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), a specialty chemical company, has announced the release date for its second quarter 2024 earnings. The results will be disclosed after the market closes on Thursday, August 1, 2024, followed by a conference call on Friday, August 2, 2024, at 8:30 a.m. (ET). Investors can access the live conference call using the provided dial-in numbers for U.S. Toll Free and International lines. A replay of the call will be available until August 16, 2024. Additionally, a live and archived webcast of the conference call will be accessible through the investor relations section of Orion's website at orioncarbons.com.
Orion S.A. (NYSE: OEC), a specialty chemical company, has announced an interim quarterly 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 October 9, 2024, to shareholders of record as of July 1, 2024. A Luxembourg withholding tax of 15% will be deducted, with potential exemptions and reductions applicable in certain situations.
Orion S.A. (NYSE: OEC), a global specialty chemicals company, announced an investment in Alpha Carbone, a French tire recycling company. This partnership aims to scale up the production of tire pyrolysis oil and recovered carbon black. A long-term supply agreement will make Orion the exclusive customer for Alpha Carbone's tire pyrolysis oil, which will be used to manufacture circular carbon black for tire and rubber goods. The plant in Dole, France, is expected to start operations in late 2025. This initiative supports Orion's goal of advancing sustainable solutions and contributing to a circular economy.
Orion S.A. reported financial results for the first quarter of 2024 with net sales of $502.9 million, up $2.2 million year over year, and net income of $26.7 million, down $15.6 million. Diluted EPS was $0.45, down $0.25 year over year. Adjusted EBITDA was $85.3 million, down 16% year over year. Despite the decrease in income and EPS compared to the previous year, the company's CEO highlighted positive indicators such as increased gross profit margins and strong volumes in key markets. Orion expects growth in 2024 with progress towards financial goals.
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