Earnings Per Share

6 Months Ended

Jun. 30, 2025

The following table summarizes earnings (loss) per share calculations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Basic earnings per common share
Net (loss) income attributable to Quaker Chemical Corporation	$	(66,580)	$	34,885	$	(53,658)	$	70,112
Less: loss (income) allocated to participating securities	82		(118)		91		(276)
Net (loss) income available to common shareholders	$	(66,498)	$	34,767	$	(53,567)	$	69,836
Basic weighted average common shares outstanding	17,572,447		17,921,395		17,605,920		17,915,104
Basic (loss) earnings per common share	$	(3.78)	$	1.94	$	(3.04)	$	3.90

Diluted earnings per common share
Net (loss) income attributable to Quaker Chemical Corporation	$	(66,580)	$	34,885	$	(53,658)	$	70,112
Less: loss (income) allocated to participating securities	82		(118)		90		(276)
Net (loss) income available to common shareholders	$	(66,498)	$	34,767	$	(53,568)	$	69,836
Basic weighted average common shares outstanding	17,572,447		17,921,395		17,605,920		17,915,104
Effect of dilutive securities	20,524		18,761		24,621		19,846
Diluted weighted average common shares outstanding	17,592,971		17,940,156		17,630,541		17,934,950
Diluted (loss) earnings per common share	$	(3.78)	$	1.94	$	(3.04)	$	3.89

Certain stock options, restricted stock units, and PSUs are not included in the diluted earnings per share calculation when the effect would be anti-dilutive. The number of anti-dilutive shares were 60,117 and 67,575, respectively, for the three and six months ended June 30, 2025, compared to 16,098 and 31,000, respectively, for the three and six months ended June 30, 2024