Q4 2019 Quaker Chemical Corp Earnings Call
The Board of Directors of Quaker Houghton (NYSE: KWR) today declared a quarterly dividend of $0.385 per share, payable on July 31, 2020, to shareholders of record at the close of business on July 17, 2020.
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Quaker Chemical (KWR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Could Quaker Chemical Corporation (NYSE:KWR) be an attractive dividend share to own for the long haul? Investors are...
Quaker Chemical Corporation ("the Company", also known as Quaker Houghton) (NYSE: KWR) today filed a Form 8-K to disclose that it will not be filing its Form 10-K for the fiscal year ended December 31, 2019 on March 17, 2020, as it had expected. The Company previously disclosed on March 2, 2020, in conjunction with its earnings release, that it had filed a Form 12b-25 with the SEC to enable it to extend its filing deadline to March 17, 2020. The Company now estimates that it will file the Form 10-K within the week. The additional time is required to complete the year-end audit and controls work which has been significantly impacted by the combination with Houghton International in the second half of the year, the added complications of working restrictions related to the COVID-19 outbreak, and the identification of certain control deficiencies which are discussed in detail in the Company's Form 8-K. The Company has amended its bank credit agreement to allow for the delayed delivery of its audited financial statements which is also discussed in detail in the Company's Form 8-K. The Company expects no material changes in its consolidated financial statements included in its earnings release on March 2, 2020, and believes they fairly represent the financial position of the Company on December 31, 2019 and 2018.
Quaker Chemical (KWR) delivered earnings and revenue surprises of 28.97% and 2.29%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / March 3, 2020 / Quaker Chemical Corp. (NASDAQ:KWR) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 3, 2020 at 8:30 AM ...
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Chief Executive Officer and President for Quaker Houghton. Joining me virtually today, as we are all working from home, are Mary Hall, our CFO; Robert Traub, our General Counsel; and Shane Hostetter, our Head of Finance and Chief Accounting Officer.
Quaker Houghton (NYSE:KWR), a global leader in process fluid solutions, will be exhibiting its QUINTOLUBRIC® Fire-resistant Hydraulic Fluids, DUSTGRIP® Dust Suppressants, and MINETECH™ Ground Control Agents at CONEXPO-CON/AGG 2020 (https://home.quakerhoughton.com/event/conexpo-con-agg/), in the Bronze Hall at Booth B92209. North America's largest construction trade show will be held at the Las Vegas Convention Center in Las Vegas, Nevada from March 10-14, 2020.
WLKP vs. KWR: Which Stock Is the Better Value Option?
Sales associated with Houghton and Norman Hay boost Quaker Chemical's (KWR) revenues in Q1.
Quaker Chemical Corporation ("the Company", also known as Quaker Houghton) (NYSE: KWR) today announced first quarter 2020 results, provided an update regarding the impact of the COVID-19 pandemic on the Company, and updated certain information regarding the Houghton integration and associated cost synergies. First quarter of 2020 net sales were $378.6 million, which increased 79% compared to $211.2 million in the prior year first quarter. The increase was driven by additional net sales due to the Company's August 1, 2019 combination with Houghton International, Inc. ("Houghton"), which we refer to as "the Combination", as well as its October 1, 2019 acquisition of the operating divisions of Norman Hay plc ("Norman Hay"). Current quarter net sales declined approximately 3% compared to the prior year first quarter pro forma net sales of $391 million, which are adjusted to include the results of Houghton as well as certain other pro forma adjustments including the elimination of results associated with divested product lines. The quarter-over-quarter pro forma decline in net sales was primarily attributed to lower volumes reflecting the initial impact from COVID-19, Boeing's decision to temporarily stop production of the 737 Max aircraft and a negative impact from foreign currency translation, partially offset by additional net sales from Norman Hay.
Sales related to Houghton and Norman Hay drive Quaker Chemical's (KWR) top line in Q4.
Quaker Houghton (NYSE: KWR) today announced that, following 23 years of meritorious service on the Board of Directors, Robert E. Chappell retired upon completion of his term as a Director at Quaker Houghton's annual meeting of shareholders in May of 2020. Michael F. Barry, Chairman, Chief Executive Officer and President, commented, "On behalf of Quaker Houghton, I want to thank Bob for his significant contributions and dedicated service over the years. During his tenure, in addition to his service on the Board, he served as Chair of the Governance Committee for the last 14 years, and also served as a member of the Executive and Compensation/Management Development Committees. With his strong compliance and business acumen and extensive experience in a myriad of governance topics, Bob has been an invaluable resource to Quaker Houghton. It is with great pleasure that we honor Bob today and express our sincere thanks to him for his loyalty, expertise and innumerable contributions during his many years of service to Quaker Houghton. We wish Bob all the best in the years ahead as he pursues new and exciting endeavors."
Quaker Chemical Corporation ("the Company", also known as Quaker Houghton) (NYSE: KWR) today announced fourth quarter and full year 2019, results including net sales of $391.3 million and $1,133.5 million, respectively. Fourth quarter net sales increased 85% compared to $211.5 million in the prior year quarter, and full year net sales increased 31% compared to $867.5 million in the prior full year. Each increase was driven by additional net sales attributed to the Company's August 1, 2019 combination with Houghton International, Inc. ("Houghton"), herein referred to as "the Combination", as well as its October 1, 2019 acquisition of the operating divisions of Norman Hay plc ("Norman Hay"). Current quarter net sales declined approximately 2% compared to the prior year fourth quarter pro forma net sales of $401 million, which are adjusted to include the results of Houghton and eliminate the effects of the Combination, with the decline primarily driven by lower volume and a negative impact from foreign currency translation, partially offset by additional net sales from Norman Hay. Similarly, full year pro forma 2019 net sales declined approximately 6% to $1,562 million compared to $1,655 million in 2018, driven by the same factors described for the fourth quarter.
Quaker Houghton (NYSE: KWR) today announced the following schedule and contact information for its first quarter earnings release and investor call.
Quaker Houghton (NYSE: KWR) announced today that, due to the growing health impact of the coronavirus (COVID-19) pandemic and the extensive federal and local restrictions on non-essential activities, the location and time of Quaker Houghton's Annual Meeting of Shareholders has been changed and will instead be held in a virtual meeting format only. As previously announced, the annual meeting will be held on Wednesday, May 13, 2020, but will now be held at 2:30 p.m. Eastern Time.