Welcome to our dedicated page for Orion Engineered Carbons news (Ticker: OEC), a resource for investors and traders seeking the latest updates and insights on Orion Engineered Carbons stock.
Orion S.A. reports news as a global specialty chemicals company focused on carbon black, a solid form of carbon supplied as powder or pellets for tires, coatings, ink, batteries, plastics and other performance applications. Updates commonly address its Specialty Carbon Black and Rubber Carbon Black businesses, including demand trends, oil-linked pricing pass-throughs, feedstock and energy costs, surcharges, production optimization and customer supply conditions.
Company announcements also cover quarterly and annual earnings, adjusted EBITDA outlook changes, cash flow, working-capital actions, interim dividends, annual general meeting matters and investor conference participation. Orion operates carbon black production sites worldwide and maintains innovation centers that support application development across rubber reinforcement, pigments, conductive additives, durability and UV-protection uses.
Orion Engineered Carbons (NYSE: OEC) reported third-quarter 2022 results, showcasing significant growth in financial metrics. Net sales rose to $543.1 million, up 38.2% year over year, with net income at $31.8 million and diluted EPS of $0.52. Adjusted EBITDA increased to $80.5 million, marking a 21.2% rise. The growth was driven primarily by strong performance in the Rubber Carbon Black segment. The company is optimistic about continued growth in 2023 with improved pricing and operational efficiencies.
Orion Engineered Carbons (NYSE: OEC) has achieved a significant sustainability milestone by becoming the first company to receive ISCC Plus certification for various carbon black grades produced from different feedstocks at multiple global plants. This certification validates the company's commitment to high sustainability standards and enhances transparency in its value chain. Products certified include ECORAX® Circular grades from Texas and Ohio and ECORAX® Nature 200 from Poland. Orion’s sustainable solutions position it as a leader in the industry, furthering its innovation towards a circular economy for tires.
Orion Engineered Carbons (NYSE: OEC) will release its third quarter 2022 results on November 3, 2022, followed by a conference call on November 4, 2022, at 8:30 a.m. (EDT). Interested parties can dial in at 1-877-407-4018 (U.S. Toll Free) or 1-201-689-8471 (International). A replay will be available through November 11, 2022. Orion specializes in carbon black, serving various industries worldwide with innovative solutions.
Orion Engineered Carbons (NYSE: OEC) has announced an interim dividend of $0.0207 per share, totaling approximately $1.25 million, to be paid on January 10, 2023. This payment is for shareholders on record as of January 3, 2023, with a 15% Luxembourg withholding tax applicable. Orion specializes in carbon black, serving various industries including tires and coatings, and maintains a robust global footprint with innovation centers and 14 production plants worldwide.
Orion Engineered Carbons (NYSE: OEC) will have CEO Corning Painter and CFO Jeff Glajch attend the 35th Annual Credit Suisse Specialties and Basics Conference in New York on September 13 at 1:15 PM EDT. Investors can access the audio link of the discussion on the company's website, with a transcript available afterward. Orion is a global leader in carbon black supply, providing materials tailored for various applications including tires and coatings, backed by over 160 years of expertise and innovation.
Orion Engineered Carbons (NYSE: OEC) has announced a price increase for all specialty carbon black grades produced in Europe, effective from October 1, 2022. The adjustments will be communicated to customers individually, influenced by various factors including product type and manufacturing location. This decision aims to maintain the supply of high-quality specialty products amid rising natural gas and oil prices and political instability in Europe. The increase also supports further investment in new product development to meet global market demands.
Orion Engineered Carbons (NYSE: OEC) reported Q2 2022 net sales of $541.2 million, a 35% year-over-year increase, while net income fell to $29.7 million, down 66.7% from the previous year due to a one-time Evonik settlement gain. Diluted EPS was $0.49, down from $1.47. Adjusted EBITDA rose by 5.8% to $83.4 million. The company anticipates achieving $310-$340 million in Adjusted EBITDA for the year. The expansion of their Senior Secured Revolving Credit Facility to €350 million also highlights ongoing financial strategy.
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Orion Engineered Carbons (NYSE: OEC), a specialty chemicals company, announced participation in the Jefferies Industrials Conference in New York on August 9. CEO Corning Painter and CFO Jeff Glajch will engage in one-on-one meetings, with Mr. Painter presenting on August 10 at 9:00 AM EDT. Orion is a global leader in carbon black production, serving various industries including tires, coatings, and plastics. The company operates 14 plants and innovation centers worldwide, backed by over 160 years of expertise.
Orion Engineered Carbons (NYSE: OEC) will release its second quarter 2022 results after market close on August 4, 2022. A conference call discussing these results is scheduled for August 5, 2022, at 8:30 a.m. EDT. Investors can access the call through a U.S. toll-free line at 1-877-407-4018 or internationally at 1-201-689-8471. Additionally, a replay will be available through August 12, 2022, with toll-free numbers provided for both U.S. and international callers.