Markets :: Specialty Chemicals :: Lubricants
Quaker Chemical earnings rise on higher volumes
2:56 PM MST | February 27, 2014 | Vincent Valk
Quaker Chemical today reported fourth-quarter net income of $14.1 million, up 8.5% year-on-year (YOY), on sales up 7%, to $184.3 million. Adjusted earnings totaled 98 cts/share, ahead of analysts’ consensus estimate of 89 cts/share, as reported by Thomson Reuters (New York). Gross profits, volumes and product margins all improved, Quaker says. “We are continuing to more than offset the challenging market conditions, including foreign exchange, and to grow our business profitably through taking market share and leveraging our recent acquisitions. In...
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