Earnings Per Share

12 Months Ended

Dec. 31, 2025

The following table summarizes earnings per share calculations for the years ended December 31, 2025, 2024 and 2023:


	2025		2024		2023
Basic earnings per common share
Net (loss) income attributable to Quaker Chemical Corporation	$	(2,488)	$	116,644	$	112,748
Less: loss (income) allocated to participating securities	20		(375)		(555)
Net (loss) income available to common shareholders	$	(2,468)	$	116,269	$	112,193
Basic weighted average common shares outstanding	17,472,907		17,850,462		17,892,461
Basic (loss) earnings per common share	$	(0.14)	$	6.51	$	6.27

Diluted earnings per common share
Net (loss) income attributable to Quaker Chemical Corporation	$	(2,488)	$	116,644	$	112,748
Less: loss (income) allocated to participating securities	20		(375)		(554)
Net (loss) income available to common shareholders	$	(2,468)	$	116,269	$	112,194
Basic weighted average common shares outstanding	17,472,907		17,850,462		17,892,461
Effect of dilutive securities	—		19,605		22,348
Diluted weighted average common shares outstanding	17,472,907		17,870,067		17,914,809
Diluted (loss) earnings per common share	$	(0.14)	$	6.51	$	6.26

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 79,144, 32,353, and 10,621 for the years ended December 31, 2025, 2024 and 2023, respectively.