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) 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.
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Orion Engineered Carbons (NYSE: OEC) announced a carbon dioxide (CO2) surcharge on all carbon blacks produced in Europe, effective January 1, 2022. This decision aligns with the EU Emission Trading System, which aims for a 55% reduction in greenhouse gas emissions by 2030. The surcharge will enable Orion to maintain its reliability and sustainability in product manufacturing while addressing the additional costs imposed by the emissions trading system.
Orion Engineered Carbons (NYSE: OEC) announced participation in the Credit Suisse 34th Annual Virtual Basic Materials Conference on September 13, 2021. CEO Corning Painter and CFO Lorin Crenshaw will engage in one-on-one meetings, with Painter also hosting a fireside chat at 9:30 a.m. EDT. Interested parties can access the live webcast and replay through the company’s investor relations website.
Orion specializes in high-performance carbon black products, providing innovative solutions for various applications globally.
Orion Engineered Carbons (NYSE: OEC) has commenced construction on its second carbon black manufacturing facility in China, aimed to meet rising demand in the Asia-Pacific region. Set to be operational by late 2023, the plant in Huaibei, Anhui will produce 65-70 kilotons of specialty carbon black annually. This expansion complements Orion's existing facility in Qingdao and enhances its competitive position in the global market. Additionally, the plant will utilize waste heat for steam generation, demonstrating the company's commitment to sustainability.
Orion Engineered Carbons (NYSE: OEC) announced participation in one-on-one meetings at the UBS Chemicals Virtual Conference on September 8, 2021. CEO Corning Painter and CFO Lorin Crenshaw will represent the company. Orion specializes in high-performance carbon black products used in various industries, including automotive, industrial, and consumer goods.
With over 125 years of history, Orion operates 14 global production sites and emphasizes responsible business practices focused on innovation and sustainability. More information can be found at orioncarbons.com.
Orion Engineered Carbons (NYSE: OEC) announced a price increase of 8 cents per pound for all carbon black products produced in North America, effective September 15, 2021. This decision is attributed to rising operating costs due to recently installed emissions control systems and the need for capital investments. Adjustments will also affect service charges and payment terms to reflect increased logistics costs. Orion aims to enhance safety and sustainability in its production processes while maintaining its commitment as a reliable supplier of high-quality carbon black products.
Orion Engineered Carbons (NYSE: OEC) reported strong financial results for Q2 2021, achieving net sales of $401.0 million, up $198.4 million year over year. Net income soared to $89.1 million, a remarkable turnaround from a loss of $17.8 million in Q2 2020. Adjusted EBITDA reached $78.8 million, marking a fourfold increase compared to the previous year. The company also settled a long-standing dispute with Evonik, receiving $79.5 million. With an optimistic outlook, adjusted EBITDA guidance has been raised to $265 million to $285 million for the year, despite expected seasonal impacts.
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