Orion Engineered Carbons S.A. Announces First Quarter 2019 Financial Results
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Orion Engineered Carbons (OEC) Misses Q1 EPS by 8c, Revenues Miss
May 2, 2019 5:13 PM EDTOrion Engineered Carbons (NYSE: OEC) reported Q1 EPS of $0.40, $0.08 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $384.7 million versus the consensus estimate of $412.14 million.
Net Income of $19.0 million and basic EPS of $0.32 versus $26.8 million and $0.45 in first quarter of 2018Adjusted EPS1 of $0.40Cash flow from operations of $26.2 millionTotal Carbon Black volumes decreased 8.2% (decreased 4.0% allowing for plant consolidation in South Korea) to 262.8 kmt against first quarter of 2018 but increased 2.6% compared to fourth quarter 2018 volumes of 256.2 kmt.Revenue of $384.7 million and Adjusted EBITDA1 of $64.6 million... More