$KWR
QUAKER CHEMICAL CORP

2021 Q3 Form 10-Q Financial Statement

#000008136221000016 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2019 Q4
Revenue $449.1M $367.2M $391.3M
YoY Change 22.29% 12.95% 85.03%
Cost Of Revenue $303.9M $227.0M $255.2M
YoY Change 33.88% 3.16% 86.82%
Gross Profit $145.1M $140.2M $136.1M
YoY Change 3.52% 33.44% 81.9%
Gross Profit Margin 32.32% 38.18% 34.79%
Selling, General & Admin $104.2M $97.00M $101.5M
YoY Change 7.44% 20.03% 100.99%
% of Gross Profit 71.81% 69.19% 74.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.25M $20.70M $21.00M
YoY Change 2.67% 16.29% 337.5%
% of Gross Profit 14.64% 14.77% 15.43%
Operating Expenses $104.2M $97.10M $101.5M
YoY Change 7.33% 20.16% 100.99%
Operating Profit $36.01M $34.86M $20.28M
YoY Change 3.3% -340.37% 1.04%
Interest Expense -$5.269M $7.145M -$9.100M
YoY Change -173.74% 9.03% 1416.67%
% of Operating Profit -14.63% 20.5% -44.88%
Other Income/Expense, Net $647.0K -$239.0K $0.00
YoY Change -370.71% -217.73% -100.0%
Pretax Income $31.02M $27.78M $11.00M
YoY Change 11.65% -236.18% -42.71%
Income Tax $795.0K $2.245M -$2.000M
% Of Pretax Income 2.56% 8.08% -18.18%
Net Earnings $31.06M $27.30M $15.24M
YoY Change 13.75% -309.18% 95.26%
Net Earnings / Revenue 6.92% 7.44% 3.89%
Basic Earnings Per Share $1.74 $1.53 $0.86
Diluted Earnings Per Share $1.73 $1.53 $0.86
COMMON SHARES
Basic Shares Outstanding 17.81M shares 17.74M shares 17.73M shares
Diluted Shares Outstanding 17.87M shares 17.80M shares

Balance Sheet

Concept 2021 Q3 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $141.4M $155.8M $123.5M
YoY Change -9.25% 21.53% 18.64%
Cash & Equivalents $141.4M $155.8M $123.5M
Short-Term Investments
Other Short-Term Assets $63.28M $52.60M $41.50M
YoY Change 20.3% 2.53% 129.28%
Inventory $254.9M $171.3M $175.0M
Prepaid Expenses
Receivables $433.6M $338.9M $376.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $893.2M $718.6M $716.0M
YoY Change 24.3% -0.83% 71.08%
LONG-TERM ASSETS
Property, Plant & Equipment $225.1M $227.7M $213.5M
YoY Change -1.12% 11.56% 154.36%
Goodwill $630.7M $612.1M $607.2M
YoY Change 3.03% 9.84% 628.65%
Intangibles $1.045B $1.365B
YoY Change -20.05% 2010.12%
Long-Term Investments $94.11M $92.16M $93.82M
YoY Change 2.11% 0.25% 340.15%
Other Assets $50.02M $44.53M $40.43M
YoY Change 12.32% 2.81% 26.14%
Total Long-Term Assets $2.049B $2.035B $2.134B
YoY Change 0.69% 1.73% 633.06%
TOTAL ASSETS
Total Short-Term Assets $893.2M $718.6M $716.0M
Total Long-Term Assets $2.049B $2.035B $2.134B
Total Assets $2.942B $2.753B $2.850B
YoY Change 6.85% 1.05% 301.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $219.6M $165.6M $164.1M
YoY Change 32.62% -4.69% 86.86%
Accrued Expenses $54.06M $57.10M $83.61M
YoY Change -5.32% -18.54% 168.76%
Deferred Revenue $5.554M
YoY Change 153.96%
Short-Term Debt $52.61M $0.00 $38.33M
YoY Change 5621.19%
Long-Term Debt Due $52.61M $38.60M $38.30M
YoY Change 36.3% 5.75% 5371.43%
Total Short-Term Liabilities $410.0M $337.1M $359.9M
YoY Change 21.61% -2.5% 137.63%
LONG-TERM LIABILITIES
Long-Term Debt $839.3M $846.1M $882.4M
YoY Change -0.8% 2.37% 2355.72%
Other Long-Term Liabilities $134.5M $126.0M $66.38M
YoY Change 6.7% 12.69% 52.51%
Total Long-Term Liabilities $839.3M $972.1M $948.8M
YoY Change -13.67% 3.6% 1094.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $410.0M $337.1M $359.9M
Total Long-Term Liabilities $839.3M $972.1M $948.8M
Total Liabilities $1.559B $1.527B $1.608B
YoY Change 2.1% 0.38% 488.35%
SHAREHOLDERS EQUITY
Retained Earnings $382.5M $413.0M
YoY Change -5.45% 1.94%
Common Stock $918.4M $906.0M
YoY Change 1.65% 718.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.383B $1.226B $1.241B
YoY Change
Total Liabilities & Shareholders Equity $2.942B $2.753B $2.850B
YoY Change 6.85% 1.05% 301.64%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $31.06M $27.30M $15.24M
YoY Change 13.75% -309.18% 95.26%
Depreciation, Depletion And Amortization $21.25M $20.70M $21.00M
YoY Change 2.67% 16.29% 337.5%
Cash From Operating Activities $12.08M $67.30M $46.90M
YoY Change -82.05% 413.74% 68.1%
INVESTING ACTIVITIES
Capital Expenditures -$5.849M -$4.700M -$5.400M
YoY Change 24.45% 2.17% 31.71%
Acquisitions
YoY Change
Other Investing Activities -$2.551M $0.00 -$95.30M
YoY Change -100.0% -95400.0%
Cash From Investing Activities -$8.400M -$4.700M -$100.7M
YoY Change 78.72% -99.41% 2417.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.091M -233.8M 45.70M
YoY Change -97.39% -128.04% -329.65%
NET CHANGE
Cash From Operating Activities 12.08M 67.30M 46.90M
Cash From Investing Activities -8.400M -4.700M -100.7M
Cash From Financing Activities -6.091M -233.8M 45.70M
Net Change In Cash -2.414M -171.2M -8.100M
YoY Change -98.59% -483.0% -302.5%
FREE CASH FLOW
Cash From Operating Activities $12.08M $67.30M $46.90M
Capital Expenditures -$5.849M -$4.700M -$5.400M
Free Cash Flow $17.93M $72.00M $52.30M
YoY Change -75.1% 306.78% 63.44%

