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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
October 14, 2004
Date of Report (Date of earliest event reported)
QUAKER CHEMICAL CORPORATION
(Exact name of Registrant as specified in its charter)
Commission File Number 0-7154
PENNSYLVANIA No. 23-0993790
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
One Quaker Park
901 Hector Street
Conshohocken, Pennsylvania 19428
(Address of principal executive offices)
(Zip Code)
(610) 832-4000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 2.02 Results of Operations and Financial Condition.
On October 14, 2004, Quaker Chemical Corporation announced guidance
relating to its results of operations for the quarter ended September 30, 2004
in a press release, the text of which is included as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
The following exhibit is included as part of this report:
Exhibit No.
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99.1 Press Release of Quaker Chemical Corporation dated
October 14, 2004.
-2-
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
QUAKER CHEMICAL CORPORATION
Registrant
Date: October 14, 2004 By: /s/ Neal E. Murphy
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Neal E. Murphy
Vice President and
Chief Financial Officer
-3-
Exhibit 99.1
[LOGO] Quaker
For Release: NEWS Contact:
Immediate Neal E. Murphy
Vice President and
Chief Financial Officer
610/832-4189
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Quaker Chemical Expects Full-Year Earnings to Be Lower Than Prior Guidance
CONSHOHOCKEN, Pa., Oct. 14 /PRNewswire-FirstCall/ -- Quaker Chemical
Corporation (NYSE: KWR) today announced that it expects full-year earnings to
be below previous guidance of around $1.52 per share. A review of preliminary
third quarter earnings indicates that profits for the quarter will be
considerably lower than the Company's expectations, and it is unlikely that
fourth quarter earnings recovery will be sufficient to reach previous full-
year guidance.
Ronald J. Naples, Chairman and Chief Executive Officer, commented, "It has
become clear that the key factors upon which our prior earnings guidance for
the year was predicated have not advanced at the expected pace, and our third
quarter profits are lower than planned. Certainly, unexpected dramatic
increases in the price of oil have been a factor. We are continuing to
analyze third quarter earnings and are assessing full-year implications. It's
important to note that we are staying focused on controlling raw material
costs, implementing price increases to offset raw material costs, advancing
Quaker product conversions in our CMS business, and building volume."
As previously announced, the Company expects to release its third quarter
earnings on October 28, 2004 (after market close) to be followed by an
investor conference call to discuss third quarter results on October 29, 2004
at 2:30 p.m. (ET). Access the conference by calling 877-269-7756 (toll free)
or visit Quaker's Web site at http://www.quakerchem.com for a live webcast.
Quaker Chemical Corporation, headquartered in Conshohocken, Pennsylvania,
is a worldwide developer, producer, and marketer of custom-formulated chemical
specialty products and a provider of chemical management services for
manufacturers around the globe, primarily in the steel and automotive
industries.
This release contains forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those projected in such statements. A major risk is that the
Company's demand is largely derived from the demand for its customers'
products, which subjects the Company to downturns in a customer's business and
unanticipated customer production shutdowns. Other major risks and
uncertainties include, but are not limited to, significant increases in raw
material costs, customer financial stability, worldwide economic and political
conditions, foreign currency fluctuations, and future terrorist attacks such
as those that occurred on September 11, 2001.
SOURCE Quaker Chemical Corporation
-0- 10/14/2004
/CONTACT: Neal E. Murphy, Vice President and Chief Financial Officer,
Quaker Chemical Corporation, +1-610-832-4189/
/Web site: http://www.quakerchem.com /
(KWR)
CO: Quaker Chemical Corporation
ST: Pennsylvania
IN: CHM
SU: ERP CCA MAV