Quaker Chemical Corporation (NYSE:KWR) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET

Company Participants

Jeffrey Schnell - Vice President of Investor Relations
Andy Tometich - President and CEO
Tom Coler - EVP and CFO
Robert Traub - General Counsel

Conference Call Participants

Mike Harrison - Seaport Research Partners
David Begleiter - Deutsche Bank
Dan Rizzo - Jefferies
Arun Viswanathan - RBC Capital Markets
Jon Tanwanteng - CJS Securities
Charles Neivert - Piper Sandler

Operator

Greetings, and welcome to the Quaker Houghton's Second 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 begin.

Jeffrey Schnell

Thank you. Good morning, and welcome to our second quarter 2024 earnings conference call. On the call today are Andy Tometich, our President and Chief Executive Officer; Tom Coler, 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, August 5, 2024. 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 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. In the second quarter, Quaker Houghton's results were highlighted by a further expansion in our margins, which drove an increase in earnings and translated into solid operating cash flow. The resilience of our business is evident as we manage through the sustained challenges of the dynamic market conditions we are facing. We continue to earn new business with our customers, execute on our enterprise priorities and improve the strength of our financial profile. We are also building momentum with the advancement of our strategy, which is focused on long-term sustainable growth.