Quaker Houghton (KWR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Quaker Houghton published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Quaker Houghton reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Quaker Houghton is the trade name of Quaker Chemical Corporation, which is the entity named in the filings. The release reports in thousands of dollars; figures here are in millions.
• Segment operating earnings leave out restructuring charges and certain corporate and administrative costs, so the three segments' operating earnings add up to more than the company's operating income.

Source: Quaker Houghton Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Quaker Houghton splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Quaker Houghton's Americas revenue was $254 million in Q3 2026, up 14% from $223 million in Q3 2025, 47% of total revenue.
• Quaker Houghton's EMEA revenue was $153 million in Q3 2026, up 6% from $144 million in Q3 2025, 28% of total revenue.
• Quaker Houghton's Asia/Pacific revenue was $138 million in Q3 2026, up 9% from $127 million in Q3 2025, 25% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Quaker Houghton gives a qualitative outlook in its release, with no numeric revenue or EPS range.

In its Q3 2026 release (Joe Berquist, Chief Executive Officer and President), Quaker Houghton said:

“Looking ahead, we anticipate fourth quarter revenue and adjusted EBITDA will improve year-over-year but decline sequentially from the third quarter's record level in line with normal seasonal demand patterns from the holiday season in North America and EMEA.”

“Activity in Asia is expected to remain soft in the fourth quarter as geopolitical and economic uncertainty have tempered industrial demand in China, and we anticipate global raw material costs will remain elevated through the end of the year as the conflict in the Middle East continues.”

Source: Quaker Houghton Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the KWR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Quaker Houghton's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Quaker Houghton sells industrial process fluids and reports three geographic segments. In Q3 2026 Americas brought in $254.0 million of the $544.5 million total, EMEA $152.5 million and Asia/Pacific $138.1 million. Net sales rose 10% from $493.8 million a year earlier: selling price and product mix added 7% and sales volumes 3%, with no net effect from foreign currency. (Quaker Houghton Q3 2026 release, Oct 29, 2026)

The rise was uneven by region. Americas grew 14% on 6% higher volumes and an 8% gain in price and mix. Asia/Pacific grew 9%. EMEA grew 6% even though its volumes fell 2%, which Quaker Houghton attributed to the reversal of customers' pre-buying in the second quarter. The company said the price increases were taken to offset higher raw material costs and also reflect its index-based customer contracts, while new business wins in every segment drove volume growth against end markets it described as flat to slightly lower. (Quaker Houghton Q3 2026 release, Oct 29, 2026)

By customer industry, the 10-Q splits Q3 2026 net sales into Metals, $185.7 million against $160.3 million a year earlier, and Metalworking and other, $358.9 million against $333.6 million. Metals covers steel and aluminum producers, which the 10-K says typically have fewer plants and use higher volumes of product at each one than metalworking customers. (Quaker Houghton Form 10-Q, Q3 2026, Oct 29, 2026; Quaker Houghton Form 10-K, 2025, Feb 23, 2026)

Quaker Houghton's largest product lines in 2025 were metal removal fluids at 19.0% of net sales, rolling lubricants at 18.3%, hydraulic fluids at 12.2% and surface solutions at 10.9%. Sales are spread thinly across customers: the five largest accounted for about 11% of 2025 net sales and the largest for about 3%. (Quaker Houghton Form 10-K, 2025, Feb 23, 2026)

Of Quaker Houghton's $1,888.6 million of 2025 net sales, $622.3 million came from the United States and $251.2 million from China. In the Q3 2026 release the company said market conditions in China softened through the quarter and that EMEA end markets remained challenged by the conflict in the Middle East. (Quaker Houghton Form 10-K, 2025, Feb 23, 2026; Quaker Houghton Q3 2026 release, Oct 29, 2026)

Quaker Houghton's GAAP diluted EPS was $1.73 in Q3 2026, against non-GAAP EPS of $2.39. The largest items between the two were restructuring and related charges ($0.31 a share), business transformation costs ($0.14), discrete tax items ($0.09), acquisition-related depreciation and amortization ($0.06) and duplicate headquarter lease costs ($0.05), partly offset by equity income from a captive insurance company ($0.07). (Quaker Houghton Q3 2026 release, Oct 29, 2026)

Restructuring charges were $8.3 million in the quarter, up from $7.7 million a year earlier, and business transformation costs were $3.0 million against none in Q3 2025. The effective tax rate rose to 31.1% from 26.2%, which the 10-Q put down mainly to the mix of pre-tax earnings and withholding taxes. GAAP EPS fell slightly from a year earlier while non-GAAP EPS rose 15%. (Quaker Houghton Q3 2026 release, Oct 29, 2026; Quaker Houghton Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted weighted average shares were 17,345,329 in Q3 2026, against 17,421,090 a year earlier. Quaker Houghton repurchased 21,781 shares for $3.3 million in the quarter and spent $27.5 million on repurchases over the first nine months of 2026. (Quaker Houghton Form 10-Q, Q3 2026, Oct 29, 2026; Quaker Houghton Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Quaker Houghton does not give a numeric revenue or EPS range. In the Q3 2026 release its chief executive said fourth quarter revenue and adjusted EBITDA should improve year-over-year but decline from the third quarter in line with seasonal holiday demand in North America and EMEA, that activity in Asia should stay soft, and that raw material costs should remain elevated through year end. The release says the company does not provide GAAP guidance or reconcile forward-looking non-GAAP measures. (Quaker Houghton Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Quaker Houghton, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Quaker Houghton's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning KWR is on is KWR a buy or a sell?, what analysts expect next is on the KWR forecast, and what the company does is on the Quaker Houghton (KWR) stock page.

Every number on this page can be traced to a document Quaker Houghton published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.