Welcome to our dedicated page for Orion Engineered Carbons S.A. news (Ticker: OEC), a resource for investors and traders seeking the latest updates and insights on Orion Engineered Carbons S.A. stock.
Orion S.A. (NYSE: OEC) is a global specialty chemicals company and supplier of carbon black, a solid form of carbon produced as powder or pellets. The company’s carbon black is made to customers’ specifications for use in tires, coatings, ink, batteries, plastics and other specialty, high-performance applications. On this news page, readers can follow how these activities translate into financial results, corporate actions and strategic decisions over time.
News about Orion frequently includes quarterly earnings releases furnished on Form 8-K, where the company reports net sales, net income or loss, segment volumes and profitability, as well as non-GAAP measures such as Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS and Free Cash Flow. These updates often discuss demand trends in tire and industrial markets, the impact of oil prices on revenue and margins, product and regional mix, and timing effects from the pass-through of raw material costs.
Investors can also track capital allocation and financing developments, such as interim dividend declarations and amendments to Orion’s credit agreement that adjust revolving credit commitments and leverage covenants. Governance and leadership items appear as well, including annual general meeting voting results, director elections, auditor appointments, share repurchase authorizations and executive transitions like the planned retirement and subsequent replacement of the Chief Financial Officer.
In addition, Orion issues updates on operational and strategic initiatives, for example decisions to discontinue certain carbon black production lines in the Americas and EMEA to focus on higher-performing assets and enhance free cash flow. Together, these news items provide a detailed view of how Orion manages its global carbon black business, responds to market conditions and communicates with shareholders. Bookmark this page to review Orion’s latest press releases, financial announcements and corporate disclosures related to OEC.
Orion Engineered Carbons S.A. (NYSE: OEC) has upgraded its Borger, Texas facility to operate independently from the electrical grid, additionally supplying power back to the grid. This upgrade allows the plant to meet its own energy demands while generating enough electricity to power over 4,000 local homes. CEO Corning Painter stated that this cogeneration initiative significantly reduces energy consumption and aligns with the company's sustainability objectives, enhancing plant reliability.
Orion Engineered Carbons S.A. (NYSE: OEC) will release its third quarter 2020 results post-market on November 5, 2020. A conference call is scheduled for November 6, 2020, at 8:30 a.m. EST. The call can be accessed via various toll-free numbers across the U.S., U.K., Germany, and Luxembourg. An archived webcast will also be available on the company's website.
Orion is a global supplier of carbon black, operating 14 production sites and employing approximately 1,425 staff.