CONSHOHOCKEN, PA — Quaker Houghton (NYSE: KWR) reported fourth-quarter 2025 net sales of $468.5 million, up 6% from the same period a year earlier, as acquisitions and currency translation gains offset softer demand in several markets, the company announced.
The industrial process fluids manufacturer said fourth-quarter net income was $20.7 million, or $1.18 per diluted share, compared with $14.2 million, or $0.81 per diluted share, in the fourth quarter of 2024.
Excluding certain non-core items, the company reported non-GAAP net income of $28.9 million, or $1.65 per diluted share, compared with $23.6 million, or $1.33 per diluted share, a year earlier.
Adjusted EBITDA for the quarter totaled $71.9 million, an increase of about 11% from $64.8 million in the fourth quarter of 2024.
For the full year, Quaker Houghton reported net sales of $1.89 billion and a net loss of $2.5 million, or $0.14 per diluted share.
The company said the annual loss included an $88.8 million impairment charge and $35.1 million in restructuring costs.
On a non-GAAP basis, the company reported full-year net income of $123.2 million, or $7.02 per diluted share.
Chief Executive Officer and President Joseph A. Berquist said the company recorded its second consecutive quarter of year-over-year profitability improvement.
“We finished 2025 with our second consecutive quarter of year-over-year profitability improvement, as adjusted EBITDA increased 11% from the prior year,” Berquist said.
Berquist said acquisitions contributed to revenue growth while underlying demand remained weak in some markets.
“Net share gains globally were approximately 4%, offsetting weak underlying market conditions that we estimate were down low-to-mid single digits in aggregate,” he said.
Quaker Houghton said sales in the Asia-Pacific region increased 15% during the fourth quarter compared with the prior year period, driven by higher volumes and acquisitions.
Sales in the Europe, Middle East and Africa segment rose 7%, while revenue in the Americas segment remained roughly unchanged from the prior year.
The company reported $136.5 million in operating cash flow for 2025, down from $204.6 million in 2024, primarily due to lower operating performance and restructuring-related cash outflows.
As of December 31, 2025, Quaker Houghton reported total debt of $871.2 million and cash and cash equivalents of $179.8 million, resulting in net debt of $691.4 million.
The company said it completed three acquisitions during 2025 and returned $75.9 million to shareholders through dividends and share repurchases.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.