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Orion Engineered Carbons S.A. (OEC) delivers essential carbon black products for industrial applications worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments, technical innovations, and market positioning.
Access consolidated OEC press releases covering quarterly earnings, product launches, and sustainability initiatives. Stay informed about advancements in rubber reinforcement technologies and specialty carbon black applications across coatings, polymers, and tire manufacturing sectors.
The repository includes verified updates on strategic partnerships, manufacturing expansions, and quality certifications. Content is curated to support informed analysis of OEC's role in the global materials science landscape while adhering to financial disclosure standards.
Bookmark this page for direct access to OEC's official communications. Combine historical context with real-time updates to track the company's progress in specialty chemicals and industrial solutions.
Orion S.A. (NYSE: OEC), a specialty chemical company, has announced the release date for its second quarter 2024 earnings. The results will be disclosed after the market closes on Thursday, August 1, 2024, followed by a conference call on Friday, August 2, 2024, at 8:30 a.m. (ET). Investors can access the live conference call using the provided dial-in numbers for U.S. Toll Free and International lines. A replay of the call will be available until August 16, 2024. Additionally, a live and archived webcast of the conference call will be accessible through the investor relations section of Orion's website at orioncarbons.com.
Orion S.A. (NYSE: OEC), a specialty chemical company, has announced an interim quarterly dividend of $0.0207 per common share, totaling approximately $1.25 million based on the current number of outstanding shares. The dividend will be paid on October 9, 2024, to shareholders of record as of July 1, 2024. A Luxembourg withholding tax of 15% will be deducted, with potential exemptions and reductions applicable in certain situations.
Orion S.A. (NYSE: OEC), a global specialty chemicals company, announced an investment in Alpha Carbone, a French tire recycling company. This partnership aims to scale up the production of tire pyrolysis oil and recovered carbon black. A long-term supply agreement will make Orion the exclusive customer for Alpha Carbone's tire pyrolysis oil, which will be used to manufacture circular carbon black for tire and rubber goods. The plant in Dole, France, is expected to start operations in late 2025. This initiative supports Orion's goal of advancing sustainable solutions and contributing to a circular economy.
Orion S.A. reported financial results for the first quarter of 2024 with net sales of $502.9 million, up $2.2 million year over year, and net income of $26.7 million, down $15.6 million. Diluted EPS was $0.45, down $0.25 year over year. Adjusted EBITDA was $85.3 million, down 16% year over year. Despite the decrease in income and EPS compared to the previous year, the company's CEO highlighted positive indicators such as increased gross profit margins and strong volumes in key markets. Orion expects growth in 2024 with progress towards financial goals.
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