OEC Q2 2017 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

Q2 2017 Earnings

Reported June 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$342M	$325M	—	5.3%	—
Op. Income	$37M	$40M	—	-9.0%	—
Gross Margin	28.2%	29.5%	—	-1.3pp	—
Net Margin	5.4%	5.2%	—	0.2pp	—
EPS (Diluted)	$0.30	$0.28	—	7.1%	—
Free Cash Flow	$21M	-$5M	—	550.3%	—

Revenue Flow

Item	Amount
REVENUE	$342M
Cost of Revenue	$246M
GROSS PROFIT	$96M
R&D Expenses	$5M
Selling & Marketing	$34M
General & Administrative	$19M
SG&A Expenses	$53M
Other Expenses	$0
Operating Expenses	$56M
Cost & Expenses	$293M
OPERATING INCOME	$37M
Interest Income	$7M
Interest Expense	$18M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$27M
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	$25M
EBIT	$36M
EBITDA	$60M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$342M
Cost of Revenue	$246M
GROSS PROFIT	$96M
R&D Expenses	$5M
Selling & Marketing	$34M
General & Administrative	$19M
SG&A Expenses	$53M
Other Expenses	$0
Operating Expenses	$56M
Cost & Expenses	$293M
OPERATING INCOME	$37M
Interest Income	$7M
Interest Expense	$18M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$27M
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	$25M
EBIT	$36M
EBITDA	$60M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$24M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$5M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$40M
Capital Expenditure	-$19M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$11M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$16M
FREE CASH FLOW	$21M
Net Change in Cash	$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$56M
Short-Term Investments	$5M
Net Receivables	$235M
Inventory	$143M
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$463M
PP&E (Net)	$424M
Goodwill	$55M
Intangible Assets	$77M
Long-Term Investments	$7M
Tax Assets	$53M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$620M
TOTAL ASSETS	$1.1B
Account Payables	$146M
Short-Term Debt	$5M
Deferred Revenue	$66M
Other Current Liabilities	$70M
TOTAL CURRENT LIABILITIES	$240M
Long-Term Debt	$0
Deferred Revenue NC	-$650M
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$730M
TOTAL NON-CURRENT LIABILITIES	$770M
TOTAL LIABILITIES	$1.0B
Common Stock	$68M
Additional Paid-In Capital	$76M
Retained Earnings	$37M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$29M
Other Equity	-$337M
TOTAL STOCKHOLDERS' EQUITY	$72M
Minority Interest	$0
TOTAL EQUITY	$72M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$5M
Net Debt	-$51M