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KWR $171.63

KWR target price
171.63
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Quaker Chemical Corporation
Type
Public
Traded as NYSE: KWR
S&P 600 Component
Industry Chemicals
Founded 1918
Headquarters Conshohocken, Pennsylvania, United States
Number of locations
19 countries and 29 locations
Area served
Worldwide
Key people
Michael F. Barry, Chairman of the Board, CEO and President
Products Metalworking process chemicals, coatings and Other chemical products
Number of employees
1,711
Website www.quakerchem.com

Quaker Chemical Corporation (Quaker) is an American chemical company that was founded in 1918. It is headquartered in Conshohocken, Pennsylvania. Approximately 60% of the company's sales are conducted internationally, with a global presence in 19 countries and 29 locations worldwide.

Among various other chemical products, it produces hydraulic fluids and chemicals for metalworking and coating, with a corporate slogan declaring "It's what's inside that counts."

They produce fluids and maskant coatings to support a variety of metal stocks and machining processes, as well as ALUSHIELD and QUAKEROL Hot and cold Rolling Oils, and QUINTOLUBRIC Fire-Resistant Hydraulic Fluids. Other Quaker Chemical products include:

On November 11, 1918, Quaker Chemical Corporation was founded as QUAKER OIL PRODUCTS CORPORATION. Its business consisted of the manufacture and sale of oil products, chiefly for lubrication and for the textile industry.

On October 20, 1930, Quaker reorganized and changed its name to QUAKER CHEMICAL PRODUCTS CORPORATION. The Company incorporated in the Commonwealth of Pennsylvania. During this time, Quaker expanded its scope with products for the metalworking industry. In 1947, Quaker entered into the steel market.

In August 1962, QUAKER CHEMICAL PRODUCTS CORPORATION changed its name to QUAKER CHEMICAL CORPORATION to better suit the scope of its activities, which include process engineering and services, as well as the development, manufacture and sale of industrial specialty chemical products. What followed was the beginning of multiple company acquisitions.

At the beginning of the 1960s, Quaker established its first European subsidiary in the Netherlands. Quaker Chemical B.V. in Uithoorn manufactures and markets Quaker products to industries in the EEC. In 1964, Quaker expanded into Europe and formed a U.K. subsidiary Quaker Chemical Limited. Quaker also entered into a joint venture in Australia, Quaker Chemical (Australasia) Pty. Limited. In 1967, Quaker entered into a joint venture in Japan, Nippon Quaker Chemical, Ltd. Finally, 1968 saw Quaker enter into a Joint venture in Mexico, TecniQuimia Mexicana S.A. de C.V.

On May 3, 1972, Quaker completed its Initial Public Offering (IPO) making shares in the Company available to the public for the first time. The Mid-1970s saw the launch of the innovative QUINTOLUBRIC® polyol ester line of fluids. In June 1978, Quaker made its first major U.S. acquisition - Selby, Battersby & Co., a manufacturer of flooring systems for industrial, commercial and institutional buildings, and marine decking materials.

In 1987, Quaker enters the aerospace coating market with acquisition of AC Products, Inc. in California.

The 1990s saw Quaker expand into markets in France, China and Brazil and celebrate two milestones. First, in 1993, Quaker celebrated 75 years in business. The second saw Quaker file an application to list its common shares for trading on the New York Stock Exchange (“NYSE”) under the ticker symbol KWR.. First NYSE trade occurs on August 23, 1996 for 100 shares. The decade was capped off with Quaker entering into a joint venture in India, Quaker Chemical India Limited.

On April 29, 2002, Quaker’s new corporate worldwide headquarters opened in Conshohocken, Pennsylvania - USA.

In 2002, Quaker acquired multiple assets including Quima International, LLC (forming Q2 Technologies, LLC), Epmar Corporation and Quaker Chemical South Africa (Pty) Ltd. Throughout the first decade of the new millennium, Quaker continued with additional strategic acquisitions.

