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Orion S.A. - OEC STOCK NEWS

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.
Rhea-AI Summary

Orion S.A. (NYSE: OEC), a specialty chemical company, has announced the release date for its second quarter 2024 earnings. The results will be disclosed after the market closes on Thursday, August 1, 2024, followed by a conference call on Friday, August 2, 2024, at 8:30 a.m. (ET). Investors can access the live conference call using the provided dial-in numbers for U.S. Toll Free and International lines. A replay of the call will be available until August 16, 2024. Additionally, a live and archived webcast of the conference call will be accessible through the investor relations section of Orion's website at orioncarbons.com.

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Orion S.A. (NYSE: OEC), a specialty chemical company, has announced an interim quarterly dividend of $0.0207 per common share, totaling approximately $1.25 million based on the current number of outstanding shares. The dividend will be paid on October 9, 2024, to shareholders of record as of July 1, 2024. A Luxembourg withholding tax of 15% will be deducted, with potential exemptions and reductions applicable in certain situations.

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Orion S.A. (NYSE: OEC), a global specialty chemicals company, announced an investment in Alpha Carbone, a French tire recycling company. This partnership aims to scale up the production of tire pyrolysis oil and recovered carbon black. A long-term supply agreement will make Orion the exclusive customer for Alpha Carbone's tire pyrolysis oil, which will be used to manufacture circular carbon black for tire and rubber goods. The plant in Dole, France, is expected to start operations in late 2025. This initiative supports Orion's goal of advancing sustainable solutions and contributing to a circular economy.

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Orion S.A. reported financial results for the first quarter of 2024 with net sales of $502.9 million, up $2.2 million year over year, and net income of $26.7 million, down $15.6 million. Diluted EPS was $0.45, down $0.25 year over year. Adjusted EBITDA was $85.3 million, down 16% year over year. Despite the decrease in income and EPS compared to the previous year, the company's CEO highlighted positive indicators such as increased gross profit margins and strong volumes in key markets. Orion expects growth in 2024 with progress towards financial goals.

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Orion S.A. (NYSE: OEC) has declared an interim dividend of $0.0207 per common share for the third quarter of 2024, totaling approximately $1.25 million. The dividend will be paid on July 2, 2024, to shareholders of record as of June 11, 2024, with a 15% Luxembourg withholding tax.
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Orion S.A. (NYSE: OEC) has achieved a significant milestone by receiving a Platinum sustainability rating from EcoVadis, moving up from Gold. This places Orion in the top 1% of companies rated by EcoVadis, showcasing a remarkable improvement from their previous Silver level. The company's sustainability score has increased from 78% to 82% based on their 2023 performance. Orion's CEO, Corning Painter, commended the global team for their hard work and dedication to reaching this prestigious rating.
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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.
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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.
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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.
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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.
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FAQ

What does Orion S.A. do?

Orion S.A. is a global supplier of carbon black products used to enhance the performance of plastics, paints, coatings, inks, toners, adhesives, sealants, tires, and automotive rubber goods.

What are the main segments of Orion S.A.?

Orion S.A. operates in two main segments: Specialty Carbon Black and Rubber Carbon Black.

What is the Specialty Carbon Black segment?

The Specialty Carbon Black segment produces carbon blacks used as pigments and performance additives in coatings, polymers, printing, and special applications.

What is the Rubber Carbon Black segment?

The Rubber Carbon Black segment produces carbon blacks used to reinforce rubber in tires and mechanical rubber goods like automotive belts and hoses.

Where does Orion S.A. derive most of its revenue?

Orion S.A. derives a majority of its revenue from Germany.

When did Orion S.A. begin trading on the NYSE?

Orion S.A. began trading on the New York Stock Exchange on July 24, 2014, under the ticker symbol 'OEC'.

How many employees does Orion S.A. have?

Orion S.A. employs approximately 1,460 people worldwide.

What are some recent achievements of Orion S.A.?

Recent achievements include a new partnership with an automotive manufacturer, expansion of a production facility in Germany, and the introduction of an eco-friendly carbon black product line.

What does Orion S.A. focus on in its R&D efforts?

Orion S.A. focuses on expanding its product portfolio and improving production technologies to meet customer demands and maintain competitive advantage.

Where can I find the latest news about Orion S.A.?

The latest news about Orion S.A. can be found in the news section on StockTitan's webpage dedicated to the company.

Orion S.A.

NYSE:OEC

OEC Rankings

OEC Stock Data

1.36B
58.31M
2.3%
94.38%
1.66%
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