Quaker Chemical Corporation (NYSE:KWR) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET

Company Participants

Jeffrey Schnell - Vice President, Investor Relations
Andy Tometich - President and CEO
Shane Hostetter - Executive Vice President and CFO
Robert Traub - General Counsel

Conference Call Participants

Mike Harrison - Seaport Research Partners
David Begleiter - Deutsche Bank
Justin Ages - CJS Securities
Dan Rizzo - Jefferies
Arun Viswanathan - RBC

Operator

Greetings. Welcome to the Quaker Houghton First Quarter 2024 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 now begin.

Jeffrey Schnell

Thank you. Good morning. And welcome to our first quarter 2024 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 U.S. markets yesterday, May 2, 2024. Our press release and accompanying slides can be found on our Investor Relations website.

Both the prepared commentary and discussion during the 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 reconciliation 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’s my pleasure to hand the call over to Andy.

Andy Tometich

Thank you, Jeff, and good morning, everyone. Quaker Houghton delivered a strong performance again in the first quarter of 2024. We advanced our enterprise strategy, further expanded our margins, grew earnings and delivered another quarter of solid operating cash flow.

I am proud of these results, which highlight our ongoing execution, as well as the resilience of our people and our business, as we continue to successfully navigate the persistent and dynamic end-market conditions. Our disciplined approach to managing our business is working to better position the company to perform well in any environment for years to come.