Quaker Chemical Corporation (NYSE:KWR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Quaker Chemical Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.11% to $1 in the quarter versus EPS of $0.90 in the year-earlier quarter.
Revenue: Rose 4.55% to $184.85 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Quaker Chemical Corporation reported adjusted EPS income of $1 per share. By that measure, the company beat the mean analyst estimate of $0.92. It beat the average revenue estimate of $181.2 million.
Quoting Management: Michael F. Barry, Chairman, Chief Executive Officer and President, commented, “We are pleased to report solid results in the second quarter given the challenging global economic environment. Our market share gains and acquisitions have helped us to grow despite weak conditions in numerous parts of the world, especially in Europe.”
Key Stats (on next page)…
Revenue increased 4.92% from $176.19 million in the previous quarter. EPS increased 4.17% from $0.96 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.96 and has not changed. For the current year, the average estimate has moved up from a profit of $3.58 to a profit of $3.66 over the last ninety days.
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