Orion Engineered Carbons's Return On Capital Employed Insights
Portfolio Pulse from Benzinga Insights
Orion Engineered Carbons (NYSE:OEC) reported Q1 earnings of $42.30 million, a 246.72% increase from the previous quarter, and sales of $500.70 million, an 8.35% increase since Q4. The company posted a return on capital employed (ROCE) of 0.09%, indicating effective capital allocation. Q1 earnings per share were $0.74, beating analyst predictions of $0.53.
May 18, 2023 | 2:46 pm
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Orion Engineered Carbons reported strong Q1 earnings and sales growth, with a positive ROCE of 0.09%, indicating effective capital allocation. The company beat analyst EPS predictions.
Orion Engineered Carbons' strong Q1 earnings and sales growth, along with a positive ROCE, indicate effective capital allocation and potential for future growth. The company's earnings beat analyst predictions, which could lead to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100