Orion Engineered Carbons Q1 2024 Adj EPS $0.52 Beats $0.48 Estimate, Sales $502.900M Miss $506.426M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Engineered Carbons (OEC) reported Q1 2024 adjusted EPS of $0.52, surpassing the $0.48 estimate, but its sales of $502.9M fell short of the $506.426M forecast. This represents a 29.73% decrease in EPS from the previous year, though sales saw a slight increase of 0.44%.
May 02, 2024 | 10:07 pm
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Orion Engineered Carbons reported a mixed Q1 2024 with EPS beating estimates but sales missing expectations. EPS saw a significant year-over-year decrease.
The mixed earnings report with an EPS beat but a sales miss could lead to neutral market reaction in the short term. The significant decrease in EPS year-over-year might concern investors, but the slight increase in sales shows some positive momentum.
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