Quaker Chemical Q1 Profit Decreases - Quick Facts

(RTTNews) - Quaker Chemical Corporation (KWR) reported that its third-quarter net income attributable to company decreased to $10.4 million from $12.7 million, a year ago. Earnings per share were $0.78 compared to $0.96. The company said the key driver in the decrease in reported earnings per share compared to the first quarter of 2014 was a $2.8 million, or $0.21 per share, charge related to the company's Venezuelan affiliate. Non-GAAP earnings per share for the first quarter of 2015 was $0.94.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $181.3 million, compared to $181.7 million, a year ago. Increases in product volume, including additional sales from acquisitions, were offset by a decrease of $12.1 million, or 7%, due to the negative impacts of foreign currency exchange rate translation.