Orbia Advance Corporation Sab De Cv Stock Price, News & Analysis

Dura-Line, part of Orbia’s Connectivity Solutions, has acquired Biarri Networks, a Denver-based provider of fiber optic network design solutions. This strategic move enhances Dura-Line's offerings by integrating Biarri's data-driven engineering services into its infrastructure solutions. The acquisition aims to address the growing demand for global connectivity, as internet bandwidth has surged by 28% in 2022. Dura-Line plans to leverage Biarri's software and services to expand into customized network solutions, emphasizing scalability and reliability.

Orbia Advance Corporation reported strong Q2 2022 results, with net revenues of $2.7 billion, a 19% increase from Q2 2021. Key drivers included growth in Polymer Solutions, Data Communications, and Fluorinated Solutions. EBITDA rose 9% to $609 million, although EBITDA margin decreased to 22.9% due to rising input costs. Net majority income surged 38% to $266 million. Despite increased revenues, operating cash flow decreased 62% to $134 million, reflecting higher taxes and working capital. Orbia reaffirmed its EBITDA guidance of $1.75-$1.9 billion for 2022.

Orbia Advance Corporation will announce its Q2 2022 earnings after market close on July 27, 2022. A conference call is scheduled for July 28, 2022, at 10:00 a.m. CT and 11:00 a.m. ET, featuring CEO Sameer Bharadwaj, CFO Jim Kelly, and Investor Relations Director Gerardo Lozoya.

Participants are encouraged to join the call 10 minutes early, and a recording will be available shortly after the event.

Orbia Advance Corporation, S.A.B. de C.V. is hosting its 2022 Investor Day in Boston at the Westin Copley Hotel, starting at 9 a.m. local time. Attendees can join in-person or via livestream. Presentation slides will be accessible during the event, while a video replay and transcript will follow shortly after. Orbia operates across various sectors, including Polymer Solutions, Building and Infrastructure, and Precision Agriculture, with a focus on health, urban development, food security, and connectivity.

Orbia Advance Corporation reported strong Q1 2022 results with net revenues of $2.6 billion, a 36% increase year-over-year. This growth was driven by robust demand across all businesses, particularly in Polymer Solutions and Data Communications. EBITDA rose 35% to $611 million, while net income surged 77% to $250 million. The company completed the acquisition of a majority stake in Vectus in India, enhancing its Building and Infrastructure division. Moving forward, Orbia increased its EBITDA guidance for 2022 to a range of $1.75 billion to $1.9 billion.

Orbia Advance Corporation, S.A.B. de C.V. will release its first quarter 2022 earnings results on April 27th, 2022, after market close. A conference call is scheduled for April 28th, 2022, at 10:00 a.m. CT to discuss these results, featuring CEO Sameer Bharadwaj, CFO Jim Kelly, and Investor Relations Director Gerardo Lozoya. Interested participants can access the webcast via the Orbia website. Investors can also reach out through provided contact details for further inquiries.

Orbia’s Koura has announced that its Silatronix OS3® electrolyte material is now utilized in commercial lithium-ion batteries produced by Amprius Technologies, facilitating industry-leading energy densities of 450-Wh/Kg and 1150-Wh/L. The collaboration between Amprius and Koura enhances battery performance, enabling long cycle life even in challenging conditions. Koura aims to advance technology in the lithium-ion battery sector with the introduction of its products, including Koflyte® electrolyte additives, contributing to a more sustainable future.

Koura, in collaboration with Foosung Co. Ltd. and the Mayor of Kędzierzyn-Koźle, Poland, is set to develop a new plant to produce inorganic fluorine compounds essential for lithium-ion batteries in Europe. The construction will support local job creation, starting with 80 jobs, scaling to 150. This initiative aligns with Orbia's decarbonization strategy, aiming to meet rising demands in renewable energy. The plant will commence construction in Q2 2022, with recruitment starting in 2023, enhancing both economic development and educational opportunities in the region.