Did KWR's Q4 earnings surprise mark a turnaround?

**Quaker Chemical's (KWR) Q4 earnings did not mark a turnaround.** Here's why:

1. **Consistent Decline in Earnings**: The EPS of $444.09 million reported for Q4 2024 shows a significant drop from the previous quarter's EPS of $462.3 million, which itself was a 5.8% decrease from the quarter before. This trend of declining earnings persists, indicating a challenging period for the company.
2. **Revenue Fall**: The total revenue for Q4 2024 was $444.09 million, reflecting a decline from the previous quarter's revenue of $462.27 million. This reduction in revenue, coupled with lower earnings per share, suggests that Quaker Chemical is facing ongoing challenges.
3. **Missed Expectations**: Analysts had anticipated a decline in earnings and lower revenues for the quarter ended September 2024, which aligns with the actual figures reported. This consistency between expected and actual results indicates that the company's performance has not improved unexpectedly.
4. **Lack of Turnaround Indicators**: There are no indicators of a turnaround in the Q4 2024 earnings report. Instead, the figures point to continued struggles for Quaker Chemical, without any signs of a reversal in fortunes.

In conclusion, Quaker Chemical's Q4 2024 earnings do not signal a turnaround, as the company continues to face challenges with declining earnings and revenue, missing analyst expectations, and no indication of an imminent reversal.