Quaker Chemical: Fourth Quarter Earnings Overview
Quaker Chemical Corp. Announces Fourth-Quarter Financial Results
Quaker Chemical Corp., headquartered in Conshohocken, Pennsylvania, disclosed its financial performance for the fourth quarter, reporting a net income of $20.7 million.
The company achieved earnings of $1.18 per share. After adjusting for non-recurring items, adjusted earnings reached $1.65 per share.
These adjusted earnings fell short of analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had anticipated earnings of $1.71 per share.
Despite the earnings miss, Quaker Chemical generated $468.5 million in revenue for the quarter, surpassing the average forecast of $465.3 million from three Zacks analysts.
Looking at the full year, the company reported a net loss of $2.5 million, which translates to a loss of 14 cents per share. Total annual revenue amounted to $1.89 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tokenized Real Assets Progress Despite Crypto Pullback

Cardano Sharks & Whales Quietly Accumulate 819M ADA Amid Price Decline

Was Jane Street manipulating Bitcoin and crypto market crashes?
