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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 155,093 $ 179,829
Accounts receivable, net 463,603 417,157
Inventories    
Raw materials and supplies 142,116 124,751
Work-in-process and finished goods 161,994 141,025
Prepaid expenses and other current assets 68,242 58,428
Total current assets 991,048 921,190
Property, plant and equipment, at cost 624,164 604,787
Less: Accumulated depreciation (309,568) (291,364)
Property, plant and equipment, net 314,596 313,423
Right-of-use lease assets 53,650 38,737
Goodwill 503,721 501,720
Other intangible assets, net 829,479 873,540
Investments in associated companies 105,906 106,915
Deferred tax assets 12,737 12,128
Other non-current assets 39,979 30,283
Total assets 2,851,116 2,797,936
Current liabilities    
Short-term borrowings and current portion of long-term debt 15,654 35,657
Accounts payable 234,319 198,929
Dividends payable 8,744 8,804
Accrued compensation 41,280 41,192
Accrued restructuring 8,807 8,351
Accrued pension and postretirement benefits 2,120 2,126
Other accrued liabilities 92,473 85,097
Total current liabilities 403,397 380,156
Long-term debt 857,790 834,901
Long-term lease liabilities 37,628 22,759
Deferred tax liabilities 131,314 140,814
Non-current accrued pension and postretirement benefits 20,159 20,615
Other non-current liabilities 20,229 22,192
Total liabilities 1,470,517 1,421,437
Commitments and contingencies (Note 18)
Equity    
Common stock $1 par value; authorized 30,000,000 shares; issued and outstanding June 30, 2026 – 17,212,963 shares; December 31, 2025 – 17,331,779 shares 17,213 17,332
Capital in excess of par value 855,896 874,826
Retained earnings 625,554 596,616
Accumulated other comprehensive loss (121,488) (115,661)
Total Quaker shareholders’ equity 1,377,175 1,373,113
Noncontrolling interest 3,424 3,386
Total equity 1,380,599 1,376,499
Total liabilities and equity $ 2,851,116 $ 2,797,936