Welcome to our dedicated page for Orion S.A. news (Ticker: OEC), a resource for investors and traders seeking the latest updates and insights on Orion S.A. stock.
Orion S.A. (symbol: OEC) is a leading global supplier of carbon black products, leveraging over 100 years of industry experience. The company specializes in producing high-quality carbon blacks that enhance the performance of a wide range of materials such as plastics, paints, coatings, inks, toners, adhesives, sealants, tires, and automotive rubber goods.
With a robust presence worldwide, Orion operates 14 production sites and four applied technology centers. These facilities enable the company to maintain a high standard of quality and foster collaborative partnerships with customers. The company is divided into two primary segments: Specialty Carbon Black and Rubber Carbon Black.
The Specialty Carbon Black segment focuses on producing carbon blacks used as pigments and performance additives in coatings, polymers, printing, and special applications. These products are essential for tinting, colorizing, and enhancing the electrical and optical properties of various materials.
On the other hand, the Rubber Carbon Black segment generates the majority of the company’s revenue. This segment produces carbon blacks used to reinforce rubber in tires and mechanical rubber goods, such as automotive belts and hoses. This segment is crucial for the automotive and manufacturing industries, providing essential materials for durable and high-performance rubber products.
Orion S.A. employs approximately 1,460 people worldwide, with Germany being a significant market from which the company derives a majority of its revenue. The company's shares began trading on the New York Stock Exchange (NYSE) under the ticker symbol 'OEC' on July 24, 2014.
Recently, the company has been focusing on expanding its product portfolio and improving its production technologies to meet the evolving demands of its customers. Orion continues to invest in research and development, aiming to provide innovative solutions and maintain its competitive edge in the market.
For the latest news and updates on Orion S.A., please visit our news section below:
- Orion Engineered Carbons S.A. announces Q3 2023 financial results.
- New partnership with leading automotive manufacturer.
- Expansion of production facility in Germany to increase capacity.
- Introduction of new eco-friendly carbon black product line.
- Orion S.A. receives industry award for innovation in carbon black technology.
Orion S.A. (NYSE: OEC) has announced its participation in the upcoming Baird Global Industrial Conference in Chicago on November 14. The company's leadership team, including CEO Corning Painter, CFO Jeff Glajch, and VP of Investor Relations Chris Kapsch, will attend the event. Painter is scheduled to deliver a presentation from 10:50 AM to 11:20 AM CST. Interested parties can access the presentation through the 'Events and Presentations' section on Orion's investor relations website.
Orion S.A. (NYSE: OEC) reported Q3 2024 financial results with net sales of $463.4 million, down $2.8 million year over year. The company reported a net loss of $20.2 million, including a $42.5 million impact from asset misappropriation. Adjusted EBITDA increased 4% to $80.1 million, while volume decreased 8.2% to 225.2 kmt. The company revised its 2024 guidance to an Adjusted EBITDA range of $305-315 million and Adjusted Diluted EPS of $1.65-1.75. Free cash flow is expected to be negative $35 million before fraud impact.
Orion S.A. (NYSE: OEC) has announced a price increase for all Specialty carbon black grades manufactured in Europe and NEROX® products made in South Korea. The price adjustments, effective January 1, 2025, will vary by product, manufacturing process, and location. The company cites rising feedstock and operations costs as drivers for the increase. CEO Corning Painter states the move will ensure continued supply of high-quality Specialty products and enable new product development to support global customers.
Orion S.A. (NYSE: OEC), a global specialty chemicals manufacturer, has appointed Natalia Scherbakoff as its new chief technology officer. She succeeds David Deters, who is retiring after leading Orion's global innovation program for nearly a decade. Scherbakoff joins from Trinseo, where she was vice president of Technology & Innovation, focusing on sustainability and circular solutions.
