Quaker Houghton reported higher third-quarter 2026 sales, supported by pricing and product mix as well as increased sales volumes. Adjusted earnings and adjusted EBITDA rose from a year earlier, while reported net income and diluted earnings per share edged lower.
For the first nine months of the year, sales and adjusted measures were also higher than in 2025. Reported net income was $76.5 million, compared with a loss in the year-earlier period.
Key details
- Third-quarter sales rose 10% to $544.5 million, from $493.8 million a year earlier. Selling prices and product mix contributed 7% growth, while sales volumes increased 3%.
- The company attributed the higher prices and mix to actions taken to offset higher raw-material costs, changes in the products and services sold, and the effect of index-based customer contracts. Higher volumes were primarily driven by new business wins across all segments.
- Reported net income was $30.0 million, versus $30.5 million in the third quarter of 2025. Diluted earnings per share were $1.73, compared with $1.75.
- On the company’s non-GAAP measures, net income was $41.4 million, up 14%, and diluted earnings per share were $2.39, up from $2.08. The release characterized the per-share increase as 15%.
- Adjusted EBITDA increased 8% to $89.8 million, from $82.9 million.
- For the first nine months of 2026, sales were $1.56 billion, compared with $1.42 billion in the same period of 2025. Reported net income was $76.5 million, versus a net loss of $23.2 million.
- Nine-month non-GAAP net income rose to $107.7 million from $94.3 million, while non-GAAP diluted earnings per share increased to $6.20 from $5.37. Adjusted EBITDA was $247.5 million, up from $227.4 million.
What changed
The quarter’s sales growth came from both higher realized prices and product mix and increased volume. Reported earnings, however, were slightly lower than a year earlier, even as the company’s adjusted earnings and EBITDA improved. The release excerpt does not provide the details behind the adjustments separating reported from non-GAAP results.