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Quaker Chemical earnings rise on higher sales
1:05 PM MDT | October 30, 2013 | Vincent Valk
Lubricants maker Quaker Chemical has reported a net income of $12.6 million, up 15.6% year-on-year (YOY), on sales up 1.8%, to $184.1 million. Earnings totaled 95 cts/share, beating analysts’ consensus estimate of 87 cts/share, as reported by Thomson Reuters (New York). Sales rose because of higher product volumes, the company says. “Despite the weak market conditions in various parts of the world, we continue to produce solid operating results by growing our market share and leveraging our recent acquisitions as well as continuing to align our cost...
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