QUAKER HOUGHTON ANNOUNCES FIRST QUARTER 2022 RESULTS

Record net sales of $474.2 million increased 10% compared to 1Q21 driven by higher selling prices.

First quarter 2022 net sales were a record of $474.2 million, an increase of 10% compared to $429.8 million in
the prior year quarter primarily due to an increase in selling price and product mix of approximately 17% and
additional net sales from acquisitions of 2%, slightly offset by a 6% decrease in organic sales volumes and a 3%
unfavorable impact from foreign currency translation. The increase in selling price and product mix was primarily
attributable to broad-based price increases in response to ongoing and unprecedented raw material and other
supply chain-related inflationary pressures.