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.
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