Quaker Chemical Corporation (NYSE:KWR) Q3 2023 Earnings Call Transcript November 3, 2023 8:30 AM ET
Company Participants
Jeffrey Schnell - Vice President, Investor Relations
Andy Tometich - President and Chief Executive Officer
Shane Hostetter - Executive Vice President and Chief Financial Officer
Conference Call Participants
Mike Harrison - Seaport Research Partners
Vincent Anderson - Stifel
Justin Ages - CJS Securities
Arun Viswanathan - RBC Capital Markets
David Begleiter - Deutsche Bank
Operator
Greetings and welcome to the Quaker Houghton Third Quarter 2023 Earnings Conference Call. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the call over to Jeffrey Schnell, Vice President of Investor Relations. Mr. Schnell, you may begin.
Jeffrey Schnell
Thank you. Good morning and welcome to our third quarter 2023 earnings conference call. On the call, today, are Andy Tometich, our President and Chief Executive Officer; Shane Hostetter, our Executive Vice President and Chief Financial Officer; and Robert Traub, our General Counsel.
Our comments relate to the financial information released after the close of the U.S. markets yesterday, November 2, 2023. Our press release and accompanying slides can be found on our Investor Relations website. Both the prepared commentary and discussion during this call may contain forward-looking statements reflecting the company's current view of future events and their potential effect on Quaker Houghton's operating and financial performance. These statements involve uncertainties and risks, which may cause actual results to differ. The company is under no obligation to provide subsequent updates to these forward-looking statements.
This presentation also contains certain non-GAAP financial measures and the company has provided reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measure in the appendix of the presentation materials, which are available on our website. For additional information, please refer to our filings with the SEC.
Now, it's my pleasure to hand the call over to Andy.
Andy Tometich
Thank you, Jeff and good morning everyone. The third quarter was another strong quarter for Quaker Houghton, we achieved consistent top line performance and further enhanced the profitability of our business. Delivering another consecutive quarter of double digit increases in adjusted EBITDA and non-GAAP earnings per share. Cash flow was also higher in the quarter, we have generated approximately $200 million of operating cash flow year to date, a record for the Company providing significant balance sheet optionality for the enterprise.