Quaker Chemical Corporation – Specialty Chemicals Stocks In 2021
The specialty chemical business is a competitive one. There are many companies operating in different niches within the sector. However, there are some large companies that have a sizable product portfolio. Such companies tend to have a long track record of performance as well. One company with a strong brand is Quaker Chemical Corporation. After its merger with Houghton International in August 2019, the company is now known as Quaker Houghton. It had more than 4,200 employees as of December end 2020. Out of these, around 900 are employed by the US subsidiaries and businesses of Quaker Houghton while the rest are employed by the company’s non-US subsidiaries. Quaker Houghton is a very global company with a presence in over 20 countries. It does business across all the major continents of the world. If you are interested in knowing more about specialty chemicals stocks for 2021, then companies like Quaker Houghton can be a good starting point.
Quaker Chemical Corporation’s Q32021 Earnings Results
On 4th November 2021, Quaker Chemical Corporation announced its third-quarter 2021 earnings numbers. The total revenue for the quarter rose from $367 million in Q32020 to $449 million. Meanwhile, the net income was up from $27.3 million in Q32020 to $31.1 million. As a result, the earnings per share on a diluted basis went up from $1.56 in Q32020 to $1.63. Company CEO Michael Barry talked about the rising cost of raw materials during the quarter. However, he also said that the company was increasing its prices in response to the rising commodity prices. Overall, the company management expected the demand to remain strong barring any disruptions in the China market. If you are interested in delving deeper into specialty chemicals stocks in 2021, then Quaker Houghton is one company that you can study.
Quaker Chemical Corporation’s stock has had a decent run over the past 5 years. Its stock price has nearly doubled during that time. However, the year 2021 hasn’t been great as the stock has seen plenty of sideways range-bound movement.