A Message From Andrew E. Tometich
Chief Executive Officer & President

Dear Fellow Shareholders:

It was another year of extraordinary challenges in 2022. Significant macroeconomic, geopolitical and market dynamics tested our ability to operate effectively and efficiently while delivering on our commitments to customers.

Our global team’s strong performance overcame adversity by constantly turning it into opportunity, which enabled us to address our customers’ ever-evolving needs. We delivered record net sales of more than $1.9 billion in 2022, while offsetting the unprecedented inflationary pressures on our business and making clear progress toward restoring our margins back to historical levels. Earning new business in this challenging environment, we also demonstrated the value and breadth of the products and services we provide – and the resiliency of our people.

“I am confident in our ability to deliver long-term profitable growth and value for all stakeholders.”

We are continuously building on a strong foundation to enable us to realize our full growth potential. The prudent investments we are making are designed to enhance the value we provide to customers, shareholders and other stakeholders. We are leveraging our scale and capabilities, advancing our digital transformation, including our Fluid Intelligence offerings, and cultivating critical capabilities to expand our platforms of sustainable solutions. These investments and actions will further differentiate our leading customer intimate strategy, promote innovation and organic growth while also driving a more profitable and productive organization.

We remain committed to deploying a disciplined capital allocation strategy and a healthy balance sheet. Our approach to strategic bolt-on acquisitions continues to supplement our organic growth. In 2022, we completed three acquisitions to bolster our technical expertise. Additionally, we also increased our dividend for the 13th consecutive year.

2023 Proxy Statement
2022 Annual Report & Form 10-K

Sustainability for our customers, and ourselves, remains at the core of Quaker Houghton’s culture and strategy. During the past year, we made meaningful progress toward our 2030 goals. This includes accelerating the achievement of our carbon neutrality target through the use of renewable energy certifications to offset a sizable portion of our greenhouse gas emissions. In addition, safety remains a top priority. I am proud of the dedication of our approximately 4,600 employees to our ‘Live Safe’ value and the recognition of these efforts through customer and industry awards, such as being named to Newsweek’s 2023 List of America’s Most Responsible Companies.

We enter 2023 with positive momentum and expect it to be another strong year for our Company. The future for Quaker Houghton is bright and we are committed to continued execution on those items within our control. I am confident in our ability to deliver long-term profitable growth and value for all stakeholders.

Thank you for your continued interest and confidence in Quaker Houghton.

Best Regards,

Andy Tometich
Chief Executive Officer and President