OEC Q2 2018 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

Q2 2018 Earnings

Reported June 29, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$392M	$407M	$342M	-3.7%	14.4%
Op. Income	$54M	$48M	$37M	11.4%	47.3%
Gross Margin	28.8%	27.6%	28.2%	1.2pp	0.6pp
Net Margin	13.6%	6.6%	5.4%	7.0pp	8.1pp
EPS (Diluted)	$0.87	$0.44	$0.30	97.7%	190.0%
Free Cash Flow	-$17M	-$5M	$21M	-269.4%	-181.7%

Revenue Flow

Item	Amount
REVENUE	$392M
Cost of Revenue	$279M
GROSS PROFIT	$113M
R&D Expenses	$5M
Selling & Marketing	$36M
General & Administrative	$18M
SG&A Expenses	$54M
Other Expenses	$0
Operating Expenses	$59M
Cost & Expenses	$338M
OPERATING INCOME	$54M
Interest Income	$19M
Interest Expense	$28M
Other Income/Expenses	$20M
INCOME BEFORE TAX	$74M
Income Tax Expense	$21M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$24M
EBIT	$82M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$392M
Cost of Revenue	$279M
GROSS PROFIT	$113M
R&D Expenses	$5M
Selling & Marketing	$36M
General & Administrative	$18M
SG&A Expenses	$54M
Other Expenses	$0
Operating Expenses	$59M
Cost & Expenses	$338M
OPERATING INCOME	$54M
Interest Income	$19M
Interest Expense	$28M
Other Income/Expenses	$20M
INCOME BEFORE TAX	$74M
Income Tax Expense	$21M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$24M
EBIT	$82M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$24M
Stock-Based Compensation	$3M
Deferred Income Tax	-$781.9K
Other Non-Cash Items	-$34M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$16M
Capital Expenditure	-$33M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$65M
NET CASH FROM INVESTING	$31M
Net Debt Issuance	-$12M
Common Stock Repurchased	$0
Common Dividends Paid	-$12M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$28M
FREE CASH FLOW	-$17M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$73M
Short-Term Investments	$7M
Net Receivables	$293M
Inventory	$175M
Other Current Assets	$36M
TOTAL CURRENT ASSETS	$577M
PP&E (Net)	$430M
Goodwill	$57M
Intangible Assets	$61M
Long-Term Investments	$9M
Tax Assets	$57M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$616M
TOTAL ASSETS	$1.2B
Account Payables	$164M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$123M
TOTAL CURRENT LIABILITIES	$287M
Long-Term Debt	$664M
Deferred Revenue NC	-$664M
Deferred Tax Liabilities	$34M
Other Non-Current Liabilities	$76M
TOTAL NON-CURRENT LIABILITIES	$775M
TOTAL LIABILITIES	$1.1B
Common Stock	$84M
Additional Paid-In Capital	$0
Retained Earnings	$77M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$131M
Minority Interest	$0
TOTAL EQUITY	$131M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$664M
Net Debt	$591M