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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 172,038 $ 188,880
Accounts receivable, net 436,216 400,126
Inventories    
Raw materials and supplies 124,225 112,457
Work-in-process and finished goods 144,383 115,015
Prepaid expenses and other current assets 69,123 59,939
Total current assets 945,985 876,417
Property, plant and equipment, at cost 579,429 483,033
Less: Accumulated depreciation (283,645) (253,501)
Property, plant and equipment, net 295,784 229,532
Right-of-use lease assets 38,454 34,120
Goodwill 501,767 518,894
Other intangible assets, net 890,645 827,098
Investments in associated companies 106,783 98,012
Deferred tax assets 10,050 9,216
Other non-current assets 27,329 17,360
Total assets 2,816,797 2,610,649
Current liabilities    
Short-term borrowings and current portion of long-term debt 35,949 37,554
Accounts payable 205,541 198,137
Dividends payable 8,825 8,572
Accrued compensation 42,095 50,212
Accrued restructuring 4,800 2,297
Accrued pension and postretirement benefits 2,259 2,328
Other accrued liabilities 83,930 80,668
Total current liabilities 383,399 379,768
Long-term debt 838,522 669,614
Long-term lease liabilities 22,637 20,028
Deferred tax liabilities 150,726 138,828
Non-current accrued pension and postretirement benefits 23,769 23,783
Other non-current liabilities 30,861 24,445
Total liabilities 1,449,914 1,256,466
Commitments and contingencies (Note 18)
Equity    
Common stock $1 par value; authorized 30,000,000 shares; issued and outstanding September 30, 2025 – 17,367,942 shares; December 31, 2024 – 17,673,607 shares 17,368 17,674
Capital in excess of par value 876,911 903,781
Retained earnings 584,706 633,731
Accumulated other comprehensive loss (115,333) (201,619)
Total Quaker shareholders’ equity 1,363,652 1,353,567
Noncontrolling interest 3,231 616
Total equity 1,366,883 1,354,183
Total liabilities and equity $ 2,816,797 $ 2,610,649