QUAKER CHEMICAL CORP
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
KWR$157.77+5.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(Dollars in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net sales | $1,953,313 | $1,943,585 | $1,761,158 |
| Cost of goods sold (excluding amortization expense - See Note 15) | 1,247,669 | 1,330,931 | 1,166,518 |
| Gross profit | 705,644 | 612,654 | 594,640 |
| Selling, general and administrative expenses | 483,561 | 455,408 | 418,856 |
| Impairment charges | — | 93,000 | — |
| Restructuring and related charges, net | 7,588 | 3,163 | 1,433 |
| Combination, integration and other acquisition-related expenses | — | 8,779 | 23,885 |
| Operating income | 214,495 | 52,304 | 150,466 |
| Other (expense) income, net | (10,672) | (12,607) | 18,851 |
| Interest expense, net | (50,699) | (32,579) | (22,326) |
| Income before taxes and equity in net income of associated companies | 153,124 | 7,118 | 146,991 |
| Taxes on income before equity in net income of associated companies | 55,585 | 24,925 | 34,939 |
| Income (loss) before equity in net income of associated companies | 97,539 | (17,807) | 112,052 |
| Equity in net income of associated companies | 15,333 | 1,965 | 9,379 |
| Net income (loss) | 112,872 | (15,842) | 121,431 |
| Less: Net income attributable to noncontrolling interest | 124 | 89 | 62 |
| Net income (loss) attributable to Quaker Chemical Corporation | $112,748 | $(15,931) | $121,369 |
| Per share data: | |||
| Net income (loss) attributable to Quaker Chemical Corporation common shareholders – basic | $6.27 | $(0.89) | $6.79 |
| Net income (loss) attributable to Quaker Chemical Corporation common shareholders – diluted | $6.26 | $(0.89) | $6.77 |
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