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) will announce its full year and fourth quarter 2022 results on February 16, 2023, after market close. A conference call is scheduled for February 17, 2023, at 8:30 a.m. (EST) to discuss these results. Investors can dial in using U.S. Toll Free: 1-877-407-4018 or International: 1-201-689-8471. A replay will be available until February 24, 2023. Orion specializes in carbon black production for diverse applications, with a strong commitment to innovation and sustainability. The company has a legacy of over 160 years in the industry and operates 14 plants globally.
Orion Engineered Carbons (NYSE: OEC) announced a significant upgrade to a ‘B’ score from CDP, recognizing its effective environmental management and commitment to climate initiatives. This marks a progression from a previous ‘C’ score, indicating improved accountability. CEO Corning Painter emphasized the company's dedication to transparency in climate reporting. Earlier this year, Orion was also elevated from a ‘Silver’ to ‘Gold’ designation by EcoVadis, placing it in the top 3% of sustainability performers globally.
Orion Engineered Carbons (NYSE: OEC) has announced a new share repurchase program, authorizing the purchase of up to $50 million of its outstanding common stock. The Board's decision reflects a commitment to driving long-term shareholder value amidst favorable macroeconomic conditions. CEO Corning Painter emphasized the company's improving discretionary cash flow and the intent to strategically invest for growth, indicating that current market valuations do not fully reflect the company's potential. Stock repurchases will occur depending on market conditions and other considerations.
Orion Engineered Carbons (NYSE: OEC) reported third-quarter 2022 results, showcasing significant growth in financial metrics. Net sales rose to $543.1 million, up 38.2% year over year, with net income at $31.8 million and diluted EPS of $0.52. Adjusted EBITDA increased to $80.5 million, marking a 21.2% rise. The growth was driven primarily by strong performance in the Rubber Carbon Black segment. The company is optimistic about continued growth in 2023 with improved pricing and operational efficiencies.
Orion Engineered Carbons (NYSE: OEC) has achieved a significant sustainability milestone by becoming the first company to receive ISCC Plus certification for various carbon black grades produced from different feedstocks at multiple global plants. This certification validates the company's commitment to high sustainability standards and enhances transparency in its value chain. Products certified include ECORAX® Circular grades from Texas and Ohio and ECORAX® Nature 200 from Poland. Orion’s sustainable solutions position it as a leader in the industry, furthering its innovation towards a circular economy for tires.
Orion Engineered Carbons (NYSE: OEC) will release its third quarter 2022 results on November 3, 2022, followed by a conference call on November 4, 2022, at 8:30 a.m. (EDT). Interested parties can dial in at 1-877-407-4018 (U.S. Toll Free) or 1-201-689-8471 (International). A replay will be available through November 11, 2022. Orion specializes in carbon black, serving various industries worldwide with innovative solutions.
Orion Engineered Carbons (NYSE: OEC) has announced an interim dividend of
Orion Engineered Carbons (NYSE: OEC) will have CEO Corning Painter and CFO Jeff Glajch attend the 35th Annual Credit Suisse Specialties and Basics Conference in New York on September 13 at 1:15 PM EDT. Investors can access the audio link of the discussion on the company's website, with a transcript available afterward. Orion is a global leader in carbon black supply, providing materials tailored for various applications including tires and coatings, backed by over 160 years of expertise and innovation.
Orion Engineered Carbons (NYSE: OEC) has announced a price increase for all specialty carbon black grades produced in Europe, effective from October 1, 2022. The adjustments will be communicated to customers individually, influenced by various factors including product type and manufacturing location. This decision aims to maintain the supply of high-quality specialty products amid rising natural gas and oil prices and political instability in Europe. The increase also supports further investment in new product development to meet global market demands.
Orion Engineered Carbons (NYSE: OEC) reported Q2 2022 net sales of $541.2 million, a 35% year-over-year increase, while net income fell to $29.7 million, down 66.7% from the previous year due to a one-time Evonik settlement gain. Diluted EPS was $0.49, down from $1.47. Adjusted EBITDA rose by 5.8% to $83.4 million. The company anticipates achieving $310-$340 million in Adjusted EBITDA for the year. The expansion of their Senior Secured Revolving Credit Facility to €350 million also highlights ongoing financial strategy.
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