OEC Q3 2019 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

Q3 2019 Earnings

Reported October 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$370M	$399M	$394M	-7.2%	-6.0%
Op. Income	$44M	$47M	$46M	-5.8%	-3.3%
Gross Margin	26.7%	26.1%	27.7%	0.6pp	-1.0pp
Net Margin	6.6%	6.2%	6.6%	0.3pp	-0.0pp
EPS (Diluted)	$0.39	$0.40	$0.43	-2.5%	-9.3%
Free Cash Flow	$34M	$8M	$3M	330.7%	910.3%

Revenue Flow

Item	Amount
REVENUE	$370M
Cost of Revenue	$271M
GROSS PROFIT	$99M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$50M
Other Expenses	$0
Operating Expenses	$54M
Cost & Expenses	$326M
OPERATING INCOME	$44M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$32M
Income Tax Expense	$8M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$22M
EBIT	$38M
EBITDA	$60M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$370M
Cost of Revenue	$271M
GROSS PROFIT	$99M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$50M
Other Expenses	$0
Operating Expenses	$54M
Cost & Expenses	$326M
OPERATING INCOME	$44M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$32M
Income Tax Expense	$8M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$22M
EBIT	$38M
EBITDA	$60M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$22M
Stock-Based Compensation	$2M
Deferred Income Tax	$4M
Other Non-Cash Items	$4M
Change in Working Capital	$13M
OPERATING CASH FLOW	$67M
Capital Expenditure	-$34M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$34M
Net Debt Issuance	-$17M
Common Stock Repurchased	$0
Common Dividends Paid	-$12M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$29M
FREE CASH FLOW	$34M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$56M
Short-Term Investments	$16M
Net Receivables	$259M
Inventory	$171M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$533M
PP&E (Net)	$505M
Goodwill	$75M
Intangible Assets	$50M
Long-Term Investments	$8M
Tax Assets	$56M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$697M
TOTAL ASSETS	$1.2B
Account Payables	$151M
Short-Term Debt	$45M
Deferred Revenue	$60M
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$291M
Long-Term Debt	$621M
Deferred Revenue NC	$58M
Deferred Tax Liabilities	$43M
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$763M
TOTAL LIABILITIES	$1.1B
Common Stock	$85M
Additional Paid-In Capital	$63M
Retained Earnings	$71M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$176M
Minority Interest	$0
TOTAL EQUITY	$176M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$666M
Net Debt	$610M