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

Orbia Advance Corporation reported strong financial results for Q4 and FY 2021. Q4 net revenues reached $2.3 billion, marking a 34% increase. The company's EBITDA jumped 31% to $504 million, driven by high PVC prices and demand in Polymer Solutions. For the full year, revenues climbed 37% to $8.8 billion, with net majority income soaring 238% to $657 million. The firm maintained a robust balance sheet with a net debt-to-EBITDA ratio of 1.34x. Looking forward, Orbia anticipates moderate sales growth and projected EBITDA between $1.6 billion and $1.75 billion for 2022.

Ascend Elements and Koura have debuted a proprietary process technology that recycles spent lithium-ion batteries, producing high-purity graphite at over 99.9% yield. This innovation addresses critical material challenges in the battery supply chain, supporting the growing demand for electric vehicles, projected to rise by 30% annually through 2030. Ascend Elements emphasizes the economic benefits of recycling, enhancing material value and reducing dependency on new mineral extraction. The partnership bolsters Koura's renewable technology initiatives, contributing to a sustainable circular battery economy.

Orbia Advance Corporation will release its Q4 2021 and full year 2021 earnings after market close on February 23, 2022. A conference call will be held on February 24, 2022, at 9:30 a.m. CT to discuss the results. Key speakers include Sameer Bharadwaj (CEO), Jim Kelly (CFO), and Gerardo Lozoya (Investor Relations Director). Investors can join via various toll-free numbers or access the webcast on the company’s website. This event is crucial for stakeholders seeking insights into the company’s financial performance.

BASF Venture Capital and Orbia Ventures have announced a Series-B investment in Israeli biotech startup FortePhest, aimed at developing innovative herbicides. This funding will help battle herbicide-resistant weeds and invasive plants, crucial as over 250 weed species resist more than 150 herbicides currently in use. FortePhest’s proprietary herbicides target weed growth without harming essential crops like corn and wheat, addressing significant challenges in sustainable agriculture. The specific financial details of the investment remain undisclosed.

Orbia Ventures has joined an investor syndicate, led by TDK Ventures, to contribute to a $25 million funding round for Verdagy, a green hydrogen developer. This capital will enhance the commercialization of Verdagy's innovative electrolyzer technology, designed to decarbonize industrial processing. The global green hydrogen market is projected to reach $89 billion by 2030, with Verdagy's technology set to lower costs and improve scalability. Orbia CEO Sameer Bharadwaj emphasizes the importance of green hydrogen in decarbonizing various industries.

Wavin B.V., part of Orbia, has announced plans to acquire a majority stake in Vectus Industries Limited, a leading Indian manufacturer of plumbing and drainage products. This strategic move aims to enhance Wavin's operations within India's growing water management sector, catering to various markets including residential and agriculture. The acquisition is expected to close in Q1 2022 and will bolster Wavin’s footprint with 19 manufacturing sites and a vast distribution network, positioning it to better address India’s infrastructure needs.

Orbia Advance Corporation reported impressive Q3 2021 results, achieving net revenues of $2.3 billion, a 40% increase YoY, driven by strong demand, especially in Polymer Solutions. EBITDA rose 47% to $532 million, with an expanded margin of 23.3%. Net majority income surged 167% to $197 million. The company raised its 2021 EBITDA growth guidance to 44%-48%. Despite rising raw material costs impacting some segments, Orbia maintained a 1.48x leverage ratio and continued investing in strategic growth initiatives while returning cash to shareholders.

BOSTON--(BUSINESS WIRE)--Orbia has made a significant investment of $70 million in Battery Resourcers, focusing on global lithium-ion battery recycling. This funding aims to establish two new commercial processing facilities by 2022, driven by the anticipated rise of electric vehicles (EVs) to 145 million by 2030 and the push for recycling mandates. Orbia's CEO highlighted the collaboration's commitment to advancing renewable technologies, while Battery Resourcers works on sustainable battery materials. Orbia previously invested in Battery Resourcers in April 2021.

Orbia Advance Corporation will announce its Q3 2021 earnings on October 27, 2021, after market close. The subsequent conference call is scheduled for October 28, 2021, at 10:00 a.m. CT (11:00 a.m. ET). Key speakers include CEO Sameer Bharadwaj, CFO Jim Kelly, and Investor Relations Director Gerardo Lozoya. Investors can access the call by dialing numbers provided for the USA, Mexico, and other countries. A recording will be available on their website shortly after the call.