OEC Q4 2020 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

Q4 2020 Earnings

Reported February 18, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$316M	$282M	$322M	11.9%	-2.1%
Op. Income	$36M	$29M	$34M	24.4%	3.7%
Gross Margin	28.2%	28.1%	27.6%	0.1pp	0.6pp
Net Margin	2.8%	3.2%	5.9%	-0.4pp	-3.1pp
EPS (Diluted)	$0.15	$0.15	$0.31	0.0%	-51.6%
Free Cash Flow	$9M	-$30M	$30M	128.3%	-71.1%

Revenue Flow

Item	Amount
REVENUE	$316M
Cost of Revenue	$227M
GROSS PROFIT	$89M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$50M
Other Expenses	$0
Operating Expenses	$53M
Cost & Expenses	$280M
OPERATING INCOME	$36M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$13M
Income Tax Expense	$4M
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	$27M
EBIT	$25M
EBITDA	$52M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$316M
Cost of Revenue	$227M
GROSS PROFIT	$89M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$50M
Other Expenses	$0
Operating Expenses	$53M
Cost & Expenses	$280M
OPERATING INCOME	$36M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$13M
Income Tax Expense	$4M
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	$27M
EBIT	$25M
EBITDA	$52M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$27M
Stock-Based Compensation	$0
Deferred Income Tax	-$1M
Other Non-Cash Items	$5M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$35M
Capital Expenditure	-$26M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	-$49M
Common Stock Repurchased	$0
Common Dividends Paid	-$52.5K
Other Financing Activities	$0
NET CASH FROM FINANCING	-$49M
FREE CASH FLOW	$9M
Net Change in Cash	-$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$4M
Net Receivables	$235M
Inventory	$141M
Other Current Assets	$44M
TOTAL CURRENT ASSETS	$500M
PP&E (Net)	$696M
Goodwill	$84M
Intangible Assets	$47M
Long-Term Investments	$6M
Tax Assets	$53M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$889M
TOTAL ASSETS	$1.4B
Account Payables	$131M
Short-Term Debt	$95M
Deferred Revenue	$8M
Other Current Liabilities	$38M
TOTAL CURRENT LIABILITIES	$325M
Long-Term Debt	$656M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$115M
TOTAL NON-CURRENT LIABILITIES	$884M
TOTAL LIABILITIES	$1.2B
Common Stock	$85M
Additional Paid-In Capital	$69M
Retained Earnings	$84M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$181M
Minority Interest	$0
TOTAL EQUITY	$181M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$825M
Net Debt	$760M