OEC Q4 2016 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

Q4 2016 Earnings

Reported February 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$291M	$291M	—	-0.3%	—
Op. Income	$37M	$48M	—	-23.6%	—
Gross Margin	31.5%	31.9%	—	-0.4pp	—
Net Margin	6.9%	-1.5%	—	8.4pp	—
EPS (Diluted)	$0.33	$-0.07	—	557.7%	—
Free Cash Flow	$24M	$27M	—	-12.0%	—

Revenue Flow

Item	Amount
REVENUE	$291M
Cost of Revenue	$199M
GROSS PROFIT	$92M
R&D Expenses	$4M
Selling & Marketing	$32M
General & Administrative	$19M
SG&A Expenses	$51M
Other Expenses	$0
Operating Expenses	$57M
Cost & Expenses	$261M
OPERATING INCOME	$37M
Interest Income	$6M
Interest Expense	$17M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$28M
Income Tax Expense	$9M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$130.4K
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$14M
EBIT	$36M
EBITDA	$56M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$291M
Cost of Revenue	$199M
GROSS PROFIT	$92M
R&D Expenses	$4M
Selling & Marketing	$32M
General & Administrative	$19M
SG&A Expenses	$51M
Other Expenses	$0
Operating Expenses	$57M
Cost & Expenses	$261M
OPERATING INCOME	$37M
Interest Income	$6M
Interest Expense	$17M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$28M
Income Tax Expense	$9M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$130.4K
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$14M
EBIT	$36M
EBITDA	$56M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$20M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$5M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$16M
Acquisitions (Net)	$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	-$358.5K
Common Stock Repurchased	$131.3K
Common Dividends Paid	-$10M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$17M
FREE CASH FLOW	$24M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$78M
Short-Term Investments	$6M
Net Receivables	$201M
Inventory	$120M
Other Current Assets	$33M
TOTAL CURRENT ASSETS	$435M
PP&E (Net)	$408M
Goodwill	$51M
Intangible Assets	$82M
Long-Term Investments	$7M
Tax Assets	$64M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$615M
TOTAL ASSETS	$1.1B
Account Payables	$129M
Short-Term Debt	$5M
Deferred Revenue	$81M
Other Current Liabilities	$51M
TOTAL CURRENT LIABILITIES	$230M
Long-Term Debt	$645M
Deferred Revenue NC	$72M
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$765M
TOTAL LIABILITIES	$995M
Common Stock	$63M
Additional Paid-In Capital	$63M
Retained Earnings	$47M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$50M
Other Equity	-$122M
TOTAL STOCKHOLDERS' EQUITY	$56M
Minority Interest	$0
TOTAL EQUITY	$56M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$651M
Net Debt	$573M