Quaker Houghton Q1 2024 Adj EPS $2.09 Beats $1.99 Estimate, Sales $469.759M Miss $494.520M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quaker Houghton (NYSE:KWR) reported Q1 2024 adjusted EPS of $2.09, surpassing the $1.99 estimate, but its sales of $469.759M fell short of the expected $494.520M. This represents a 6.08% decrease in sales compared to the same period last year.

May 02, 2024 | 8:31 pm
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Quaker Houghton reported higher-than-expected Q1 2024 EPS but missed sales estimates, with a year-over-year decline in sales.
While the EPS beat might positively influence investor sentiment towards KWR, the miss on sales estimates and the year-over-year decline could temper any potential stock price gains. The mixed results present a neutral outlook in the short term as investors weigh the better-than-expected earnings against the sales miss and decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100