Recent Updates — KWR

Quaker Chemical Corporation reported third-quarter 2026 net sales of $544.5 million, a 10% increase year-over-year, driven by a 7% improvement in selling price and product mix and a 3% rise in sales volumes. Net income attributable to common shareholders was $30.0 million, or $1.73 per diluted share, compared to $30.5 million, or $1.75 per diluted share, in the prior-year period. Non-GAAP net income rose 15% year-over-year to $41.4 million, or $2.39 per diluted share, while adjusted EBITDA increased 8% to $89.8 million. The company repurchased approximately $3.3 million of shares during the quarter and reported a leverage ratio of 2.3x based on trailing twelve-month adjusted EBITDA. Quaker Chemical Corporation operates in the industrial process fluids industry, providing specialized chemical solutions for metalworking and manufacturing.

Quaker Chemical Corporation appointed Neil Daniels as Vice President and Chief Accounting Officer, effective November 16, 2026. Mr. Daniels brings over a decade of finance experience from Teleflex Inc., Nouryon, and Emergent BioSolutions. His compensation includes a $370,000 annual base salary, a target annual incentive award of 35% of base, an LTI grant valued at $110,000, and a $175,000 sign-on bonus subject to repayment provisions. Thomas Coler will cease serving as principal accounting officer but remains Executive Vice President and Chief Financial Officer. Quaker Chemical Corporation manufactures specialty chemicals for industrial manufacturing processes.

Quaker Chemical Corporation entered into a Term Loan B Amendment on October 1, 2026, creating a new $550 million seven-year senior secured U.S. dollar-denominated term loan facility maturing on October 1, 2033. The proceeds were used to repay in full the outstanding U.S. Term Loans under the existing credit agreement. The new facility bears interest at SOFR plus 175 basis points or a base rate plus 75 basis points and requires quarterly amortization payments of 0.25% of the initial principal amount, with the balance due at maturity. Mandatory prepayments are required from excess cash flow based on leverage ratios and net proceeds from certain asset dispositions or debt issuances. The transaction is described as leverage-neutral and provides greater flexibility in the company's capital structure by extending its debt maturity profile. Quaker Chemical Corporation operates in the industrial process fluids industry, providing specialized chemical solutions for metalworking and manufacturing.

Quaker Chemical Corporation announced that Jeewat Bijlani will step down from his roles as Executive Vice President, Global Specialty and Chief Growth Officer effective September 30, 2026. The departure is voluntary and unrelated to any disagreements with the company. As a termination without cause under his employment agreement, Mr. Bijlani is entitled to severance payments and benefits consistent with the terms outlined in the company's March 31, 2026 Proxy Statement, contingent upon executing a customary release of claims. Quaker Chemical Corporation operates in the industrial chemicals industry, manufacturing specialty chemical products for metalworking, surface treatment, and other industrial applications.

Quaker Chemical Corporation reported second quarter 2026 net sales of $532.6 million, a 10% year-over-year increase driven by 7% volume growth from new business wins and favorable pricing. Net income attributable to common shareholders was $26.8 million, or $1.55 per diluted share, compared to a loss of $66.6 million in the prior year period. Non-GAAP net income rose 28% to $37.9 million, yielding non-GAAP earnings per diluted share of $2.19. Adjusted EBITDA increased 13% to $85.2 million. The company announced a quarterly dividend increase of approximately 4.3%, repurchased $24.2 million of shares in Q2, and authorized a new $250 million stock repurchase program with no expiration date. Quaker Chemical Corporation operates in the industrial process fluids industry, providing specialized chemical solutions for metalworking and manufacturing.

Steven Dassing resigned as Vice President, Corporate Controller, and Principal Accounting Officer of Quaker Chemical Corporation, effective July 22, 2026. The resignation was for the purpose of pursuing another career opportunity and was not due to any dispute with the company. Upon his departure, Executive Vice President and Chief Financial Officer Mr. Coler will assume the role of Principal Accounting Officer. No new compensatory arrangements were established for Mr. Coler regarding this additional responsibility. Quaker Chemical Corporation is a provider of process chemicals and services to various industrial sectors.