Orion Engineered Carbons S.A. Announces First Quarter 2018 Financial Results
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Orion Engineered Carbons (OEC) Tops Q1 EPS by 3c, Beats on Revenues; Offers FY18 Outlook
May 17, 2018 5:32 PM EDTOrion Engineered Carbons (NYSE: OEC) reported Q1 EPS of $0.52, $0.03 better than the analyst estimate of $0.49. Revenue for the quarter came in at $406.7 million versus the consensus estimate of $370.91 million.
First Quarter 2018 Year over Year Highlights
Volumes increased by 4.0% to 286.1 kmt compared to 275.1 kmt in the first quarter of 2017 with increases in 3.1% in Specialty and 4.3% in RubberRevenue increased by $82.6 million to $406.7 million compared to the first quarter of 2017Profit (Net Income) of $24.2 million increased by $7.4 million from $16.8 million in first quarter of 2017 and accordingly Basic EPS increased by $0.13 to $0.41Adjusted EBITDA1 increased... More