CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Quaker Chemical Corp. (KWR) on Monday reported fourth-quarter net income of $14.2 million.
The Conshohocken, Pennsylvania-based company said it had profit of 81 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.33 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.
The specialty chemical company posted revenue of $444.1 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $441.7 million.
For the year, the company reported profit of $116.6 million, or $6.51 per share. Revenue was reported as $1.84 billion.
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