Orion Engineered Carbons SA (OEC) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.26. The company posted revenue of $246.30 million in the period, compared to analysts expectations of $268.77 million. The company’s revenue was down -15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Orion Engineered Carbons SA closed down -0.08 points or -0.57% at $14.03 with 51,271 shares getting traded on Wednesday. Post opening the session at $14.12, the shares hit an intraday low of $14.025 and an intraday high of $14.215 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Orion Engineered Carbons S.A. formerly Orion Engineered Carbons S.a r.l. is a producer of carbon black. The company operates a carbon black business with more than 280 carbon black grades and approximately 80 rubber carbon black grades. Carbon black is a form of carbon used to improve certain properties of materials into which it is added. The Company operates in two segments: Specialty Carbon Black and Rubber Carbon Black. The Company operates a supply chain network comprising 13 wholly owned production plants and one jointly-owned production plant. The company offers specialty carbon black products which are used as a pigment and as a performance additive in coatings polymers printing and special applications. It also offers rubber carbon black products which are used in the reinforcement of rubber in tires and mechanical rubber goods.