OEC FY 2018 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

FY 2018 Earnings

Reported March 7, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.3B	—	18.8%
Op. Income	$178M	—	$152M	—	17.0%
Gross Margin	27.2%	—	28.4%	—	-1.2pp
Net Margin	7.7%	—	4.9%	—	2.8pp
EPS (Diluted)	$1.99	—	$1.07	—	86.0%
Free Cash Flow	$6M	—	$57M	—	-89.9%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$430M
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$232M
Other Expenses	$0
Operating Expenses	$252M
Cost & Expenses	$1.4B
OPERATING INCOME	$178M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$168M
Income Tax Expense	$47M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$98M
EBIT	$195M
EBITDA	$293M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$430M
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$232M
Other Expenses	$0
Operating Expenses	$252M
Cost & Expenses	$1.4B
OPERATING INCOME	$178M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$168M
Income Tax Expense	$47M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$98M
EBIT	$195M
EBITDA	$293M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$121M
Depreciation & Amortization	$98M
Stock-Based Compensation	$14M
Deferred Income Tax	-$4M
Other Non-Cash Items	$20M
Change in Working Capital	-$114M
OPERATING CASH FLOW	$122M
Capital Expenditure	-$116M
Acquisitions (Net)	-$37M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$65M
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	$14M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$48M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$6M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$57M
Short-Term Investments	$13M
Net Receivables	$263M
Inventory	$184M
Other Current Assets	$58M
TOTAL CURRENT ASSETS	$575M
PP&E (Net)	$484M
Goodwill	$56M
Intangible Assets	$95M
Long-Term Investments	$8M
Tax Assets	$52M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$698M
TOTAL ASSETS	$1.3B
Account Payables	$164M
Short-Term Debt	$41M
Deferred Revenue	$32M
Other Current Liabilities	$60M
TOTAL CURRENT LIABILITIES	$320M
Long-Term Debt	$644M
Deferred Revenue NC	$60M
Deferred Tax Liabilities	$46M
Other Non-Current Liabilities	$150M
TOTAL NON-CURRENT LIABILITIES	$794M
TOTAL LIABILITIES	$1.1B
Common Stock	$84M
Additional Paid-In Capital	$64M
Retained Earnings	$39M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$159M
Minority Interest	$0
TOTAL EQUITY	$159M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$685M
Net Debt	$628M