Facts In Submission

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RevenueFromContractWithCustomerIncludingAssessedTax
1026000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-1948000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4819000 USD
kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
14395000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
19344000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-22407000 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
0 USD
us-gaap Sublease Income
SubleaseIncome
0 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
10500000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10901000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
37971000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0426 pure
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0420 pure
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8104000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
38304000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4349000 USD
us-gaap Restructuring And Related Cost Description
RestructuringAndRelatedCostDescription
The Company’s management approved a global restructuring plan (the “QH Program”) as part of its plan to realize certain cost synergies associated with the Combination in the third quarter of 2019. The QH Program includes restructuring and associated severance costs to reduce total headcount by approximately 400 people globally, as well as plans for the closure of certain manufacturing and non-manufacturing facilities. The exact timing and total costs associated with the QH Program will depend on a number of factors and is subject to change; however, the Company currently expects reduction in headcount and site closures to continue to occur throughout 2021 and into 2022 under the QH Program and estimates that anticipated cost synergies realized from the QH Program will approximate one-times the restructuring costs incurred. Employee separation benefits will vary depending on local regulations within certain foreign countries and will include severance and other benefits.
us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
RestructuringAndRelatedCostExpectedNumberOfPositionsEliminated
400 People
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2307000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10147000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17820000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
25250 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0085 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3733 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.60 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
27304000 USD
us-gaap Net Income Loss
NetIncomeLoss
-8812000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
413000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
102830000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
27304000 USD
us-gaap Net Income Loss
NetIncomeLoss
-8812000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
412000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
102831000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17800082 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17704662 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
59986 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17860068 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3722 shares
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
141393000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
181833000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
141393000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
174733000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
181895000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
143555000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
631212000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
630669000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
839275000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
849068000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3562000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
314000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
702000 USD
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
368000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-3080000 USD
CY2021Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-537000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-105000 USD
CY2021Q3 kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
3000 USD
kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
2131000 USD
CY2021Q3 kwr Pensionandpostretirementbenefitcostsnonservicecomponents
Pensionandpostretirementbenefitcostsnonservicecomponents
343000 USD
CY2020Q3 kwr Pensionandpostretirementbenefitcostsnonservicecomponents
Pensionandpostretirementbenefitcostsnonservicecomponents
1375000 USD
kwr Pensionandpostretirementbenefitcostsnonservicecomponents
Pensionandpostretirementbenefitcostsnonservicecomponents
596000 USD
kwr Pensionandpostretirementbenefitcostsnonservicecomponents
Pensionandpostretirementbenefitcostsnonservicecomponents
-22491000 USD
CY2021Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
156000 USD
CY2020Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
117000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
456000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
436000 USD
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
647000 USD
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-239000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.026 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.218 pure
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.081 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.383 pure
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
5900000 USD
CY2021Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
5800000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24000000.0 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
1900000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
200000 USD
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
400000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
-100000 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
200000 USD
CY2020Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
200000 USD
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
400000 USD
CY2020Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
100000 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
500000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
3300000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
3500000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
3000000.0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
3900000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1200000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1900000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1383696000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.395
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1320914000 USD
us-gaap Profit Loss
ProfitLoss
103305000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.205
us-gaap Profit Loss
ProfitLoss
-8724000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3046000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-54723000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-26598000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-54723000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
31058000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
113000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-44000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27191000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8768000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17812216 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17743538 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17800082 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17704662 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.74
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
31058000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
119000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
113000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-44000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
30939000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
27191000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8768000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17812216 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17743538 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
58176 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
57327 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17870392 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17800865 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17704662 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.73
