Quaker Chemical Corporation (NYSE:KWR) Q1 2018 Earnings Conference Call Transcript
May 01, 2018 • 08:30 am ET
Mary Dean Hall
7, we see the sequential uptick in gross margin that I described earlier. We believe our insignificant increases in raw materials from current levels that we will see our gross margins trending upward over the next few quarters to the 36% area.
Chart 8 shows our continued and consistent positive trend in adjusted EBITDA as we further leverage our operating cost while growing the Company, and the current trailing 12 months adjusted EBITDA of $117.9 million is our highest to date.
Chart 9 depicts our cash and debt balances and reflects our strong balance sheet with a net cash position of $17.2 million as I mentioned earlier.
In summary, Quaker continues to consistently deliver good earnings and cash flow despite various market challenges. We expect 2018 to be another good year for Quaker as we focus on delivering value to our shareholders and closing the Houghton combination.
Thank you all for your interest in Quaker, and now, back to you, Mike.
Michael F. Barry
Thank you, Mary. At this stage we like to address any questions from the participants on the conference call.