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Dec 31, 2020
Orion Q4 2020 Earnings Report
Orion Engineered Carbons S.A. announced Q4 2020 financial results, with adjusted EBITDA exceeding prior year levels.
Key Takeaways
Orion Engineered Carbons S.A. reported Q4 2020 net sales of $315.7 million, a decrease of $6.7 million year-over-year. Net income was $8.9 million, down $10.1 million year-over-year. Adjusted EBITDA increased by $2.8 million to $66.0 million. The company saw strong specialty volume trends and a solid quarter in the rubber business.
Net sales decreased by 2.1% year-over-year to $315.7 million.
Net income decreased by 53.0% year-over-year to $8.9 million.
Adjusted EBITDA increased by 4.4% year-over-year to $66.0 million.
Specialties volumes increased by 15.0% year-over-year, primarily in EMEA and Asia.
Revenue by Segment
Forward Guidance
Orion did not provide specific EBITDA guidance for 2021 due to the uncertainty regarding COVID-19. The company's planning scenario assumes that COVID-19 does not functionally end until 2022, with 2021 Specialty and Rubber volumes roughly resembling second-half 2020 run-rates.
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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