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Orion Engineered Carbons Discusses Its Growth Strategy and Financial Targets
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Rhea-AI Summary
Orion Engineered Carbons (NYSE: OEC) hosted its 2022 Investor Day in New York, where CEO Corning Painter outlined the company's growth strategy and financial targets. Key themes included accelerating growth, investing in higher margin opportunities, and enhancing its innovation and sustainability leadership. Orion aims for a mid-cycle Adjusted EBITDA capacity of ~$500 million by 2025, with cumulative discretionary free cash flow of ~$700 million to ~$800 million from 2023-2025. The event was webcasted live for investors and stakeholders.
Positive
CEO Corning Painter highlighted a strong growth strategy aimed at substantial cash flow increases.
Target of ~$500 million in Adjusted EBITDA capacity by 2025.
Projected cumulative discretionary free cash flow of ~$700 million to ~$800 million from 2023-2025.
Negative
None.
HOUSTON--(BUSINESS WIRE)--
Orion Engineered Carbons(NYSE: OEC), a specialty chemical company, will host its 2022 Investor Day today in New York. CEO, Corning Painter, and other members of the executive team will provide an in-depth review of the company's growth strategy and financial targets. The live event will begin at 1:00 p.m. EDT and will be webcasted to the public.
“We are at an inflection point in our history as a public company and are well positioned to thrive as we leverage our leadership in innovation, sustainable solutions and growth investments. These drivers should result in substantial increases in cash flow and shareholder value,” Painter said.
Key themes at the event:
Defining the company’s strategy to accelerate growth.
Investing in higher margin opportunities to expand financial returns.
Elevating Orion’s position in the industry as the leader in innovation and sustainability.
Providing a roadmap towards achievable mid-cycle financial performance.
2025 Mid-cycle Adjusted EBITDA capacity of ~$500 million.
Cumulative 2023-2025 discretionary free cash flow of ~$700 million to ~$800 million.
Orion Engineered Carbons (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, high-performance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability, and add UV protection. Orion has innovation centers on three continents and 14 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.
Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time, and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or other information, other than as required by applicable law.
William Foreman Orion Engineered Carbons Director of Corporate Communications and Government Affairs
william.foreman@orioncarbons.com
Direct: +1 832-445-3305
Mobile: +1 281-889-7833
Source: Orion Engineered Carbons S.A.
FAQ
What are the key financial targets for Orion Engineered Carbons (OEC) from 2023 to 2025?
Orion Engineered Carbons targets a cumulative discretionary free cash flow of ~$700 million to ~$800 million and a mid-cycle Adjusted EBITDA capacity of ~$500 million by 2025.
When is Orion Engineered Carbons' 2022 Investor Day?
Orion Engineered Carbons' 2022 Investor Day is scheduled for today at 1:00 p.m. EDT.
Who is leading the 2022 Investor Day for Orion Engineered Carbons (OEC)?
CEO Corning Painter is leading the 2022 Investor Day for Orion Engineered Carbons.
How can I access the live webcast of Orion Engineered Carbons' Investor Day?
You can access the live webcast of Orion Engineered Carbons' Investor Day by visiting their investor site.
