OEC Q1 2017 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

Q1 2017 Earnings

Reported March 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$325M	$291M	—	11.9%	—
Op. Income	$40M	$37M	—	9.0%	—
Gross Margin	29.5%	31.5%	—	-2.0pp	—
Net Margin	5.2%	6.9%	—	-1.7pp	—
EPS (Diluted)	$0.28	$0.33	—	-15.2%	—
Free Cash Flow	-$5M	$24M	—	-119.4%	—

Revenue Flow

Item	Amount
REVENUE	$325M
Cost of Revenue	$229M
GROSS PROFIT	$96M
R&D Expenses	$4M
Selling & Marketing	$31M
General & Administrative	$20M
SG&A Expenses	$51M
Other Expenses	$0
Operating Expenses	$55M
Cost & Expenses	$284M
OPERATING INCOME	$40M
Interest Income	$8M
Interest Expense	$19M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$27M
Income Tax Expense	$10M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$129.0K
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$22M
EBIT	$36M
EBITDA	$59M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$325M
Cost of Revenue	$229M
GROSS PROFIT	$96M
R&D Expenses	$4M
Selling & Marketing	$31M
General & Administrative	$20M
SG&A Expenses	$51M
Other Expenses	$0
Operating Expenses	$55M
Cost & Expenses	$284M
OPERATING INCOME	$40M
Interest Income	$8M
Interest Expense	$19M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$27M
Income Tax Expense	$10M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$129.0K
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$22M
EBIT	$36M
EBITDA	$59M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$22M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$14M
Change in Working Capital	-$39M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$18M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	-$17M
Common Stock Repurchased	$0
Common Dividends Paid	-$11M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$27M
FREE CASH FLOW	-$5M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$48M
Short-Term Investments	$4M
Net Receivables	$228M
Inventory	$136M
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$439M
PP&E (Net)	$415M
Goodwill	$52M
Intangible Assets	$78M
Long-Term Investments	$7M
Tax Assets	$59M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$614M
TOTAL ASSETS	$1.1B
Account Payables	$132M
Short-Term Debt	$11M
Deferred Revenue	-$11M
Other Current Liabilities	$90M
TOTAL CURRENT LIABILITIES	$233M
Long-Term Debt	$630M
Deferred Revenue NC	-$630M
Deferred Tax Liabilities	$41M
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$745M
TOTAL LIABILITIES	$978M
Common Stock	$64M
Additional Paid-In Capital	$64M
Retained Earnings	$17M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$2M
Other Equity	$17M
TOTAL STOCKHOLDERS' EQUITY	$75M
Minority Interest	$0
TOTAL EQUITY	$75M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$642M
Net Debt	$593M