Recap: Orion Engineered Carbons Q1 Earnings

Orion Engineered Carbons OEC reported its Q1 earnings results on Thursday, May 4, 2023 at 04:35 PM.

Here's what investors need to know about the announcement.

Orion Engineered Carbons beat estimated earnings by 39.62%, reporting an EPS of $0.74 versus an estimate of $0.53.

Revenue was up $16.20 million from the same period last year.

Last quarter the company beat on EPS by $0.09 which was followed by a 9.9% increase in the share price the next day.

Here's a look at Orion Engineered Carbons's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.17	0.56	0.62	0.52
EPS Actual	0.26	0.57	0.58	0.57
Revenue Estimate	441.88M	502.51M	494.57M	455.32M
Revenue Actual	462.10M	543.10M	541.20M	484.50M

To track all earnings releases for Orion Engineered Carbons visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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