Orion Engineered Carbons S.A. Announces Third Quarter 2018 Financial Results
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Orion Engineered Carbons (OEC) Reports In-Line Q3 EPS, Revenues Beat; Affirms FY18 Adj. EBITDA Guidance
November 1, 2018 5:24 PM EDTOrion Engineered Carbons (NYSE: OEC) reported Q3 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $394 million versus the consensus estimate of $375.5 million.
Revenue increased $59.1 million, or 17.6%, to $394.0 million compared to the third quarter of 2017Volumes decreased by 6.2 kmt or 2.3% to 266.7 kmt compared to 272.9 kmt in the third quarter of 2017 due to the consolidation of our manufacturing footprint in South KoreaProfit (Net Income) increased by $9.1 million to $24.2 million from $15.1 million in third quarter of 2017 and accordingly Basic EPS increased by $0.14 to $0.40, while Adjusted EPS1 increased $0.13 to... More