Orion Engineered Carbons (OEC) Tops Q2 EPS by 9c, Revenues Beat

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Orion Engineered Carbons S.A. Announces Second Quarter Financial Results

August 4, 2020 4:30 PM EDT

HOUSTON--(BUSINESS WIRE)-- Orion Engineered Carbons S.A. (NYSE: OEC), a global supplier of specialty and high-performance carbon black, today announced financial results for the second quarter ended June 30, 2020.

Second Quarter 2020 Highlights

Continued focus on protecting employees, maintaining agile production and managing costs Generated $85.7 million of operating cash flow despite sharply lower volumes and profitability, reflecting a $77.3 million working capital reduction, providing a countercyclical, stabilizing impact on results Established $45 million in additional ancillary credit lines under revolving credit... More