Earnings Per Share

6 Months Ended

Jun. 30, 2026

The following table summarizes earnings per share calculations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic earnings per common share
Net income (loss) attributable to Quaker Chemical Corporation	$	26,835	$	(66,580)	$	46,504	$	(53,658)
Less: (income) loss allocated to participating securities	(128)		82		(153)		91
Net income (loss) available to common shareholders	$	26,707	$	(66,498)	$	46,351	$	(53,567)
Basic weighted average common shares outstanding	17,109,417		17,572,447		17,217,771		17,605,920
Basic earnings (loss) per common share	$	1.56	$	(3.78)	$	2.69	$	(3.04)

Diluted earnings per common share
Net income (loss) attributable to Quaker Chemical Corporation	$	26,835	$	(66,580)	$	46,504	$	(53,658)
Less: (income) loss allocated to participating securities	(127)		82		(153)		90
Net income (loss) available to common shareholders	$	26,708	$	(66,498)	$	46,351	$	(53,568)
Basic weighted average common shares outstanding	17,109,417		17,572,447		17,217,771		17,605,920
Effect of dilutive securities	90,249		20,524		81,511		24,621
Diluted weighted average common shares outstanding	17,199,666		17,592,971		17,299,282		17,630,541
Diluted earnings (loss) per common share	$	1.55	$	(3.78)	$	2.68	$	(3.04)

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 28,040 and 39,405, respectively, for the three and six months ended June 30, 2026, compared to 60,117 and 67,575, respectively, for the three and six months ended June 30, 2025