Orion Engineered Carbons (OEC) Tops Q1 EPS by 6c

Orion Engineered Carbons (NYSE: OEC) reported Q1 EPS of $0.51, $0.06 better than the analyst estimate of $0.45. Revenue for the quarter came in at $360.1 million versus the consensus estimate of $349 million.

• Capitalized on continued broad-based demand recovery to deliver strong overall volume growth and improved profitability, led by exceptional Specialty performance.
• Positioning the company to complete EPA investments, capture growth in differentiated markets and generate substantial free cash flow in 2023.
• Net sales of $360.1 million, up $24.1 million, year over year.
• Net income of $23.5 million, up $5.5 million, year over year.
• Basic EPS of $0.39, up $0.09, year over year.
• Adjusted EPS1 of $0.51, up $0.07, year over year.
• Adjusted EBITDA1 of $70.9 million, up $7.0 million, year over year.
• Adjusted EBITDA margin1 of 19.7%, up 0.7%, year over year.

For earnings history and earnings-related data on Orion Engineered Carbons (OEC) click here.

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