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

Orion Engineered Carbons S.A. (NYSE: OEC) announced a 20% price increase for acetylene black globally, effective March 1, 2021. This decision follows the acquisition of an acetylene black plant in France, which requires new investments to meet the growing demand in the lithium-ion battery sector. The company faces rising costs in packaging, transportation, and environmental obligations, prompting this pricing adjustment.

Orion Engineered Carbons S.A. (NYSE: OEC) has donated $10,000 to the Memorial Health Foundation to support COVID-19 efforts in southeastern Ohio and northwestern West Virginia. This contribution underscores the company's commitment to community health and safety, as stated by CEO Corning Painter. The Memorial Health Foundation raised over $530,000 in three weeks for local healthcare initiatives. This donation reflects Orion's dedication to being a responsible corporate citizen while promoting a sustainable future for its stakeholders.

Orion Engineered Carbons S.A. (NYSE: OEC) announced it will release its fourth quarter and full-year 2020 results on February 18, 2021, after market close. A conference call will follow on February 19, 2021, at 8:30 a.m. (EST). Dial-in information includes U.S. Toll-Free: 1-877-407-4018 and International: 1-201-689-8471. A replay will be accessible until February 26, 2021, with Conference ID: 13714486. Orion operates 14 global production sites and supplies a diverse range of carbon blacks used in various industries.

Orion Engineered Carbons (NYSE: OEC) has revised its fourth quarter Adjusted EBITDA guidance upward to $64-$67 million, up from a previous estimate of $44-$55 million. This adjustment reflects stronger performance in the specialty carbon black sector, with low-double digit volume growth. Conversely, the rubber carbon black segment saw a mid-single-digit decline. The company attributes the results to customer restocking amid supply chain management efforts. Orion expects a strong January, despite broader economic uncertainties. Detailed Q4 and full-year 2020 results will be available post-market on February 18, 2021.

Orion Engineered Carbons S.A. (NYSE: OEC) has announced that CEO Corning Painter will present at the CJS Securities 21st Annual New Ideas for the New Year Conference on January 13, 2021, at 9:30 a.m. ET. In addition to the presentation, CFO Lorin Crenshaw will also conduct one-on-one meetings virtually that day. With 14 global production sites and around 1,425 employees, Orion is a major supplier of specialty carbon black, used in various applications including polymers, paints, and tires. For more details, visit www.orioncarbons.com.

Orion Engineered Carbons S.A. (NYSE: OEC) has successfully completed a multi-year upgrade at its Qingdao, China facility, implementing a new cogeneration unit that enhances sustainability by recovering energy from operations. This eco-friendly initiative not only improves energy efficiency but also provides heating for up to 5,000 homes in the local district. The upgrade exemplifies the company’s commitment to fostering community ties and driving long-term sustainability. CEO Corning Painter emphasized that such capital investments demonstrate a positive intersection of business interests and environmental responsibility.

Orion Engineered Carbons S.A. (NYSE: OEC) reported Q3 2020 net sales of $282 million, down 23.8% from $370.2 million in Q3 2019, primarily due to lower feedstock costs and COVID-19-related demand reduction. Net income fell 62.9% year-over-year to $9 million, with basic EPS of $0.15 compared to $0.40 in 2019. Adjusted EBITDA decreased by 19.2% to $55 million. The rubber business recovered to 91% of prior levels, while specialty carbon black saw a 97% recovery. The company projects Q4 Adjusted EBITDA between $44 million and $54 million despite economic uncertainties.

Orion Engineered Carbons S.A. (NYSE: OEC) announced that CEO Corning Painter and CFO Lorin Crenshaw will present at Baird’s Global Industrial Conference on November 12, 2020, at 11:25 am EST. They will also engage in virtual one-on-one meetings during the event. Orion is a leading global supplier of specialty and high-performance carbon black, operating 14 production sites worldwide with approximately 1,425 employees. The company produces various carbon blacks used in polymers, paints, coatings, and mechanical goods.