OEC Q3 2020 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

Q3 2020 Earnings

Reported November 5, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$282M	$203M	$370M	39.2%	-23.8%
Op. Income	$29M	-$9M	$44M	416.8%	-35.2%
Gross Margin	28.1%	16.8%	26.7%	11.3pp	1.4pp
Net Margin	3.2%	-8.8%	6.6%	12.0pp	-3.4pp
EPS (Diluted)	$0.15	$-0.29	$0.39	151.7%	-61.5%
Free Cash Flow	-$30M	$47M	$34M	-164.4%	-190.3%

Revenue Flow

Item	Amount
REVENUE	$282M
Cost of Revenue	$203M
GROSS PROFIT	$79M
R&D Expenses	$7M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$43M
Other Expenses	$0
Operating Expenses	$51M
Cost & Expenses	$253M
OPERATING INCOME	$29M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$24M
EBIT	$17M
EBITDA	$41M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$282M
Cost of Revenue	$203M
GROSS PROFIT	$79M
R&D Expenses	$7M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$43M
Other Expenses	$0
Operating Expenses	$51M
Cost & Expenses	$253M
OPERATING INCOME	$29M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$24M
EBIT	$17M
EBITDA	$41M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$24M
Stock-Based Compensation	$0
Deferred Income Tax	-$5M
Other Non-Cash Items	$5M
Change in Working Capital	-$27M
OPERATING CASH FLOW	$6M
Capital Expenditure	-$36M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	-$18M
Common Stock Repurchased	$0
Common Dividends Paid	-$501.5K
Other Financing Activities	$0
NET CASH FROM FINANCING	-$18M
FREE CASH FLOW	-$30M
Net Change in Cash	-$46M

Balance Sheet

Item	Amount
Cash & Equivalents	$98M
Short-Term Investments	$3M
Net Receivables	$225M
Inventory	$125M
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$491M
PP&E (Net)	$660M
Goodwill	$81M
Intangible Assets	$47M
Long-Term Investments	$6M
Tax Assets	$60M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$857M
TOTAL ASSETS	$1.3B
Account Payables	$106M
Short-Term Debt	$135M
Deferred Revenue	$0
Other Current Liabilities	$67M
TOTAL CURRENT LIABILITIES	$328M
Long-Term Debt	$640M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$50M
Other Non-Current Liabilities	$100M
TOTAL NON-CURRENT LIABILITIES	$862M
TOTAL LIABILITIES	$1.2B
Common Stock	$85M
Additional Paid-In Capital	$65M
Retained Earnings	$76M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$60M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$157M
Minority Interest	$0
TOTAL EQUITY	$157M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$848M
Net Debt	$750M