Orion Engineered Carbons (OEC) Reports In-Line Q3 EPS, Revenues Beat; Affirms FY18 Adj. EBITDA Guidance
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Orion Engineered Carbons S.A. Announces Third Quarter 2018 Financial Results
November 1, 2018 4:30 PM EDTThird Quarter 2018 Year over Year Highlights
Revenue increased $59.1 million, or 17.6%, to $394.0 million compared to the third quarter of 2017 Volumes 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 Korea Profit (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 $0.51 Adjusted EBITDA1 increased $8.5 million or 13.2% to $72.6 million Specialty... More