Earnings Per Share

3 Months Ended

Mar. 31, 2026

The following table summarizes earnings per share calculations:


	Three Months Ended March 31,
	2026		2025
Basic earnings per common share
Net income attributable to Quaker Chemical Corporation	$	19,669	$	12,922
Less: income allocated to participating securities	(10)		(22)
Net income available to common shareholders	$	19,659	$	12,900
Basic weighted average common shares outstanding	17,326,847		17,639,764
Basic earnings per common share	$	1.13	$	0.73

Diluted earnings per common share
Net income attributable to Quaker Chemical Corporation	$	19,669	$	12,922
Less: income allocated to participating securities	(10)		(22)
Net income available to common shareholders	$	19,659	$	12,900
Basic weighted average common shares outstanding	17,326,847		17,639,764
Effect of dilutive securities	84,247		30,201
Diluted weighted average common shares outstanding	17,411,094		17,669,965
Diluted earnings per common share	$	1.13	$	0.73

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 61,990 and 70,771, respectively, for the three months ended March 31, 2026 and 2025