Quaker Chemical Corp Q1 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Brendan J. Popson - CJS Securities, Inc. - Analyst : This is Brendan Popson on for Jon. So I wanted to ask real quick just about -- and you actually touched on this already in your prepared comments about gaining share. Do you see with everything going on, pressures on your competitors base -- obviously, there are some pressures, but do you without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. MAY 12, 2020 / 12:30PM, KWR - Q1 2020 Quaker Chemical Corp Earnings Call -- how is the difference between larger and smaller competitors? Are smaller competitors going to be cash traps very quickly and give you an opportunity? Or what are you guys seeing competitively?

Question: Brendan J. Popson - CJS Securities, Inc. - Analyst : That makes sense. And then with -- looking at aerospace, talked about how that Boeing was a 1% hit. Could you just reiterate again how much as a percent of revenue in your margin is aerospace? And how you think about going forward? And given everything seems to keep getting pushed out, I think there's some commentary even this morning from Boeing about kind of damping down expectations for ramping that with just air travel, and how long that might take to ramp back up again?

Question: Brendan J. Popson - CJS Securities, Inc. - Analyst : Okay. Lastly, cost savings expected and -- to generate in 2020 on top of any additional synergies and are -- and how much of it will be a temporary reduction versus like a fixed cost reduction?