Orion Engineered Carbons (OEC) Misses Q3 EPS by 3EUR

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Go back to Orion Engineered Carbons (OEC) Misses Q3 EPS by 3EUR

Orion Engineered Carbons S.A. Announces Third Quarter 2016 Financial Results

November 3, 2016 4:56 PM EDT

Third Quarter 2016 Highlights

Volumes increased 7.3% to 277.1 kmt compared to 258.3 kmt in the third quarter of 2015 with increases in both Specialty and Rubber Revenue in the third quarter of 2016 amounted to 259.7 million compared to 278.7 million in the third quarter of 2015 mostly due to the impact of lower feedstock costs being passed through to customers with pricing agreements indexed to costs. Underlying revenues (excluding the impact of feedstock cost pass throughs) increased by 19.0 million in line with the increase in volumes Net Income was a loss of... More