Welcome to our dedicated news page for Orion S.A. (Ticker: OEC), a resource for investors and traders seeking the latest updates and insights on Orion S.A..
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Orion S.A. (NYSE: OEC) achieves ISCC PLUS certification for its fourth plant in Cologne, Germany, solidifying its position as a leader in certified carbon black production. The company's commitment to sustainability and innovation is evident through its certification for producing circular and bio-circular raw materials, as well as its involvement in the EU-funded BlackCycle initiative. Orion's CEO, Corning Painter, emphasizes the company's dedication to sustainable products and the transparency of its value chain.
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-1.01%
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Orion S.A. (NYSE: OEC) reported their financial results for the nine months and third quarter of 2023. Net sales for the nine months were $1,425.7 million, down $143.1 million from the previous year. Net income was $98.6 million, up $4.6 million from the previous year. Diluted EPS was $1.65, up $0.12 from the previous year. In the third quarter, net sales were $466.2 million, down $76.9 million from the previous year, and net income was $26.2 million, down $5.6 million from the previous year.
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3.4%
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Orion S.A. announces the launch of PRINTEX® kappa 10, a high-quality conductive additive for lithium-ion batteries. The product enhances energy transfer and power response, meeting the growing demand for electric vehicles and energy storage systems.
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0.9%
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Orion S.A. to release Q3 2023 results and hold conference call on November 2nd and 3rd, 2023
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2.81%
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Orion S.A. renews its senior secured revolving credit facility, reducing it to EUR 300 million from EUR 350 million. The credit facility has a five-year term and was oversubscribed by 20 percent. The company aims to reduce net debt and improve net debt to EBITDA ratio. They added new sustainability goals that could reduce the interest rate by 0.05 percent if achieved.
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Orion S.A. opens Battery Innovation Center in Germany to serve the growing lithium-ion battery industry. The center will accelerate product and process development. Orion also establishes a specialized organization for its battery business. Dr. Adrian Steinmetz joins as global vice president for conductive additives. Orion is building a plant in the US to quadruple manufacturing capacity.
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Orion S.A. declares interim dividend of $0.0207 per share, equivalent to approximately $1.25 million based on current shares outstanding.
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Orion S.A. is investing €12.8 million to develop a climate-neutral process for producing carbon black from alternative carbon sources. The funding includes €6.4 million from the German government and the European Union. This initiative aims to improve yield and throughput, potentially reducing the carbon footprint and cost of the material. The project could have significant ramifications for energy integration and tire recycling.
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Orion S.A. executives to participate in investor conferences
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Orion S.A.
NYSE:OEC
OEC Rankings
OEC Stock Data
1.38B
55.95M
2.18%
95.61%
1.46%
Other Basic Inorganic Chemical Manufacturing
Manufacturing
United States of America
SPRING
About OEC
orion engineered carbons is one of the world’s leading suppliers of carbon black. with more than 100 years of industry experience, we offer standard and high-performance products for coatings, printing inks, polymers, rubber and other applications. our high-quality gas blacks, furnace blacks and specialty carbon blacks tint, colorize and enhance the performance of plastics, paints and coatings, inks and toners, adhesives and sealants, tires, and manufactured rubber goods such as automotive belts and hoses. with 1.460 employees worldwide, orion engineered carbons runs 14 global production sites and four applied technology centers, focusing on quality supply and collaborative partnerships with customers. orion engineered carbons s.a. shares began trading on the nyse on july 24, 2014, under the ticker symbol “oec.”