Filing Flows › Quaker Chemical (KWR) › Q1 2026
Quaker Chemical (KWR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Quaker Chemical (KWR) reported revenue of $480M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +3% from the quarter before. Operating margin was 7.0%, net earnings $19.7M (4.1% of revenue).
Quaker Chemical, Q1 2026: revenue $480M (+8% year over year), operating margin 7.0%, net earnings $19.7M, operating cash flow $3.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $480M | +3% | +8% |
| Gross profit | $177M | +7% | +10% |
| Operating profit | $33.6M | +8% | +22% |
| Net earnings | $19.7M | -5% | +53% |
| Operating cash flow | $3.8M | -92% | — |
What changed
Revenue was $480.5M in Q1 2026, up 8% year over year and up 3% from the previous quarter.
Gross margin was 36.8%, up 0.4 points from Q1 2025. Operating profit was $33.6M, a 7.0% margin (up 0.8 points year over year). Of the extra revenue versus Q1 2025, 16% reached operating profit, above the 6% margin then. Operating expenses grew 7% against revenue growth of 8%. The fastest-growing cost line was SG&A (+14%). Net earnings were $19.7M, up 52% year over year. The effective tax rate was 26.6%.
Operating cash flow was $3.8M, 19% of net earnings. Non-cash charges added back $17.7M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $36.9M. Capital expenditures of $10.7M exceeded it, leaving free cash flow of −$6.9M.
Questions
What was Quaker Chemical's revenue in the first quarter 2026?
Quaker Chemical (KWR) reported revenue of $480M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +3% from the quarter before.
Was Quaker Chemical profitable in the first quarter 2026?
Operating profit was $33.6M (7.0% of revenue) and net earnings $19.7M.
Source: Quaker Chemical 10-Q on SEC EDGAR.