Call Start: 8:30 January 1, 0000 9:12 AM ET

Quaker Chemical Corporation (NYSE:KWR)
Q3 2024 Earnings Conference Call
November 1, 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
Dan Rizzo - Jefferies
Jon Tanwanteng - CJS Securities
Arun Viswanathan - RBC Capital Markets

Operator

Greetings, and welcome to the Quaker Houghton's Third 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 third 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, October 31, 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 effects 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 more 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 once again highlighted the resilience of Quaker Houghton. Despite the persistent headwinds in the overall market environment, on a sequential basis, we delivered stable sales, strong and consistent margins and another quarter of solid earnings and cash flow generation.

Together, we are executing well and I'm pleased with the progress we are making, advancing our enterprise strategy as we continue balancing our long-term objectives with the near-term market environment.