Quarterly ResultApr 30, 2026, 04:43 PM
KWR Q1 Net Sales +8% to $480.5M; EPS $1.13; Adjusted EBITDA +5%
AI Summary
Quaker Houghton reported strong first-quarter 2026 results with net sales increasing 8% year-over-year to $480.5 million and diluted EPS rising to $1.13. The company achieved 3% organic volume growth driven by new business wins and saw adjusted EBITDA increase by 5% to $72.5 million. Additionally, Quaker Houghton amended its credit agreement, extending debt maturity to 2031, and initiated a new cost savings program targeting $20-$30 million in annualized savings by 2028.
Key Highlights
- Q1 2026 net sales increased 8% year-over-year to $480.5 million.
- Net income rose 52.8% to $19.7 million, with diluted EPS at $1.13, up 54.8% year-over-year.
- Adjusted EBITDA grew 5% year-over-year to $72.5 million.
- Organic sales volumes increased 3% year-over-year, driven by 4% new business wins.
- Amended credit agreement, extending nearest-term debt maturity to April 2031.
- Initiated a global transformation and cost program targeting $20-$30 million in savings by 2028.
- Asia/Pacific segment net sales increased 25% and EMEA segment net sales increased 10%.
- Net cash provided by operating activities was $3.8 million, compared to $3.1 million used in Q1 2025.