KWR earnings analysis
What we found in KWR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Quaker Houghton reported Q1 2026 results with net sales of $480.5 million, reflecting an 8% year-over-year increase. Earnings per share (EPS) was reported at $1.13, significantly higher than $0.73 in Q1 2025. The Asia/Pacific segment showed strong growth of 25%, while the Americas segment remained flat due to challenging market conditions.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Net Sales increased to $480.5 million from $442.9 million year-over-year, an 8% increase.
- EPS Improved
- Reported EPS increased to $1.13 in Q1 2026, up from $0.73 in Q1 2025.
- Asia/Pacific Segment Growth
- Asia/Pacific segment net sales grew by 25% to $124.7 million.
- Improved Gross Margin
- Gross margin improved to 36.8% in Q1 2026 from 36.4% in Q1 2025.
- Operating Cash Flows Turn Positive
- Operating cash flows were $3.8 million, an increase from a $3.1 million outflow in Q1 2025.
- Higher Adjusted EBITDA
- Adjusted EBITDA rose to $72.5 million compared to $69.0 million in the prior year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Inflation in Raw Materials
- The company faces increased risk from inflation in raw materials impacting margins.
- Geopolitical Risks
- Ongoing conflicts in the Middle East could adversely affect supply chains and operating costs.
- Soft Market Conditions in Americas
- The Americas segment experienced flat growth due to soft end-market conditions.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.13
- Gross margin
- 36.8%
- Operating margin
- 7.0%
- Segment
- Americas: $213.7 million (0% YoY)
- Segment
- EMEA: $142.1 million (10% YoY)
- Segment
- Asia/Pacific: $124.7 million (25% YoY)
What they said about what is next.
No explicit numeric guidance provided; outlook remains cautious due to market uncertainties.
The filing reads better than the one before it.
What came before.
- 10-K · February 23, 2026
- Quaker Houghton positions itself as the global leader in industrial process fluids and emphasizes FluidcareTM chemical management and on-site technical services as strategic differentiators. FY2025 revenue aggregated…
- 10-K · February 24, 2025
- Quaker Houghton maintains its leadership in industrial process fluids with significant global reach and strategic acquisitions that enhance its service capabilities and product offerings. However, the company is…
- 10-Q · May 4, 2023
- Quaker Chemical reported solid Q1 results: net sales of $500,148,000 (up from $474,171,000) with gross profit of $173,450,000 and operating income of $49,929,000, driving diluted EPS of $1.64. Cash generation was…
- 10-Q · August 4, 2022
- Quaker Houghton (Quaker Chemical) reported Q2 net sales of $492,388,000, up from $435,262,000 a year earlier (+$57,126,000, +13.1%), but profit metrics weakened: gross profit fell to $149,564,000 from $154,451,000 and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing KWR makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever