Quaker Chemical Corporation Presents at Nomura Global Chemicals Industry Leaders Conference 2015, Mar-26-2015
Mar 5 15
Quaker Chemical Corporation Presents at Nomura Global Chemicals Industry Leaders Conference 2015, Mar-26-2015 . Venue: London, United Kingdom.
Quaker Chemical Corporation Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year 2015
Feb 26 15
Quaker Chemical Corporation announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $194,033,000 compared to $184,297,000 for the same period a year ago. Operating income was $16,485,000 compared to $15,232,000 for the same period a year ago. Income before taxes and equity in net income of associated companies was $16,621,000 compared to $16,411,000 for the same period a year ago. Net income attributable to the company was $12,639,000 or $0.95 per basic and diluted share compared to $14,086,000 or $1.07 per basic and diluted share for the same period a year ago. Non-GAAP earnings per diluted share were $1.00 against $0.98 a year ago. The fourth quarter comparison obscures year-over-year earnings growth as the fourth quarter of 2013 benefited from a $0.08 favorable tax adjustment while the fourth quarter of 2014 was negatively impacted by foreign exchange of $0.04 and the other non-operating expenses. Included in the Company's net sales growth for the fourth quarter of 2014 was $8.4 million, or 4.6%, of additional sales from acquisitions, which was largely offset by $6.6 million, or 4%, related to a decrease in foreign currency exchange rate translation. Adjusted EBITDA was $23,780,000 against $20,978,000 a year ago.
For the year, the company reported net sales of $765,860,000 compared to $729,395,000 for the same period a year ago. Operating income was $77,356,000 compared to $71,243,000 for the same period a year ago. Income before taxes and equity in net income of associated companies was $78,293,000 compared to $72,826,000 for the same period a year ago. Net income attributable to the company was $56,492,000 or $4.26 per diluted share compared to $56,339,000 or $4.27 per diluted share for the same period a year ago. Net cash provided by operating activities was $54,690,000 against $73,801,000 a year ago. Investments in property, plant and equipment was $13,052,000 against $11,439,000 a year ago. The Company's adjusted EBITDA approximated $100 million for 2014, which was an 11% increase from $89.6 million in 2013. Non-GAAP earnings per diluted share were $4.26 against $3.84 a year ago.
For 2015, the company expects to increase revenue, operating income and adjusted EBITDA for the sixth consecutive year.
Quaker Chemical Corporation Declares Quarterly Dividend, Payable on April 30, 2015
Feb 26 15
The Board of Directors of Quaker Chemical Corporation declared a quarterly dividend of $0.30 per share, payable on April 30, 2015, to shareholders of record at the close of business on April 16, 2015.
Quaker Seeks Acquisitions
Feb 26 15
Michael F. Barry, Chairman, Chief Executive Officer and President of Quaker Chemical Corporation (NYSE:KWR) said, "We are very pleased to close out 2014 with a strong quarter despite the continued challenges in Brazil, and the appreciation of the U.S. dollar versus key currencies. We continue to take market share, to leverage our diverse geographic footprint and to acquire businesses, driving strong growth in three of our four regions while the global economy and underlying markets slow down."
Quaker Chemical Corporation to Report Q4, 2014 Results on Feb 26, 2015
Feb 18 15
Quaker Chemical Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 26, 2015