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Quaker Chemical Beats 4Q Profit Forecasts

Quaker Chemical Corp. (KWR) on Tuesday reported fourth-quarter earnings of $17.4 million.

CONSHOHOCKEN, Pa. (AP) _ Quaker Chemical Corp. (KWR) on Tuesday reported fourth-quarter earnings of $17.4 million.

On a per-share basis, the Conshohocken, Pennsylvania-based company said it had profit of $1.31. Earnings, adjusted for one-time gains and costs, came to $1.26 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The specialty chemical company posted revenue of $191.2 million in the period.

For the year, the company reported profit of $61.4 million, or $4.63 per share. Revenue was reported as $746.7 million.

Quaker Chemical shares have increased roughly 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $131.68, a climb of 69 percent in the last 12 months.

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