Quaker Chemical Corporation (NYSE:KWR) Q4 2023 Earnings Conference Call March 1, 2024 8:30 AM ET
Company Participants
Jeffrey Schnell - Vice President, Investor Relations
Andrew Tometich - President and Chief Executive Officer
Shane Hostetter - Executive Vice President and Chief Financial Officer
Robert Traub - Senior Vice President, General Counsel and Corporate Secretary
Conference Call Participants
Michael Harrison - Seaport Global Securities
Jonathan Tanwanteng - CJS Securities
Laurence Alexander - Jefferies
Vincent Anderson - Stifel
David Begleiter - Deutsche Bank
Arun Viswanathan - RBC Capital Markets
Operator
Greetings and welcome to the Quaker Houghton Fourth Quarter and Full Year 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 Fourth Quarter and Full Year 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, February 29, 2024. Our press release and accompanying slides can be found on our Investor 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 measures 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 is my pleasure to hand the call over to Andy.
Andrew Tometich
Thank you, Jeff and good morning everyone. Quaker Houghton finished 2023 strong. For the full year we generated record net sales of $1.5 billion, adjusted EBITDA of $320 million, and non GAAP earnings per share of $7.65. We also showcased the cash generation capabilities of the enterprise, generating a record $280 million of operating cash flow for the full year, strengthening our financial position.