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Quaker Houghton reports higher Q2 sales and profit as volumes rise across regions

Quaker Houghton reports higher Q2 sales and profit as volumes rise across regions

Industrial process fluids maker posted 10% sales growth, returned to GAAP profitability, raised its dividend and launched a new $250 million stock repurchase program.

Fact Check
The official Aecon Q2 2026 earnings release confirms every component of the claim: stronger revenue (up 25% to $1,631M), stronger operating profit ($36.4M vs $2.3M year earlier), doubled Adjusted EBITDA ($82.4M), a maintained C$10.5 billion backlog, and major project awards and development agreements after quarter-end. The claim's framing accurately reflects the primary source.
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Summary

Quaker Houghton reported stronger second-quarter 2026 results, with net sales rising 10% year over year to $532.6 million as sales volumes increased 7% on new business wins across all segments. Favorable foreign exchange added 2% and selling price and product mix contributed 1%. The company posted net income of $26.8 million, or $1.55 per diluted share, compared with a net loss of $66.6 million, or $3.78 per diluted share, a year earlier. Non-GAAP net income increased to $37.9 million from $30.0 million, while non-GAAP diluted earnings per share rose 28% to $2.19 from $1.71. Adjusted EBITDA increased about 13% to $85.2 million, which Chief Executive Officer and President Joe Berquist described as a record level. Sales increased across all three regions, with the Americas up 7% to $236.5 million, EMEA up 13% to $158.4 million and Asia/Pacific up 12% to $137.6 million. Segment operating earnings rose in EMEA and Asia/Pacific but declined in the Americas because of higher raw material costs and SG&A expenses. For the first six months of 2026, net sales rose to $1.013 billion from $926.3 million, net income reached $46.5 million versus a loss of $53.7 million a year earlier, non-GAAP net income increased to $66.3 million from $58.0 million, and adjusted EBITDA climbed to $157.7 million from $144.5 million. Quaker Houghton said demand remained steady despite the conflict in the Strait of Hormuz, after modest early-quarter customer pre-buying. The company expects stable demand entering the third quarter, with flat to slightly positive end markets for the rest of the year, and said it expects gross margin percentage to stabilize around second-quarter levels as it works through raw material inflation, inventory movements and price recovery actions. The company also increased its quarterly dividend by about 4.3%, repurchased $24.2 million of shares in the quarter, and announced a new share repurchase program authorizing up to $250 million of common stock purchases with no expiration date.

Terms & Concepts
  • Adjusted EBITDA: A non-GAAP measure of operating performance that excludes items such as interest, taxes, depreciation, amortization and certain other adjustments.
  • non-GAAP net income: Profit adjusted to exclude items management says are non-recurring or not core to ongoing operations.
  • net debt: A company's total debt minus cash and cash equivalents, used to gauge leverage.