Quaker Houghton Full-Year Report 2023

Highlights

• Q4 2023 net sales of $467.1 million, net income of $20.2 million and earnings per diluted share of $1.12
• Q4 2023 non-GAAP net income of $31.9 million and non-GAAP earnings per diluted share of $1.78
• Delivered adjusted EBITDA of $77.0 million in Q4 2023, a 13% year-over-year increase
• Full year net sales of $1.95 billion, net income of $112.7 million and earnings per diluted share of $6.26
• Full year non-GAAP net income of $137.6 million and non-GAAP earnings per diluted share of $7.65
• Delivered record full year adjusted EBITDA of $320.4 million and operating cash flow of $279.0 million
• Board of Directors approved a new share repurchase program of up to $150 million of its common stock