OEC Q1 2019 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

Q1 2019 Earnings

Reported May 2, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$385M	$386M	$407M	-0.3%	-5.4%
Op. Income	$37M	$30M	$48M	26.3%	-23.1%
Gross Margin	25.5%	24.8%	27.6%	0.7pp	-2.2pp
Net Margin	4.9%	5.3%	6.6%	-0.4pp	-1.7pp
EPS (Diluted)	$0.31	$0.33	$0.44	-6.1%	-29.5%
Free Cash Flow	$4M	$30M	-$5M	-87.6%	181.1%

Revenue Flow

Item	Amount
REVENUE	$385M
Cost of Revenue	$287M
GROSS PROFIT	$98M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$56M
Other Expenses	$0
Operating Expenses	$61M
Cost & Expenses	$347M
OPERATING INCOME	$37M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$28M
Income Tax Expense	$9M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$24M
EBIT	$36M
EBITDA	$60M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$385M
Cost of Revenue	$287M
GROSS PROFIT	$98M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$56M
Other Expenses	$0
Operating Expenses	$61M
Cost & Expenses	$347M
OPERATING INCOME	$37M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$28M
Income Tax Expense	$9M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$24M
EBIT	$36M
EBITDA	$60M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$24M
Stock-Based Compensation	$4M
Deferred Income Tax	-$3M
Other Non-Cash Items	$6M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$26M
Capital Expenditure	-$22M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$22M
Net Debt Issuance	$12M
Common Stock Repurchased	$0
Common Dividends Paid	-$12M
Other Financing Activities	$0
NET CASH FROM FINANCING	$337.0K
FREE CASH FLOW	$4M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$61M
Short-Term Investments	$13M
Net Receivables	$295M
Inventory	$174M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$579M
PP&E (Net)	$483M
Goodwill	$55M
Intangible Assets	$89M
Long-Term Investments	$8M
Tax Assets	$57M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$695M
TOTAL ASSETS	$1.3B
Account Payables	$164M
Short-Term Debt	$55M
Deferred Revenue	$64M
Other Current Liabilities	$68M
TOTAL CURRENT LIABILITIES	$319M
Long-Term Debt	$635M
Deferred Revenue NC	$60M
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$77M
TOTAL NON-CURRENT LIABILITIES	$785M
TOTAL LIABILITIES	$1.1B
Common Stock	$84M
Additional Paid-In Capital	$67M
Retained Earnings	$46M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$169M
Minority Interest	$0
TOTAL EQUITY	$169M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$721M
Net Debt	$660M