments related to acquisitions, net of cash acquired	−164	−39	0	−13	−42
Proceeds from disposition of assets	3	5	11	1	15
Other investing activities	3	0	0	—	—
Net cash used in investing activities	−214	−76	−28	−40	−49
Payments of long-term debt	−35	−57	−39	−673	−38
Borrowings (payments) on revolving credit facilities, net	174	18	−165	—	—
(Payments) borrowings on other debt, net	−386,000	1	−506,000	−2	−776,000
Dividends paid	−34	−33	−32	−30	−29
Shares purchased under share repurchase program	−42	−49	0	0	—
Other stock related activity	−1	−2	−3	−378,000	890,000
Net cash provided by (used in) financing activities	62	−123	−239	25	−13
Effect of foreign exchange rate changes on cash	7	−11	771,000	−10	−3
Net (decrease) increase in cash and cash equivalents	−9	−6	14	16	−17
Interest	43	45	55	29	19
Accrued purchases of property, plant and equipment, net	9	13	3	278,000	2

Filings

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