Welcome to our dedicated page for Orion Engineered Carbons S.A. news (Ticker: OEC), a resource for investors and traders seeking the latest updates and insights on Orion Engineered Carbons 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), a global specialty chemicals company, has announced a quarterly interim dividend declaration for Q2 2025. The company will distribute $0.0207 per common share, totaling approximately $1.25 million based on current outstanding shares.
The dividend payment is scheduled for April 4, 2025, with a record date of March 13, 2025. Shareholders should note that a 15% Luxembourg withholding tax will be applied to the dividend payment, though exemptions and reductions may apply in certain circumstances.
Orion S.A. (NYSE: OEC), a global specialty chemicals company, has announced its 2025 Annual General Meeting details. The meeting is scheduled for Thursday, June 26, 2025, at 2:00 pm Central European Time and will be held both in-person and via live online webcast at the company's office in Senningerberg, Luxembourg. The record date for shareholder admission has been set for April 24, 2025, at 11:59 pm Central European Time.
Orion S.A. (NYSE: OEC) reported its Q4 and full-year 2024 financial results. For Q4 2024, net sales decreased 7.3% to $434.2 million, while net income increased by $12.3 million to $17.2 million. Full-year 2024 showed net sales of $1,877.5 million (down 0.9%) and net income of $44.2 million (down $59.3 million).
The company maintained rubber profitability despite soft demand, while specialty segment showed 11% year-over-year volume growth. Orion repurchased approximately 2% of outstanding shares in 2024. The company faced challenges including soft Western tire production levels and foreign exchange headwinds.
Notable incidents included a criminal scheme resulting in $55.7 million in fraudulent wire transfers. For 2025, Orion provided Adjusted EBITDA guidance of $290-330 million and Adjusted EPS guidance of $1.45-1.90.
Orion S.A. (NYSE: OEC) has signed a long-term supply agreement with Contec S.A. for tire pyrolysis oil (TPO) to produce circular carbon black for tire and rubber goods customers. The partnership with Warsaw-based Contec helps Orion diversify its TPO sources.
TPO-based manufacturing represents the only circular technology advancing to industrial production for high-quality active carbon black. The process involves exposing end-of-life tires to high temperatures to create feedstock for virgin carbon black production. Notably, Orion stands as the sole company that has produced circular carbon black using 100% TPO feedstock, demonstrating that their circular products can substitute virgin carbon black in various applications.
Orion S.A. (NYSE: OEC) announced preliminary unaudited financial results for FY2024, expecting adjusted EBITDA to fall slightly below the guided range of $305-$315 million. The shortfall is attributed to multiple factors: foreign exchange impacts from a strengthening dollar, one-time costs from a workforce reduction plan, weaker Rubber segment volumes in Q4, and less favorable Specialty segment mix.
The company has initiated a cost reduction plan, reducing non-plant workforce by ~6%, which is expected to yield approximately $6 million in annualized cost savings in 2025. Management attributes the Rubber segment weakness to pressure on Western tire production due to elevated imports from Southeast Asia and China, along with year-end inventory adjustments from key customers.
Despite these challenges, Orion expects modest growth in 2025, building on structurally improved returns. The company will report Q4 and full-year 2024 results after market close on February 19, 2025.
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
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