Quaker Houghton reports Q4 non-GAAP EPS $1.39, consensus $1.27

Reports Q4 revenue $484.8M, consensus $459.92M. CEO Andy Tometich commented, "Quaker Houghton delivered strong year-over-year sales and EBITDA growth in Q4 driven by execution on our margin improvement initiatives. In 2022, we delivered record net sales of approximately $1.9B, driven by our value-based pricing initiatives and positive net new business wins, demonstrating the resiliency of our business while contending with significant macroeconomic, raw material and market challenges. I am pleased with the progress we made throughout 2022 and expect to build on this momentum going forward. Margin recovery remains a top priority and we expect to deliver further progress in 2023 through pricing and cost actions. We remain committed to advancing our strategic initiatives designed to improve the profitability, productivity and sustainability of our customers and our company."