In 2010, Quaker entered the motorsports world by forming a partnership with the Sarah Fisher Hartman Racing (“SFHR”) team to develop new greases for IndyCar. In September 2012, Quaker debuted its new integrated marketing campaign “It’s what’s inside that counts” encompassing an updated brand identity, logo and tagline. The following year, Quaker launched a new website. In April 2014, Quaker launches CoolanTool™, a mobile application that facilitates the monitoring processes of metalworking fluids and organization of the data results in a number of ways.

From 2010 to the present, Quaker has continued its organic growth as well as made many global acquisitions including companies in the hot rolling business, specialty greases, surface treatments and die casting lubricants.

Quaker's subsidiaries include Summit Lubricants, AC Products Inc., Epmar, G.W. Smith and Sons, Tecniquimia Mexicana (Mexico), NP Coil Dexter (Italy), Q2Technologies, Kelko Quaker Chemical SA (Venezuela) and most recently ECLI Products, LLC.

Quaker has multiple operating locations in the Asia/Pacific region including Quaker Chemical (China) Co., Ltd. (Asia/Pacific Headquarters), Quaker Chemical (Australasia) Pty. Limited, Quaker Chemical India Limited, Nippon Quaker Chemical, LTD (Japan) and Quaker (Thailand) Ltd.

Quaker also has a significant presence in the Europe, Middle East and Africa region including Quaker Chemical B.V. (EMEA Headquarters, Netherlands), Quaker Chemical Limited (England), Quaker Chemical S.A. (France and Spain), Npcoil Dexter Industries S.r.l and Quaker Italia S.r.l, Moscow Representative Office of Quaker Chemical B.V. and two Quaker Chemical South Africa (Pty.) locations.

Quaker’s locations in North America include AC Products Inc. and Epmar Corporation (California), Quaker Chemical Corporation (Bingham Farms and Detroit Plants), Summit Lubricants Inc. (New York), G.W. Smith & Sons Inc. (Ohio), Quaker Chemical Corporation (Middletown, Ohio Plant), Q2 Technologies, LLC (Texas), H.L. Blachford Ltd. (Licensee, Canada), TecniQuimia Mexicana S.A de C.V. (Mexico) and the Corporate Headquarters in Conshohocken, PA.

Quaker also has operating locations in South America including Quaker Chemical S.A. (Argentina), Kelko Quaker Chemical, S.A. (Venezuela) and Quaker Chemical Indústria e Comércio Ltda, the South American Headquarters, located in Brazil.

Quaker is an official sponsor and technical partner of Sarah Fisher Hartman Racing. The partnership was formed to develop new greases that would reduce mechanical loss of energy and extend the life of the bearings. The brand has been involved in IndyCar racing since 2011. The driver of the SFHR No. 67 car is 22-year-old Josef Newgarden, the Firestone Indy Lights Series 2011 Champion.

In 2014, Quaker Chemical released a mobile application called CoolanTool. The app provides a simple tool to monitor metalworking cutting fluids. Additionally, it allows to user to register CNC machines and keep track of coolant concentration and pH values displayed in graphs.

It's What's Inside That Counts is the tagline of Quaker Chemical Corporation. The logo was updated along with the tagline to depict fluid inside of a piece of manufacturing equipment. The logo and tagline has been used on most products and materials since the company rebranded itself in September 2012. The Quaker logo and color scheme is readily seen on the company's drum barrel.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-02 Future report Set alerts
Q2 2022 2022-08-04 1.32 1.32
Q1 2022 2022-05-05 1.42 1.42
Q4 2021 2022-02-24 1.29 1.29
Q3 2021 2021-11-04 0.00 0.00
Q2 2021 2021-08-03 1.82 1.82
Q1 2021 2021-05-06 0.00 0.00
Q4 2020 2021-02-25 1.63 1.63
Q3 2020 2020-11-05 1.56 0.00
Q2 2020 2020-08-05 0.21 -0.43

