OEC FY 2017 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

FY 2017 Earnings

Reported February 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.1B	—	22.6%
Op. Income	$152M	—	$165M	—	-8.1%
Gross Margin	28.4%	—	32.8%	—	-4.4pp
Net Margin	4.9%	—	4.6%	—	0.3pp
EPS (Diluted)	$1.07	—	$0.82	—	30.5%
Free Cash Flow	$57M	—	$105M	—	-45.4%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$951M
GROSS PROFIT	$378M
R&D Expenses	$18M
Selling & Marketing	$130M
General & Administrative	$80M
SG&A Expenses	$210M
Other Expenses	$0
Operating Expenses	$226M
Cost & Expenses	$1.2B
OPERATING INCOME	$152M
Interest Income	$824.0K
Interest Expense	$29M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$85M
Income Tax Expense	$20M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$98M
EBIT	$122M
EBITDA	$220M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$951M
GROSS PROFIT	$378M
R&D Expenses	$18M
Selling & Marketing	$130M
General & Administrative	$80M
SG&A Expenses	$210M
Other Expenses	$0
Operating Expenses	$226M
Cost & Expenses	$1.2B
OPERATING INCOME	$152M
Interest Income	$824.0K
Interest Expense	$29M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$85M
Income Tax Expense	$20M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$98M
EBIT	$122M
EBITDA	$220M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$65M
Depreciation & Amortization	$98M
Stock-Based Compensation	$9M
Deferred Income Tax	-$8M
Other Non-Cash Items	$14M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$148M
Capital Expenditure	-$90M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$90M
Net Debt Issuance	-$23M
Common Stock Repurchased	$0
Common Dividends Paid	-$46M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$68M
FREE CASH FLOW	$57M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$72M
Short-Term Investments	$3M
Net Receivables	$285M
Inventory	$159M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$521M
PP&E (Net)	$462M
Goodwill	$58M
Intangible Assets	$71M
Long-Term Investments	$6M
Tax Assets	$44M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$648M
TOTAL ASSETS	$1.2B
Account Payables	$170M
Short-Term Debt	$6M
Deferred Revenue	$75M
Other Current Liabilities	$53M
TOTAL CURRENT LIABILITIES	$284M
Long-Term Debt	$681M
Deferred Revenue NC	$83M
Deferred Tax Liabilities	$25M
Other Non-Current Liabilities	$103M
TOTAL NON-CURRENT LIABILITIES	$785M
TOTAL LIABILITIES	$1.1B
Common Stock	$84M
Additional Paid-In Capital	$103M
Retained Earnings	$75M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$55M
Other Equity	-$5M
TOTAL STOCKHOLDERS' EQUITY	$100M
Minority Interest	$0
TOTAL EQUITY	$100M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$682M
Net Debt	$610M