Investing.com - Orion Engineered (NYSE:OEC) Carbons reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Orion Engineered Carbons announced earnings per share of $0.57 on revenue of $543.1M. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $504.53M.
Orion Engineered Carbons shares are down 12% from the beginning of the year, still down 26.87% from its 52 week high of $20.99 set on November 5, 2021.
Orion Engineered Carbons follows other major Materials sector earnings this month
Orion Engineered Carbons's report follows an earnings beat by Air Products on Thursday, who reported EPS of $2.89 on revenue of $3.57B, compared to forecasts EPS of $2.77 on revenue of $3.21B.
Sherwin-Williams had beat expectations on October 25 with third quarter EPS of $2.83 on revenue of $6.05B, compared to forecast for EPS of $2.59 on revenue of $5.81B.
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