Scherbakoff brings extensive global experience in product development and commercialization. She will be based at Orion's main innovation hub in Cologne, Germany, overseeing technical centers in China, South Korea, and the U.S. Her role includes leveraging the new Battery Innovation Center in Cologne and overseeing a €12.8 million investment in developing climate-neutral carbon black production from alternative carbon sources.
Orion S.A. (NYSE: OEC), a specialty chemical company, has announced the release date for its third quarter 2024 financial results. The company will disclose its earnings after the market closes on Thursday, November 7, 2024. This will be followed by a conference call on Friday, August 8, 2024, at 8:30 a.m. (ET).
Investors and interested parties can join the live conference call using the following dial-in details:
- U.S. Toll Free: 1-877-407-4018
- International: 1-201-689-8471
- U.S. Toll Free: 1-844-512-2921
- International: 1-412-317-6671
- Conference ID: 13748613
Orion S.A. (NYSE: OEC), a specialty chemical company, has announced an interim quarterly dividend for the first quarter of 2025. The Board of Directors has declared a dividend of $0.0207 per common share, totaling approximately $1.25 million based on the current number of outstanding shares. The dividend will be paid on January 21, 2025, to shareholders of record as of December 13, 2024. It's important to note that a 15% Luxembourg withholding tax will be applied to each interim dividend, although exemptions and reductions may apply in certain circumstances.
Orion S.A. (NYSE: OEC), a global specialty chemicals company, has announced its participation in two upcoming investor conferences in New York. CEO Corning Painter, CFO Jeff Glajch, and VP of Investor Relations Chris Kapsch will attend both events.
The company will participate in:
- The Jefferies Industrials Conference on Sept. 4, with a fireside chat from 10:25 am to 10:55 am ET
- The UBS Global Materials Conference on Sept. 5, with a fireside chat from 1:50 pm to 2:30 pm ET
Both discussions will be webcast and accessible through Orion's website. Replays will be available for 30 days following the events.
Orion S.A. (NYSE: OEC), a global specialty chemicals company, has announced its participation in the upcoming Mizuho Industrials & Chemicals Conference 2024. The event is scheduled for August 14 in New York. Representing Orion at this investor conference will be:
- CEO Corning Painter
- Chief Financial Officer Jeff Glajch
- Vice President of Investor Relations Chris Kapsch
This participation highlights Orion's commitment to engaging with investors and industry professionals, potentially discussing the company's performance, strategies, and outlook in the specialty chemicals sector.
Orion S.A. (NYSE: OEC) reported its Q2 2024 financial results. Net sales increased 4% to $477 million, while net income decreased 31.9% to $20.5 million. Diluted EPS fell 31.4% to $0.35, and Adjusted EBITDA declined 14% to $75.1 million. The company faced challenges including softer Rubber segment demand and mixed global macro trends. However, the Specialty segment showed encouraging signs with strong double-digit volume growth.
For the first half of 2024, net sales rose 2.1% to $979.9 million, while net income decreased 34.8% to $47.2 million. The company revised its 2024 guidance, projecting Adjusted EBITDA between $315-330 million and Adjusted Diluted EPS of $1.75-$1.95. Orion plans to resume opportunistic stock buybacks in Q3 2024, citing confidence in industry fundamentals and medium-term earnings trajectory.
Orion S.A. (NYSE: OEC) has released its 2023 Sustainability Report, highlighting innovative projects and achievements in environmental and social responsibility. A key feature is the water-recycling project in drought-stricken South Africa, where Orion built a system to recycle treated effluent water for its carbon black production, saving potable water for the community.
Other highlights include:
- Achieving an EcoVadis Platinum Medal, placing Orion in the 99th percentile of evaluated companies
- Opening a Battery Innovation Center for developing new products for lithium-ion batteries
- Investing €12.8 million in developing climate-neutral carbon black production
- Leading the industry in ISCC PLUS certification for production sites
- Reaching the goal of 80% of employees receiving 40+ training hours
CEO Corning Painter emphasized Orion's commitment to innovation and sustainability, stating, "Making sustainable products is not only the right thing to do, it is also what customers want."
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