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Mar 31, 2021
Orion Q1 2021 Earnings Report
Experienced strong volume growth and improved profitability due to broad-based demand recovery, particularly in Specialty segment.
Key Takeaways
Orion Engineered Carbons S.A. reported strong first-quarter results, driven by broad-based demand recovery and exceptional Specialty performance. Net sales increased by 7.2% year-over-year to $360.1 million, and net income rose by 30.5% to $23.5 million. The company is positioning itself to complete EPA investments, capture growth in differentiated markets, and generate substantial free cash flow in 2023.
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.
Revenue by Segment
Forward Guidance
The company is reinstating full year 2021 Adjusted EBITDA guidance in the range of $250 million to $280 million.
Positive Outlook
- Second quarter order book remains strong.
- Confident in ability to navigate 2021 and beyond successfully.
Challenges Ahead
- Still challenging COVID-19 situation in many countries.
- Customers’ visibility into the second half is less clear than usual.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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