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Summary: - Quaker Chemical Corp. reported earnings of $1.95 per share, higher than year-ago quarter. - Net sales fell around 6% year over year to $469.8 million, missing estimates. - Segment sales from Americas and EMEA units decreased, while Asia/Pacific unit sales saw an increase. - Company ended the quarter with $195.8 million in cash and equivalents, and long-term debt of $740.4 million. - Quaker Chemical remains committed to delivering volume and earnings growth in 2024. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Summary:
- Quaker Chemical Corp. reported earnings of $1.95 per share, higher than year-ago quarter.
- Net sales fell around 6% year over year to $469.8 million, missing estimates.
- Segment sales from Americas and EMEA units decreased, while Asia/Pacific unit sales saw an increase.
- Company ended the quarter with $195.8 million in cash and equivalents, and long-term debt of $740.4 million.
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