Welcome to our dedicated page for Orion news (Ticker: OEC), a resource for investors and traders seeking the latest updates and insights on Orion 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 S.A. (NYSE: OEC), a global specialty chemicals manufacturer, has appointed Natalia Scherbakoff as its new chief technology officer. She succeeds David Deters, who is retiring after leading Orion's global innovation program for nearly a decade. Scherbakoff joins from Trinseo, where she was vice president of Technology & Innovation, focusing on sustainability and circular solutions.
Scherbakoff brings extensive global experience in product development and commercialization. She will be based at Orion's main innovation hub in Cologne, Germany, overseeing technical centers in China, South Korea, and the U.S. Her role includes leveraging the new Battery Innovation Center in Cologne and overseeing a €12.8 million investment in developing climate-neutral carbon black production from alternative carbon sources.
Orion S.A. (NYSE: OEC), a specialty chemical company, has announced the release date for its third quarter 2024 financial results. The company will disclose its earnings after the market closes on Thursday, November 7, 2024. This will be followed by a conference call on Friday, August 8, 2024, at 8:30 a.m. (ET).
Investors and interested parties can join the live conference call using the following dial-in details:
- U.S. Toll Free: 1-877-407-4018
- International: 1-201-689-8471
- U.S. Toll Free: 1-844-512-2921
- International: 1-412-317-6671
- Conference ID: 13748613
Orion S.A. (NYSE: OEC), a specialty chemical company, has announced an interim quarterly dividend for the first quarter of 2025. The Board of Directors has declared a 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 January 21, 2025, to shareholders of record as of December 13, 2024. It's important to note that a 15% Luxembourg withholding tax will be applied to each interim dividend, although exemptions and reductions may apply in certain circumstances.
Orion S.A. (NYSE: OEC), a global specialty chemicals company, has announced its participation in two upcoming investor conferences in New York. CEO Corning Painter, CFO Jeff Glajch, and VP of Investor Relations Chris Kapsch will attend both events.
The company will participate in:
- The Jefferies Industrials Conference on Sept. 4, with a fireside chat from 10:25 am to 10:55 am ET
- The UBS Global Materials Conference on Sept. 5, with a fireside chat from 1:50 pm to 2:30 pm ET
Both discussions will be webcast and accessible through Orion's website. Replays will be available for 30 days following the events.
Orion S.A. (NYSE: OEC), a global specialty chemicals company, has announced its participation in the upcoming Mizuho Industrials & Chemicals Conference 2024. The event is scheduled for August 14 in New York. Representing Orion at this investor conference will be:
- CEO Corning Painter
- Chief Financial Officer Jeff Glajch
- Vice President of Investor Relations Chris Kapsch
This participation highlights Orion's commitment to engaging with investors and industry professionals, potentially discussing the company's performance, strategies, and outlook in the specialty chemicals sector.
Orion S.A. (NYSE: OEC) reported its Q2 2024 financial results. Net sales increased 4% to $477 million, while net income decreased 31.9% to $20.5 million. Diluted EPS fell 31.4% to $0.35, and Adjusted EBITDA declined 14% to $75.1 million. The company faced challenges including softer Rubber segment demand and mixed global macro trends. However, the Specialty segment showed encouraging signs with strong double-digit volume growth.
For the first half of 2024, net sales rose 2.1% to $979.9 million, while net income decreased 34.8% to $47.2 million. The company revised its 2024 guidance, projecting Adjusted EBITDA between $315-330 million and Adjusted Diluted EPS of $1.75-$1.95. Orion plans to resume opportunistic stock buybacks in Q3 2024, citing confidence in industry fundamentals and medium-term earnings trajectory.
Orion S.A. (NYSE: OEC) has released its 2023 Sustainability Report, highlighting innovative projects and achievements in environmental and social responsibility. A key feature is the water-recycling project in drought-stricken South Africa, where Orion built a system to recycle treated effluent water for its carbon black production, saving potable water for the community.
Other highlights include:
- Achieving an EcoVadis Platinum Medal, placing Orion in the 99th percentile of evaluated companies
- Opening a Battery Innovation Center for developing new products for lithium-ion batteries
- Investing €12.8 million in developing climate-neutral carbon black production
- Leading the industry in ISCC PLUS certification for production sites
- Reaching the goal of 80% of employees receiving 40+ training hours
CEO Corning Painter emphasized Orion's commitment to innovation and sustainability, stating, "Making sustainable products is not only the right thing to do, it is also what customers want."
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.