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5531 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Loss Contingency Settlement Agreement Terms
LossContingencySettlementAgreementTerms
Prior to December 2020, the Company had restricted cash recorded in other assets related to proceeds from an inactive subsidiary of the Company which previously executed separate settlement and release agreements with two of its insurance carriers for an original total value of $35.0 million.
CY2020 us-gaap Loss Contingency Receivable Proceeds
LossContingencyReceivableProceeds
35000000.0 USD
us-gaap Interest Income Other
InterestIncomeOther
100000 USD
us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
800000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155750000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
123524000 USD
CY2021Q3 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
0 USD
CY2020Q3 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
82000 USD
CY2020Q4 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
62000 USD
CY2019Q4 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
353000 USD
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
0 USD
CY2020Q3 us-gaap Restricted Cash
RestrictedCash
18901000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
0 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
19678000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
7093000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-7636000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1021916000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1012371000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
178328000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
136113000 USD
CY2021Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
14900000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
44700000 USD
CY2020Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
14000000.0 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
41700000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
58852000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
59173000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
59005000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
58338000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
57653000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
57346000 USD
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
205100000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
205100000 USD
CY2020Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
38000000.0 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
17804000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
23183000 USD
CY2021Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
900662000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
899134000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8776000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11099000 USD
CY2021Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
52611000 USD
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
38967000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
839275000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
849068000 USD
CY2021Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
300000000.0 USD
CY2021Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
4000000 USD
us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
The Credit Facility is subject to certain financial and other covenants. The Company’s initial consolidated net debt to consolidated adjusted EBITDA ratio could not exceed 4.25 to 1, with step downs in the permitted ratio over the term of the Credit Facility.
CY2021Q3 kwr Initial Consolidated Net Debt To Consolidated Ebitda Ratio
InitialConsolidatedNetDebtToConsolidatedEbitdaRatio
4.25 pure
CY2021Q3 kwr Consolidated Adjusted Ebitda To Interest Expense Ratio
ConsolidatedAdjustedEbitdaToInterestExpenseRatio
3.0 pure
CY2021Q3 kwr Maximum Annual Cash Dividends Restriction Based On Covenants
MaximumAnnualCashDividendsRestrictionBasedOnCovenants
50000000.0 USD
CY2021Q3 kwr Percentage Of Cash Dividends Of Consolidated Adjusted Ebitda
PercentageOfCashDividendsOfConsolidatedAdjustedEbitda
0.20 pure
us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
As of September 30, 2021 and December 31, 2020, the Company was in compliance with all of the Credit Facility covenants.
CY2021Q3 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
23700000 USD
CY2021Q3 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
8800000 USD
CY2020Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
11100000 USD
us-gaap Concentration Risk Credit Risk Financial Instruments Off Balance Sheet Risk
ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRisk
In addition to the bank letters of credit described in the “Credit facilities” subsection above, the Company’s only other off-balance sheet arrangements include certain financial and other guarantees. The Company’s total bank letters of credit and guarantees outstanding as of September 30, 2021 were approximately $7 million.
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
4779000 USD
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
5957000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
14242000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
19621000 USD
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1187000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1188000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3562000 USD
CY2021Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
5966000 USD
CY2020Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
7145000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1375401000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
31073000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18780000 USD
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.415
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
7424000 USD
CY2021Q3 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
3426000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1167341000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
27342000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
34271000 USD
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
7048000 USD
CY2020Q3 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
4525000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1226431000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-28119000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
21548000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
9144000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1383696000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1242366000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.165
us-gaap Dividends Common Stock
DividendsCommonStock
20735000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
1047000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
751000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
13187000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1226431000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-35943000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-18935000 USD
CY2021Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
533000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-378000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-109264000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
33970000 USD
CY2020Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
480000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-196000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-75010000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-26804000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-836000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-485000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-78170000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-14930000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
25321000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-7231000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-75010000 USD
CY2021Q3 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
2135000 USD
CY2021Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2135000 USD
CY2020Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
1961000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1961000 USD
CY2021Q3 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
2789000 USD
CY2020Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
4672000 USD
us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
2148000 USD
CY2020 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
3598000 USD
CY2021Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
300000 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
100000 USD

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