Orion Engineered Carbons (OEC) Misses Q1 EPS by 8c, Revenues Miss
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Orion Engineered Carbons S.A. Announces First Quarter 2019 Financial Results
May 2, 2019 5:06 PM EDTHOUSTON--(BUSINESS WIRE)-- Orion Engineered CarbonsS.A. (NYSE: OEC), a worldwide supplier of Specialty and High-Performance Carbon Black, today announced first quarter 2019 financial results.
First Quarter 2019 Highlights
Net Income of $19.0 million and basic EPS of $0.32 versus $26.8 million and $0.45 in first quarter of 2018 Adjusted EPS1 of $0.40 Cash flow from operations of $26.2 million Total 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... More