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Orion Engineered Carbons S.A. - OEC STOCK NEWS

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Comprehensive Overview of Orion Engineered Carbons S.A.

Orion Engineered Carbons S.A. has established itself as a pivotal manufacturer of carbon black, a critical material used to tint, reinforce, and enhance the performance of a diverse range of products. With over a century of industry expertise, the company produces both rubber carbon black and specialty carbon black that serve essential roles in sectors such as tire manufacturing, coatings, printing inks, and polymer formulations. The integration of advanced production technologies with rigorous quality controls reflects the firm's deep technical competence in the field of industrial chemicals and materials science.

In its core operations, Orion Engineered Carbons S.A. harnesses extensive research in formulating carbon black that caters specifically to two main segments. The Rubber Carbon Black segment primarily focuses on reinforcing rubber, making it a key component in the production of tires and various mechanical rubber goods. This portion of the business underpins applications where durability and performance are paramount. In contrast, the Specialty Carbon Black segment is tailored towards enhancing the color, tint, and overall performance in products such as coatings, adhesives, sealants, and printing inks. This dual-segment strategy not only underscores the versatility of carbon black as a material but also demonstrates the company’s commitment to innovation and high performance in a variety of applications.

From an operational perspective, the company’s global network is a testament to its robust supply chain and technical expertise. Operating multiple production facilities and applied technology centers around the world, Orion Engineered Carbons ensures a consistent supply of high-quality carbon black products while fostering collaborative partnerships with its customers. This strategic geographic footprint enables the company to cater effectively to the diverse demands of markets, particularly within regions known for advanced manufacturing and industrial applications.

The firm’s integration of research and development into its production processes has been instrumental in delivering products that meet evolving industry standards. Emphasizing consistent quality and performance, the company’s product portfolio is a result of continuous improvements and meticulous control over production variables. This approach not only supports the reinforcement of manufacturing processes in the tire and rubber industry but also extends to enhancing the aesthetics and functionality of coatings and polymer-based products.

In addition to its primary focus on product quality, Orion Engineered Carbons S.A. maintains a strong emphasis on collaborative customer partnerships. This is achieved through tailored solutions that address specific industry challenges, thereby providing substantial value through technical expertise and innovation. By leveraging its longstanding technical experience and global presence, the company effectively bridges the gap between complex industrial requirements and cutting-edge production methodologies.

Key industry-specific keywords such as "carbon black," "reinforcement," and "performance additives" are embedded in its communications, reflecting the company’s mastery over the intricate details of material science. This integration of specialized language aids not only in search engine optimization but also in establishing a clear narrative that is accessible to both industry experts and those newly exploring the sector.

The competitive landscape in which Orion Engineered Carbons operates is complex, characterized by robust market forces and evolving customer demands. While there are several players in the carbon black industry, the company distinguishes itself through its longstanding expertise, diversified product segments, and a commitment to continuous technological enhancement. Its conservative approach to quantitative disclosure ensures that the focus remains squarely on product performance and operational perfection, underscoring a business model that is built on adaptability and reliability.

Moreover, the company's history of innovation has allowed it to strategically position itself at the intersection of quality manufacturing and advanced technical application. The emphasis on specialty applications, combined with a focus on reinforcing products utilized in high-performance rubber goods, renders the company a name synonymous with precision and excellence. This robust standing in its designated segments speaks volumes about its role as a critical enabler in various industrial and consumer applications.

Overall, Orion Engineered Carbons S.A. offers a comprehensive illustration of how specialized material manufacturing can pivot around deep technical expertise and operational excellence. Its insistence on quality, combined with unwavering adherence to industry-specific standards, has positioned the company as an authoritative voice in the realm of carbon black production. The clear communication of these nuances ensures that industry stakeholders, market analysts, and investors alike have an informed perspective on the company’s business model, without any unnecessary promotional tendencies.

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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.

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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.

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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.

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Orion Engineered Carbons (NYSE:OEC) announced its 2023 annual general meeting on June 7, 2023, at 2:00 pm CET in Luxembourg. The record date for shareholder admission is set for April 6, 2023. Additionally, an extraordinary general meeting will take place on the same day at 4:00 pm CET, primarily to refresh the Board's five-year authorization for issuing up to five million new shares and for corporate housekeeping. Both meetings will allow virtual attendance and remote communication for shareholder participation.

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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.

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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.

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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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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.

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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.

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FAQ

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

The current stock price of Orion Engineered Carbons S.A. (OEC) is $12.23 as of April 23, 2025.

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

The market cap of Orion Engineered Carbons S.A. (OEC) is approximately 690.6M.

What is the core business of Orion Engineered Carbons S.A.?

The company specializes in manufacturing carbon black, producing both rubber carbon black for tire and mechanical rubber applications and specialty carbon black for coatings, printing inks, and polymer enhancements.

How does Orion Engineered Carbons generate revenue?

Revenue is primarily generated through the sale of carbon black products that are used in various industrial applications, including tire reinforcement and performance additives for polymers and coatings.

What are the main segments of Orion Engineered Carbons' operations?

The firm operates mainly through two segments: the Rubber Carbon Black segment and the Specialty Carbon Black segment, each catering to distinct industry needs and applications.

What industries benefit from the products of Orion Engineered Carbons?

Industries such as tire manufacturing, coatings, printing, adhesives, sealants, and plastics benefit from high-quality carbon black products which enhance durability, color, and performance.

How does the company ensure quality in its carbon black products?

Orion Engineered Carbons utilizes advanced production methodologies and operates multiple applied technology centers globally to maintain rigorous quality control and continuous product improvement.

What distinguishes Orion Engineered Carbons from its competitors?

The company's long-standing industry expertise, dual-segment product range, and emphasis on collaborative partnerships and technological innovation distinguish it in the competitive carbon black market.

How does the company address the diverse needs of its market?

By dividing its operations into specialized segments and operating globally, Orion Engineered Carbons offers tailored solutions that cater to both high-strength rubber applications and specialty performance enhancements.

What role does research and development play at Orion Engineered Carbons?

The company integrates R&D deeply into its operations to refine production processes and develop innovative products that meet high industry standards and evolving market demands.
Orion Engineered Carbons S.A.

NYSE:OEC

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