Quaker Houghton (KWR) Tops Q4 EPS by 12c
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QUAKER HOUGHTON ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS
February 23, 2023 4:30 PM ESTQ4'22 net sales of $484.8 million increased 8% compared to Q4'21 driven by higher selling pricesRecord full year 2022 net sales of $1.9 billion primarily driven by value-based pricing initiativesQ4'22 net loss of $76.0 million and net loss per diluted share of $4.24 which includes a $93.0 million impairment chargeQ4'22 non-GAAP net income of $25.0 million and non-GAAP earnings per diluted share of $1.39Delivered $67.9 million of adjusted EBITDA in 4Q'22, a 12% increase compared to $60.7 million in Q4'21Operating cash flow of $68.1 million in Q4'22 and $41.8 million in 2022; year-end net debt to... More
