OEC FY 2022 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

FY 2022 Earnings

Reported February 23, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.0B	—	$1.5B	—	31.3%
Op. Income	$200M	—	$154M	—	29.7%
Gross Margin	22.1%	—	25.0%	—	-2.9pp
Net Margin	5.2%	—	8.7%	—	-3.5pp
EPS (Diluted)	$1.73	—	$2.21	—	-21.7%
Free Cash Flow	-$152M	—	-$70M	—	-118.4%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$449M
R&D Expenses	$22M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$227M
Other Expenses	$0
Operating Expenses	$249M
Cost & Expenses	$1.8B
OPERATING INCOME	$200M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$158M
Income Tax Expense	$52M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$106M
EBIT	$202M
EBITDA	$308M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$449M
R&D Expenses	$22M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$227M
Other Expenses	$0
Operating Expenses	$249M
Cost & Expenses	$1.8B
OPERATING INCOME	$200M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$158M
Income Tax Expense	$52M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$106M
EBIT	$202M
EBITDA	$308M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$106M
Depreciation & Amortization	$106M
Stock-Based Compensation	$8M
Deferred Income Tax	$7M
Other Non-Cash Items	-$7M
Change in Working Capital	-$139M
OPERATING CASH FLOW	$81M
Capital Expenditure	-$233M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$233M
Net Debt Issuance	$159M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$5M
Other Financing Activities	-$200.0K
NET CASH FROM FINANCING	$149M
FREE CASH FLOW	-$152M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$61M
Short-Term Investments	$0
Net Receivables	$404M
Inventory	$278M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$779M
PP&E (Net)	$812M
Goodwill	$73M
Intangible Assets	$132M
Long-Term Investments	$62M
Tax Assets	$29M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.9B
Account Payables	$184M
Short-Term Debt	$258M
Deferred Revenue	$0
Other Current Liabilities	$51M
TOTAL CURRENT LIABILITIES	$553M
Long-Term Debt	$657M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$70M
Other Non-Current Liabilities	$62M
TOTAL NON-CURRENT LIABILITIES	$877M
TOTAL LIABILITIES	$1.4B
Common Stock	$85M
Additional Paid-In Capital	$76M
Retained Earnings	$319M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$459M
Minority Interest	$0
TOTAL EQUITY	$459M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$1.0B
Net Debt	$953M