Ratings

2016-05-02 Downgrade Seaport Global Securities Accumulate to Neutral $94.00
2016-03-23 Reiterated Rating Jefferies Group Hold $80.00
2016-02-16 Downgrade Jefferies Buy to Hold $80.00
2016-02-16 Downgrade Jefferies Group Buy to Hold $80.00
2016-01-13 Upgrade Seaport Global Securities Neutral to Accumulate $84.00 to $86.00
2015-10-21 Reiterated Rating Jefferies Group Buy $110.00 to $94.00
2015-08-26 Lower Price Target Global Hunter Securities Neutral $95.00 to $91.00
2015-08-26 Lower Price Target Seaport Global Securities Neutral $95.00 to $91.00
2015-07-15 Reiterated Rating Jefferies Group Buy $96.00 to $100.00
2015-06-04 Initiated Coverage Global Hunter Securities Neutral $88.00
2015-06-04 Initiated Coverage Seaport Global Securities Neutral $88.00
2015-04-30 Boost Price Target Wunderlich Hold $75.00 to $90.00
2015-01-15 Reiterated Rating Jefferies Group Buy $93.00 to $96.00
2014-10-30 Reiterated Rating Wunderlich Hold $75.00
2014-10-14 Initiated Coverage Wunderlich Hold $75.00
2014-08-21 Boost Price Target Jefferies Group Buy $89.00 to $93.00
2014-05-01 Upgrade First Analysis Equal Weight to Overweight $90.00
2013-10-21 Initiated Coverage First Analysis Equal Weight
2013-10-16 Boost Price Target Jefferies Group Buy $76.00 to $86.00
2011-05-17 Initiated KeyBanc Capital Mkts Buy $50
2009-07-30 Upgrade Janney Mntgmy Scott Neutral to Buy
2009-04-29 Downgrade Janney Mntgmy Scott Buy to Neutral
2009-01-05 Reiterated Janney Mntgmy Scott Buy $31 to $22
2008-10-08 Initiated Janney Mntgmy Scott Buy
2016-05-02 Downgrade Seaport Global Securities Accumulate to Neutral $94.00
2016-03-23 Reiterated Rating Jefferies Group Hold $80.00
2016-02-16 Downgrade Jefferies Buy to Hold $80.00
2016-02-16 Downgrade Jefferies Group Buy to Hold $80.00
2016-01-13 Upgrade Seaport Global Securities Neutral to Accumulate $84.00 to $86.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
BARRY MICHAEL F Chairman, CEO and President 1.03%  (137035) KWR / ROG /
CHAPPELL ROBERT E 0.21%  (28467) CSS / KWR /
ROCK ROBERT H 0.09%  (12396) KWR /
BENOLIEL D JEFFRY VP-Global MW&FP and Secretary 0.08%  (10452) KWR /
FRISBY JEFFRY D 0.07%  (8995) ATRO / KWR / TGI /
CALDWELL DONALD R 0.06%  (7531) AMBR / KWR / RBCN /
ANDERSON JOSEPH B JR 0.05%  (7205) KWR / MTOR / RAD / VCI /
Laininger Dieter VP & MD - SA & Primary Metals 0.05%  (7104) KWR /
BARRON PATRICIA C 0.05%  (7090) ARMK / KWR / TFX / ULBI /
LOEBL MARGARET M VP, CFO and Treasurer 0.05%  (6825) BLVD / KWR /
PLATZER L WILBERT VP & Managing Dtr - Europe 0.05%  (6183) KWR /
Nieman Jan VP & Managing Director - A/P 0.04%  (5827) KWR /
COOK WILLIAM ROLAND 0.04%  (5506) KWR / TFX /
ETTINGER RONALD S VP - Human Resources 0.04%  (4940) KWR /
Hall Mary Dean VP, CFO and Treasurer 0.03%  (4612) KWR /
HOSTETTER SHANE Corporate Controller 0.03%  (4479) KWR /
STEEPLES ADRIAN VP & Managing Director - A/P 0.03%  (4357) KWR /
HILL GEORGE H Global Controller 0.02%  (2669) KWR /
Osborne William H 0.02%  (2634) KWR /
DOUGLAS MARK 0.02%  (2193) FMC / KWR /
BERQUIST JOSEPH A VP & Managing Director - NA 0.01%  (1564) KWR /
West Fay 0.01%  (1286) KWR / SXC /
Matrange Joseph F VP - Global Coatings 0.01%  (1188) KWR /