Norman Hay Engineering\u00a0(http:\/\/www.nhe.uk.com)<\/a><\/li>\n<\/ul>\nNon-GAAP Measures<\/strong>
\nThe information included in this public release references certain non-GAAP (unaudited) financial measures.\u00a0 The Company presents EBITDA, which is calculated as net income attributable to the Company before depreciation and amortization, interest expense, net, and taxes on income before equity in net income of associated companies.\u00a0 The Company also presents adjusted EBITDA, which is calculated as EBITDA plus or minus certain items that are not indicative of future operating performance or not considered core to the Company’s operations.\u00a0 The non-GAAP figures of\u00a0Norman Hay plc’s\u00a0adjusted EBITDA referenced in this release were calculated in accordance with the Company’s methodologies. The Company believes the non-GAAP financial measures provide meaningful supplemental information as they enhances a reader’s understanding of the financial performance of the Company and the acquisition, are more indicative of future operating performance of the Company, and facilitate a better comparison among fiscal periods, as the non-GAAP financial measures exclude items that are not indicative of future operating performance or not considered core to the Company’s or the acquisition’s operations.\u00a0 Non-GAAP results are presented for supplemental informational purposes only and should not be considered a substitute for the financial information presented in accordance with GAAP.<\/p>\nForward-Looking Statements<\/strong>
\nThis press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.\u00a0 These statements can be identified by the fact that they do not relate strictly to historical or current facts.\u00a0 We have based these forward-looking statements on our current expectations about future events.\u00a0 These forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, intentions, financial condition, results of operations, future performance, and business, including but not limited to statements relating to the contemplated acquisition described above, our current and future results and plans, and statements that include the words “may,” “could,” “should,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan” or similar expressions.\u00a0 These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in such statements.\u00a0 A major risk is that demand for the Company’s products and services is largely derived from the demand for its customers’ products, which subjects the Company to uncertainties related 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, significant changes in applicable tax rates and regulations, future terrorist attacks and other acts of violence. Furthermore, the Company is subject to the same business cycles as those experienced by steel, automobile, aircraft, appliance, and durable goods manufacturers.\u00a0 Our forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its operations that are subject to change based on various important factors, some of which are beyond our control.\u00a0 These risks, uncertainties, and possible inaccurate assumptions relevant to the Company’s business could cause its actual results to differ materially from expected and historical results.<\/p>\nOther factors, including those related to the acquisition described above, could also adversely affect us including, but not limited to:<\/p>\n
\n- potential adverse effects on the Company’s business, properties or operations caused by the implementation of the acquisition;<\/li>\n
- the company’s ability to promptly, efficiently and effectively integrate the acquired business’ operations with those of the Company;<\/li>\n
- risks related to disruption of management time from ongoing business operations due to the acquisition; and<\/li>\n
- the outcome of any legal proceedings that may be instituted against the companies following announcement of the acquisition and transactions contemplated in the related purchase agreement.<\/li>\n<\/ul>\n
Therefore, we caution you not to place undue reliance on our forward-looking statements.\u00a0 For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to the Risk Factors detailed in Item 1A of our Form 10-K for the year ended\u00a0December 31, 2018, as amended, and in our quarterly and other reports filed from time to time with the SEC.\u00a0 We do not intend to, and we disclaim any duty or obligation to, update or revise any forward-looking statements to reflect new information or future events or for any other reason.\u00a0 This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995.<\/p>\n
<\/p>\n
About Quaker Houghton<\/strong><\/em>
\n Quaker Houghton\u00a0(NYSE: KWR) is the global leader in industrial process fluids. With a robust presence around the world, including operations in over 25 countries, our customers include thousands of the world’s most advanced and specialized steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. Our high-performing, innovative and sustainable solutions are backed by best-in-class technology, deep process knowledge and customized services. With 4,000 employees, including chemists, engineers and industry experts, we partner with our customers to improve their operations so they can run even more efficiently, even more effectively, whatever comes next. Quaker Houghton is headquartered in\u00a0Conshohocken, Pennsylvania, located near\u00a0Philadelphia\u00a0in\u00a0the United States. Quaker Houghton will host an Investor Day on\u00a0Wednesday, December 11, 2019\u00a0in\u00a0New York City\u00a0at the\u00a0New York Stock Exchange.\u00a0 Visit quakerhoughton.com to learn more.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Quaker Houghton\u00a0(NYSE: KWR) has closed its previously announced acquisition of the operating divisions of\u00a0Norman Hay…<\/p>\n","protected":false},"author":1,"featured_media":2589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"class_list":["post-2809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"yoast_head":"\n
Quaker Houghton Acquires Operating Divisions of Norman Hay plc<\/title>\n<meta name=\"description\" content=\"Quaker Houghton (NYSE: KWR) has closed its previously announced acquisition of the operating divisions of Norman Hay plc\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ultraseal-impregnation.com\/gb\/2019\/10\/02\/quaker-houghton-acquires-operating-divisions-of-norman-hay-plc\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quaker Houghton Acquires Operating Divisions of Norman Hay plc\" \/>\n<meta property=\"og:description\" content=\"Quaker Houghton (NYSE: KWR) has closed its previously announced acquisition of the operating divisions of Norman Hay plc\" \/>\n<meta property=\"og:url\" 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Quaker Houghton\u00a0(NYSE: KWR) has closed its previously announced acquisition of the operating divisions of\u00a0Norman Hay plc, a private\u00a0UK\u00a0company that provides specialty chemicals, operating equipment, and services to industrial end markets, for a purchase price of\u00a080 million GBP\u00a0(~$98 million\u00a0at today’s rates), subject to post-closing adjustments. Prior to close, Quaker\u00a0Houghton received German regulatory approval as required.<\/p>\n