Welcome to our dedicated page for Orbia Advance Corporation Sab De Cv news (Ticker: MXCHY), a resource for investors and traders seeking the latest updates and insights on Orbia Advance Corporation Sab De Cv stock.
Orbia Advance Corporation SAB de Cv (MXCHY) delivers innovative solutions across precision agriculture, infrastructure development, and advanced materials through its global network. This news hub provides investors and industry professionals with timely updates on strategic initiatives, operational milestones, and technological breakthroughs.
Access verified information spanning all business segments: Netafim's irrigation innovations, polymer solution developments, connectivity projects, and fluorinated material advancements. Our curated collection includes earnings disclosures, partnership announcements, sustainability reports, and product launch details.
Key updates cover Hybrid Dripline technology deployments, infrastructure material certifications, and global expansion initiatives. Stay informed about operational developments across 100+ countries through primary-source documentation and analyzed market impacts.
Bookmark this page for consolidated access to MXCHY's evolving market position. Check regularly for updates reflecting the company's engineering-driven approach to food security, water conservation, and sustainable industrial solutions.
Orbia's Netafim has launched the world's first Hybrid Dripline system, a patented irrigation technology that combines an integral dripline with a built-in outlet. This innovative solution offers leak-free, clog-resistant, and labor-saving benefits for agricultural operations.
The system's key features include a pre-assembled outlet that eliminates manual hole-punching and fitting migration rings, while maintaining fixed dropping points to accommodate different tree growth stages. Initially launched within the UniRam™ dripline range, the technology will be expanded across Orbia Netafim's Heavy Wall Driplines portfolio.
The Hybrid Dripline provides specific benefits for different agricultural settings: in vineyards, it prevents water drop migration; in orchards, outlets can be adjusted for tree growth; and in greenhouses, it enables seamless connection to irrigation emitters. The system also improves mineral extraction efficiency in mining operations.
Orbia Advance Corporation reported Q1 2023 results showing a 12% decline in net revenues to $2.3 billion compared to Q1 2022, attributed to lower sales across Polymer Solutions, Building and Infrastructure, and Precision Agriculture. EBITDA fell 23% to $469 million, while net majority income plummeted 78% to $55 million due to higher financial costs and lower profitability. Operating cash flow decreased 14% to $167 million, with free cash flow declining 99% to $1 million. Despite these challenges, Orbia maintains a solid balance sheet with a net debt of $3.25 billion and reaffirms an EBITDA guidance of $1.65 billion for 2023. CEO Sameer Bharadwaj expressed cautious optimism for the year ahead, focusing on organic growth and innovative solutions.
Orbia Advance Corporation is set to release its first quarter 2023 earnings results on Wednesday, April 26th, 2023, after market close. A conference call will be held on Thursday, April 27, 2023, at 9:00 a.m. MX | 11:00 a.m. ET, featuring key executives including CEO Sameer Bharadwaj, CFO Jim Kelly, and Investor Relations Director Gerardo Lozoya. Investors can access the presentation on the company’s website and a recording will be available post-call. Dial-in options include +1-(888)-339-0721 for the USA and +001-855-817-7630 for Mexico. Participants are encouraged to connect 10 minutes before the call.
Orbia, a UN Global Compact company, participated in the 2023 Water Conference in New York City, emphasizing its commitment to sustainable solutions addressing global water and sanitation challenges. With 61% of its 2022 revenue supporting UN Sustainable Development Goals, over 30% stemmed from innovations in water-related products. Key figures highlighted include a significant global effort to aid the 2 billion lacking safe drinking water and the 3.6 billion without sanitation. Orbia's initiatives include financing water funds in Latin America and spearheading WASH projects to benefit over 50,000 individuals across several countries.
Orbia Advance Corporation reported Q4 2022 results revealing a 10% decline in net revenues to $2.1 billion and a 39% drop in EBITDA to $308 million. For FY 2022, net revenues increased 10% to $9.6 billion, with EBITDA down 7% to $1.91 billion. Key challenges included high input costs, currency fluctuations, and lower demand in certain segments, notably Polymer Solutions and Precision Agriculture. The company maintained strong cash flow of $308 million in Q4, and returned $442 million to shareholders. Looking ahead, guidance suggests potential revenue decline with EBITDA of at least $1.65 billion for 2023.
Orbia Advance Corporation will announce its fourth quarter and full year results for 2022 on February 22, 2023, after market close. A conference call is scheduled for February 23, 2023, at 9:00 a.m. CT to discuss these results. Key speakers will include CEO Sameer Bharadwaj, CFO Jim Kelly, and Investor Relations Director Gerardo Lozoya. Investors can access the presentation on Orbia's website and are encouraged to join the call 10 minutes prior to start time. Dial-in numbers are provided for participants from the USA, Mexico, and other countries.
Orbia has announced the approval of its near-term emissions reduction targets by the Science Based Targets initiative (SBTi). The targets aim for a 47% reduction in scope 1 and 2 greenhouse gas emissions by 2030 from a 2019 baseline, and a 30% reduction in scope 3 emissions during the same period. These goals are classified as part of the most ambitious 1.5°C trajectory. CEO Sameer Bharadwaj emphasized the importance of sustainable practices in mitigating climate change, while VP Tania Rabasa Kovacs noted the commitment to achieving net-zero emissions by 2050. This recognition follows Orbia's inclusion in the S&P Dow Jones Sustainability Indices.
Solvay and Orbia announced a joint venture to produce polyvinylidene fluoride (PVDF), creating the largest capacity for battery materials in North America. The investment is approximately $850 million, with $178 million funded by a U.S. Department of Energy grant. This venture aims to meet increasing demand for lithium-ion batteries as over half of U.S. car sales are projected to be electric by 2030. Two production sites will be established in the southeastern U.S., expected to be operational by 2026, enhancing the regional battery supply chain.
Orbia Advance Corporation reported its Q3 2022 results, posting flat net revenues of $2.3 billion year-over-year amid significant macroeconomic challenges. Notably, EBITDA fell by 28% to $381 million, while net majority income dropped 56% to $86 million, largely due to higher input costs and lower volumes. Despite this, free cash flow rose to $101 million, reflecting effective working capital management. The company maintains a strong balance sheet and reaffirms its EBITDA guidance for the year between $1.8 billion and $1.9 billion.
