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Orion S.A. - OEC STOCK NEWS

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.
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Orion S.A. (NYSE: OEC) declares an interim dividend of $0.0207 per common share for the second quarter of 2024, totaling approximately $1.25 million. The dividend will be paid on April 4, 2024, to shareholders of record as of March 13, 2024, with a Luxembourg withholding tax of 15%.
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Orion S.A. (NYSE: OEC) reported full-year 2023 financial results with net sales of $1.89 billion, down $137 million year over year. Net income was $103.5 million, diluted EPS at $1.73, and adjusted EBITDA at $332.3 million. The company completed emissions projects, repurchased $70 million of stock, and reduced net leverage to 2.35 times.
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Orion S.A. (NYSE: OEC) has completed upgrading its air emissions control technology at all four of its U.S. carbon black plants, marking the biggest sustainability-related initiative in the company’s history. Despite challenges such as contractor issues, COVID-19, and supply chain disruptions, Orion finished ahead of some competitors. The company is now focusing on investing in profitable growth, reducing debt, and returning value to shareholders. However, with a slower recovery in end markets and downtime as a result of the EPA project, the company expects 2023 results to land at the lower end of its Adjusted EBITDA guidance range of $330 million to $340 million. While demand is recovering, it is building slower than expected in many markets. Orion projects a fourth year in a row of earnings growth in 2024, with a similar rate to 2023, which was a mid-single digit EBITDA increase.
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Orion S.A. (NYSE: OEC) announced the release of its full year and fourth quarter 2023 results, with a conference call scheduled for February 15, 2024. The company's investor relations section will host a live and archived webcast of the call, and the dial-in details for the live conference call were provided.
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Orion S.A. (NYSE: OEC) achieves ISCC PLUS certification for its fourth plant in Cologne, Germany, solidifying its position as a leader in certified carbon black production. The company's commitment to sustainability and innovation is evident through its certification for producing circular and bio-circular raw materials, as well as its involvement in the EU-funded BlackCycle initiative. Orion's CEO, Corning Painter, emphasizes the company's dedication to sustainable products and the transparency of its value chain.
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Orion S.A. (NYSE: OEC) reported their financial results for the nine months and third quarter of 2023. Net sales for the nine months were $1,425.7 million, down $143.1 million from the previous year. Net income was $98.6 million, up $4.6 million from the previous year. Diluted EPS was $1.65, up $0.12 from the previous year. In the third quarter, net sales were $466.2 million, down $76.9 million from the previous year, and net income was $26.2 million, down $5.6 million from the previous year.
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Orion S.A. announces the launch of PRINTEX® kappa 10, a high-quality conductive additive for lithium-ion batteries. The product enhances energy transfer and power response, meeting the growing demand for electric vehicles and energy storage systems.
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Orion S.A. to release Q3 2023 results and hold conference call on November 2nd and 3rd, 2023
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Orion S.A. renews its senior secured revolving credit facility, reducing it to EUR 300 million from EUR 350 million. The credit facility has a five-year term and was oversubscribed by 20 percent. The company aims to reduce net debt and improve net debt to EBITDA ratio. They added new sustainability goals that could reduce the interest rate by 0.05 percent if achieved.
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Orion S.A. opens Battery Innovation Center in Germany to serve the growing lithium-ion battery industry. The center will accelerate product and process development. Orion also establishes a specialized organization for its battery business. Dr. Adrian Steinmetz joins as global vice president for conductive additives. Orion is building a plant in the US to quadruple manufacturing capacity.
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FAQ

What is the current stock price of Orion S.A. (OEC)?

The current stock price of Orion S.A. (OEC) is $18.05 as of November 22, 2024.

What is the market cap of Orion S.A. (OEC)?

The market cap of Orion S.A. (OEC) is approximately 1.0B.

What does Orion S.A. do?

Orion S.A. is a global supplier of carbon black products used to enhance the performance of plastics, paints, coatings, inks, toners, adhesives, sealants, tires, and automotive rubber goods.

What are the main segments of Orion S.A.?

Orion S.A. operates in two main segments: Specialty Carbon Black and Rubber Carbon Black.

What is the Specialty Carbon Black segment?

The Specialty Carbon Black segment produces carbon blacks used as pigments and performance additives in coatings, polymers, printing, and special applications.

What is the Rubber Carbon Black segment?

The Rubber Carbon Black segment produces carbon blacks used to reinforce rubber in tires and mechanical rubber goods like automotive belts and hoses.

Where does Orion S.A. derive most of its revenue?

Orion S.A. derives a majority of its revenue from Germany.

When did Orion S.A. begin trading on the NYSE?

Orion S.A. began trading on the New York Stock Exchange on July 24, 2014, under the ticker symbol 'OEC'.

How many employees does Orion S.A. have?

Orion S.A. employs approximately 1,460 people worldwide.

What are some recent achievements of Orion S.A.?

Recent achievements include a new partnership with an automotive manufacturer, expansion of a production facility in Germany, and the introduction of an eco-friendly carbon black product line.

What does Orion S.A. focus on in its R&D efforts?

Orion S.A. focuses on expanding its product portfolio and improving production technologies to meet customer demands and maintain competitive advantage.

Where can I find the latest news about Orion S.A.?

The latest news about Orion S.A. can be found in the news section on StockTitan's webpage dedicated to the company.

Orion S.A.

NYSE:OEC

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OEC Stock Data

1.05B
56.26M
2.53%
93.51%
0.82%
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