Orion Engineered Carbons S.A. Stock Price, News & Analysis

Orion Engineered Carbons has appointed Jeffrey Glajch as the new chief financial officer, effective April 18, 2022. He succeeds Bob Hrivnak, who will continue as chief accounting officer. Glajch brings over 30 years of experience, most recently serving as CFO at Graham Corporation (NYSE: GHM) for 13 years. CEO Corning Painter expressed confidence in Glajch's ability to drive growth and provide strong financial leadership. The company will also release its full year 2021 results on February 17, 2022, followed by a conference call on February 18.

Orion Engineered Carbons (NYSE: OEC) will release its full-year 2021 results on February 17, 2022, after market closure, with a follow-up conference call on February 18 at 8:30 a.m. EST. Investors can access the dial-in numbers and a live webcast for the event. The company specializes in high-performance carbon black products used in various industries, boasting over 125 years of experience and a global production network of 14 sites. Focused on innovation and sustainability, Orion provides solutions for polymers, paints, inks, and more.

Orion Engineered Carbons (NYSE: OEC), a global carbon black supplier, has joined the U.N. Global Compact, enhancing its commitment to sustainability. The CEO, Corning Painter, emphasized the company's long-standing support for the pact's principles, focusing on human rights, labor, anti-corruption, and environmental practices. This initiative aims to foster a network of sustainable companies worldwide. Orion has over 125 years of experience in custom solutions across 14 global production sites, dedicated to responsible business practices and innovation.

Orion Engineered Carbons (NYSE: OEC) will invest in converting a reactor line at its Ivanhoe, La., plant to increase hard carbon black production by 30,000 tons annually by mid-2022. This strategic move aims to meet the growing demand for hard carbon black due to onshoring tire production in the U.S. The company will reduce soft carbon black production by an equal amount, enhancing the supply chain for automotive tires.

Orion Engineered Carbons S.A. (NYSE: OEC) reported solid third-quarter results for 2021, with net sales rising to $393.1 million, a 39.4% increase year-over-year. Net income reached $21.0 million, climbing 133.5% from last year, and basic EPS improved to $0.35. The company reinstated dividends while advancing key investments in emissions controls and Chinese expansion. Adjusted EBITDA also rose 20.8% to $66.4 million. However, the outlook indicates challenges with supply chain issues and inflation, leading to a tightened Adjusted EBITDA guidance of $265 million to $280 million.

Orion Engineered Carbons (NYSE: OEC) has declared an interim dividend of $1.25 million, translating to $0.02 per Common Share, scheduled for payment on January 12, 2022. Shareholders on record as of January 5, 2022 will receive the dividend, subject to a 15% Luxembourg withholding tax. CEO Corning Painter emphasized the company's focus on high-return investments while balancing capital structure and shareholder returns, aiming for growth and sustainability.

Orion Engineered Carbons (NYSE: OEC) announced a price increase for all specialty carbon black products, effective December 1, 2021. This decision comes in response to rising raw material, energy, and supply chain costs. CEO Corning Painter emphasized that the adjustment aims to uphold the company's commitment to providing reliable and sustainable solutions. The exact price increase will vary based on product type, manufacturing process, and location. Orion Engineered Carbons is a prominent supplier with over 125 years of experience in carbon black production.

Orion Engineered Carbons (NYSE: OEC) announced that Chief Financial Officer Lorin Crenshaw will leave for a leadership role at another company, remaining as an adviser until November 21, 2021. Bob Hrivnak has been appointed as Interim CFO, bringing over 30 years of financial leadership experience, including prior CFO roles. The company anticipates a smooth transition, having worked closely together for 18 months. Orion plans to release its Q3 2021 results after the market closes on November 4, 2021, followed by a conference call on November 5, 2021.

Orion Engineered Carbons (NYSE: OEC) will announce its Q3 2021 financial results on November 4, 2021, after market close. A conference call to discuss the results is scheduled for November 5, 2021, at 8:30 AM EST. Investors can join the call via U.S. toll-free number 1-877-407-4018 or international number 1-201-689-8471. A replay will be available until November 12, 2021. For further details, visit orioncarbons.com.