SPOILER ALERT!
Quake Chemical Reveals Second Quarter 2010 Outcomes
sequestering agents (NYSE: KWR - News) today revealed second quarter 2010 net sales of $136.0 million and also earnings per diluted share of $0.80, contrasted to internet sales of $102.3 million and profits per diluted share of $0.29 for the second quarter of 2009. For the first half of 2010, the Firm reported net sales of $264.3 million and earnings per diluted share of $1.64, compared to internet sales of $200.8 million and incomes per watered down share of $0.29 for the first half of 2009.
Michael F. Barry, Chairman, President as well as Head of state, commented, "Our strong second quarter earnings as well as EBITDA generation were driven by high steel industry deliveries in China, Brazil, India as well as Russia and proceeded recuperation of commercial need in The United States and Canada and Europe. Our annual report was additionally enhanced as we lowered our web debt-to-capital proportion to its floor given that 2003."
Mr. Barry added, "We are on track to produce document revenues for 2010. Our expectations for the second half are that our profits will certainly remain to be solid but will certainly be below the very first half because of a conditioning sought after as well as the lag effect on margins as we recuperate higher raw material expenses."
Mr. Barry proceeded, "We are pleased with our progression in 2010 in a number of methods. Besides our strong outcomes, we lowered our financial debt, increased our reward, made a little, however calculated, procurement, and also changed our credit score facility for reduced interest expenses, an extensive maturation date and also greater borrowing ability. Over the next couple of years, we believe Quaker is placed well for strong development. Our strong positions in the fastest growing nations like China, Brazil and India, as well as the steady rebound in the more mature markets such as the U.S. and Europe, is anticipated to supply us with broad-based organic growth in all regions and also businesses. Additionally, our strong annual report will certainly enable us to invest in our crucial growth campaigns and also expand by means of acquisition for the appropriate chances."
Michael F. Barry, Chairman, President as well as Head of state, commented, "Our strong second quarter earnings as well as EBITDA generation were driven by high steel industry deliveries in China, Brazil, India as well as Russia and proceeded recuperation of commercial need in The United States and Canada and Europe. Our annual report was additionally enhanced as we lowered our web debt-to-capital proportion to its floor given that 2003."
Mr. Barry added, "We are on track to produce document revenues for 2010. Our expectations for the second half are that our profits will certainly remain to be solid but will certainly be below the very first half because of a conditioning sought after as well as the lag effect on margins as we recuperate higher raw material expenses."
Mr. Barry proceeded, "We are pleased with our progression in 2010 in a number of methods. Besides our strong outcomes, we lowered our financial debt, increased our reward, made a little, however calculated, procurement, and also changed our credit score facility for reduced interest expenses, an extensive maturation date and also greater borrowing ability. Over the next couple of years, we believe Quaker is placed well for strong development. Our strong positions in the fastest growing nations like China, Brazil and India, as well as the steady rebound in the more mature markets such as the U.S. and Europe, is anticipated to supply us with broad-based organic growth in all regions and also businesses. Additionally, our strong annual report will certainly enable us to invest in our crucial growth campaigns and also expand by means of acquisition for the appropriate chances."
