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 Engineered Carbons (NYSE: OEC) has declared an interim dividend of $0.0207 per common share, totaling approximately $1.25 million based on current shares outstanding. The dividend is set for payment on July 6, 2023, with a record date of May 17, 2023. Shareholders will face a 15% Luxembourg withholding tax, which may have exemptions. Orion specializes in producing carbon black for various applications including tires and coatings, and operates globally with a focus on sustainable solutions. This move reflects the company's ongoing commitment to returning value to shareholders.
Orion Engineered Carbons (NYSE: OEC) has successfully installed a cogeneration technology at its Ivanhoe plant in Louisiana, enhancing operational efficiency. This technology converts waste steam from carbon black production into electricity, reducing reliance on the grid and minimizing downtime. CEO Corning Painter emphasized its significance for consistent production, particularly in the Gulf Coast region, which faces severe weather challenges. Additionally, improved equipment reliability is expected, preventing costly shutdowns. This upgrade follows the late 2021 installation of air emissions control technology, marking another step in Orion’s commitment to sustainable practices. Overall, these innovations aim to bolster operational performance and align with the company's environmental objectives.
Orion Engineered Carbons (NYSE: OEC) announced it will release its first quarter 2023 financial results after market close on May 4, 2023. A conference call will follow on May 5, 2023, at 8:30 a.m. (EDT), where investors can participate via U.S. Toll-Free: 1-877-407-4018 or International: 1-201-689-8471. A replay of the call will be available until May 12, 2023. The company's investor relations section will also host a live and archived webcast of the call. Orion, a leading carbon black supplier, operates 15 plants globally and has a history stretching over 160 years, focusing on customer-specific solutions across various applications including tires and coatings.
Orion Engineered Carbons (NYSE:OEC) announced its 2023 annual general meeting on
Orion Engineered Carbons (NYSE: OEC) has declared an interim dividend of $0.0207 per common share, totaling approximately $1.25 million. The dividend will be paid on April 5, 2023, with a record date of March 21, 2023. A 15% Luxembourg withholding tax will be applied, which may vary based on exemptions. Orion is a global carbon black supplier, providing specialized materials for various high-performance applications. The company emphasizes innovation and sustainability, backed by over 160 years of industry experience.
Orion Engineered Carbons (NYSE: OEC) reported its financial results for Q4 and full year 2022, highlighting net sales of $2,030.9 million, a 31% increase year-over-year, but a net income decline to $106.2 million. Key metrics included a diluted EPS of $1.73, down $0.48 from last year due to a prior Evonik cash settlement. The fourth quarter saw net sales rise 17.7% to $462.1 million and a net income increase of 1009.1% to $12.2 million. The company anticipates 2023 Adjusted EBITDA between $350 million and $380 million, and an Adjusted EPS of $2.30 to $2.60.
Orion Engineered Carbons (NYSE: OEC) announced a $60 million project to significantly reduce air emissions at its Borger, Texas plant. This upgrade, part of the company's sustainability initiatives, will cut nitrogen oxide and sulfur dioxide emissions by 90%, eliminating 23 tons per day. The project also enhances the plant's cogeneration system, allowing for electricity generation from the carbon black production process, which will enhance energy efficiency and potential revenue through grid sales. Orion has also upgraded its emissions control technology in additional U.S. facilities and anticipates increased free cash flow for future growth investments.
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