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Dec 31, 2019
Orion Q4 2019 Earnings Report
Orion's Q4 2019 financial performance reflected lower sales volume and revenue, but increased net income and EPS compared to Q4 2018.
Key Takeaways
Orion Engineered Carbons S.A. reported a decrease in net sales but an increase in net income for the fourth quarter of 2019. Net sales were $322.4 million, compared to $386.0 million in Q4 2018. Net income was $19.0 million, compared to $15.7 million in the same quarter of the previous year.
Net sales decreased by 16.5% to $322.4 million due to lower feedstock costs, lower volumes, and negative foreign exchange rate translation effects.
Net income increased by 21.1% to $19.0 million, primarily due to increased income from operations.
Adjusted EBITDA decreased by 2.0% to $63.2 million, reflecting lower contribution margins and higher selling and administrative expenses.
Cash inflows from operating activities amounted to $88.8 million, driven by a consolidated profit and a reduction of net working capital.
Revenue by Segment
Forward Guidance
The company expects full year Adjusted EBITDA for 2020 to be in the range of $250 million to $280 million, with an expectation of delivering flat to modest growth in Adjusted EBITDA on a year over year basis while continuing to generate strong cash from operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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