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Orion S.A - OEC STOCK NEWS

Welcome to our dedicated news page for Orion S.A (Ticker: OEC), a resource for investors and traders seeking the latest updates and insights on Orion S.A.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Orion S.A's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Orion S.A's position in the market.

News
Orion S.A. Announces First Quarter 2024 Earnings Release Date and Conference Call Information
Rhea-AI Summary
Orion S.A. (NYSE: OEC) has announced the release date for its first quarter 2024 earnings, scheduled for May 2, 2024, followed by a conference call on May 3, 2024. Investors can access the live call and webcast through the company's website.
Rhea-AI Impact
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Orion S.A. Breaks Ground on Battery Materials Plant in Texas
Rhea-AI Summary
Orion S.A. (NYSE: OEC) breaks ground on a plant in Texas to produce acetylene-based conductive additives for lithium-ion batteries, supporting the global shift to electrification. The facility in La Porte will create high-skilled jobs, reduce carbon footprint, and strengthen the U.S. battery market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
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Orion S.A. Maintains Gold Sustainability Rating by EcoVadis
Rhea-AI Summary
Orion S.A. (OEC) maintains Gold medal rating from EcoVadis, ranking in top 2% for sustainability. Score improves from 77% to 78% with focus on sustainable procurement and ethics. Achieved $300 million projects to reduce emissions and received €6.4 million funding for circular product development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
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Orion S.A. Announces its 2024 Annual General Meeting Date and Record Date
Rhea-AI Summary
Orion S.A. (NYSE:OEC) announced its 2024 annual general meeting scheduled for June 20, 2024, in Luxembourg. Shareholders can participate virtually and exercise rights remotely. Record date set for April 26, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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Orion S.A. Declares Interim Quarterly Dividend
Rhea-AI Summary
Orion S.A. (NYSE: OEC) declares an interim dividend of $0.0207 per common share for the second quarter of 2024, totaling approximately $1.25 million. The dividend will be paid on April 4, 2024, to shareholders of record as of March 13, 2024, with a Luxembourg withholding tax of 15%.
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Rhea-AI Sentiment
End-of-Day
-1.73%
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Orion S.A. Announces Financial Results For The Full Year Ended December 31, 2023
Rhea-AI Summary
Orion S.A. (NYSE: OEC) reported full-year 2023 financial results with net sales of $1.89 billion, down $137 million year over year. Net income was $103.5 million, diluted EPS at $1.73, and adjusted EBITDA at $332.3 million. The company completed emissions projects, repurchased $70 million of stock, and reduced net leverage to 2.35 times.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
earnings
News
Orion S.A. Completes all Air Emissions Technology Projects and Updates Business Conditions
Rhea-AI Summary
Orion S.A. (NYSE: OEC) has completed upgrading its air emissions control technology at all four of its U.S. carbon black plants, marking the biggest sustainability-related initiative in the company’s history. Despite challenges such as contractor issues, COVID-19, and supply chain disruptions, Orion finished ahead of some competitors. The company is now focusing on investing in profitable growth, reducing debt, and returning value to shareholders. However, with a slower recovery in end markets and downtime as a result of the EPA project, the company expects 2023 results to land at the lower end of its Adjusted EBITDA guidance range of $330 million to $340 million. While demand is recovering, it is building slower than expected in many markets. Orion projects a fourth year in a row of earnings growth in 2024, with a similar rate to 2023, which was a mid-single digit EBITDA increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
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Orion S.A. Announces Full Year 2023 Earnings Release Date and Conference Call Information
Rhea-AI Summary
Orion S.A. (NYSE: OEC) announced the release of its full year and fourth quarter 2023 results, with a conference call scheduled for February 15, 2024. The company's investor relations section will host a live and archived webcast of the call, and the dial-in details for the live conference call were provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
earnings
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Orion S.A. Leads Industry with Four Carbon Black Plants Awarded ISCC PLUS
Rhea-AI Summary
Orion S.A. (NYSE: OEC) achieves ISCC PLUS certification for its fourth plant in Cologne, Germany, solidifying its position as a leader in certified carbon black production. The company's commitment to sustainability and innovation is evident through its certification for producing circular and bio-circular raw materials, as well as its involvement in the EU-funded BlackCycle initiative. Orion's CEO, Corning Painter, emphasizes the company's dedication to sustainable products and the transparency of its value chain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
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Orion S.A. Reports Nine Month and Third Quarter Financial Results
Rhea-AI Summary
Orion S.A. (NYSE: OEC) reported their financial results for the nine months and third quarter of 2023. Net sales for the nine months were $1,425.7 million, down $143.1 million from the previous year. Net income was $98.6 million, up $4.6 million from the previous year. Diluted EPS was $1.65, up $0.12 from the previous year. In the third quarter, net sales were $466.2 million, down $76.9 million from the previous year, and net income was $26.2 million, down $5.6 million from the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.4%
Tags
earnings
Stock OEC logo
Orion S.A

NYSE:OEC

OEC Rankings

#2166 Ranked by Market Cap
#724 Ranked by Stock Gains
#2035 Ranked by Dividends

OEC Stock Data

1.41B
55.95M
2.18%
95.61%
1.46%
Other Basic Inorganic Chemical Manufacturing
Manufacturing
Link
South Korea
Yeosu

About OEC

orion engineered carbons is one of the world’s leading suppliers of carbon black. with more than 100 years of industry experience, we offer standard and high-performance products for coatings, printing inks, polymers, rubber and other applications. our high-quality gas blacks, furnace blacks and specialty carbon blacks tint, colorize and enhance the performance of plastics, paints and coatings, inks and toners, adhesives and sealants, tires, and manufactured rubber goods such as automotive belts and hoses. with 1.460 employees worldwide, orion engineered carbons runs 14 global production sites and four applied technology centers, focusing on quality supply and collaborative partnerships with customers. orion engineered carbons s.a. shares began trading on the nyse on july 24, 2014, under the ticker symbol “oec.”