News & Videos - ORION S.A.

Orion S.A. (NYSE: OEC), a specialty chemical company, today announced that members of its executive management team will attend the Wells Fargo Industrials Conference in Chicago on Thursday, June 15, 2023. Orion’s executives will be available to participate in one-on-one meetings with investors registered to attend the conference. As part of these meetings, the team will be updating current market conditions that may impact its second quarter 2023 volume expectations: for example, current...

Orion S.A . (NYSE: OEC), a specialty chemical company, today announced that its board of directors has declared an interim dividend to be paid in the fourth quarter of 2023 of $0.0207 per common share of the company, which is equivalent to the aggregate amount of approximately $1.25 million based on the number of common shares currently outstanding. The interim dividend will be paid on Oct. 5, 2023, to holders of record as of the close of business on Sept. 15, 2023. Luxembourg withholding tax at...

Orion Engineered Carbons (NYSE: OEC), a specialty chemicals company, announced today that Chief Executive Officer Corning Painter and Chief Financial Officer Jeff Glajch will participate in one-on-one meetings at the KeyBank 21st Annual Industrial & Basic Materials Conference at the Intercontinental Hotel in Boston on June 1, 2023. About Orion Engineered Carbons Orion Engineered Carbons (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or...

Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, today announced that its Board of Directors has approved a new share repurchase program with authorization to management to purchase up to approximately 6.9 million of its outstanding common stock. This new program allows for shares to be repurchased at any time through June 2027. Combined with the soon-to-be-completed previous share repurchase authorization to management, the company has the potential to purchase up to...

Orion Engineered Carbons (NYSE: OEC), a specialty chemical company, today announced financial results for the first quarter of 2023. First Quarter 2023 Financial Highlights Net sales of $500.7 million, up $16.2 million, year over year Net income of $42.3 million, up $9.8 million, year over year Diluted EPS of $0.70, up $0.17, year over year Record Adjusted EBITDA 1 of $101 million, up 22%, year over year Record Adjusted Diluted EPS 1 of $0.74, up $0.17, year over year Record rubber Gross profit...

Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals producer, announced today the company has achieved its 2022 emissions targets in the U.S. and will receive a 10 basis point rate reduction in interest payments on its sustainability-linked term loan, saving approximately $650,000. When Orion agreed to the seven-year $650-million term loan in 2021, the company was one of the first to link the loan to environmental goals. Starting this year, a third-party firm audited the air...

Orion Engineered Carbons S.A. (NYSE: OEC), a specialty chemical company, today announced that its board of directors has declared an interim dividend to be paid in the third quarter of 2023 of $0.0207 per common share of the company, which is equivalent to the aggregate amount of approximately $1.25 million based on the number of common shares currently outstanding. The interim dividend will be paid on July 6, 2023, to holders of record as of the close of business on May 17, 2023. Luxembourg...

Orion Engineered Carbons (NYSE: OEC), a specialty chemicals company, announced today that cogeneration technology that produces renewable energy has been installed at its Ivanhoe plant in the southern U.S. state of Louisiana, making the facility more efficient, reliable and sustainable. The cogeneration system, which includes a steam turbine generator, uses the waste steam from the carbon black plant’s production process and converts it to electricity. The energy can be used to power the...

Orion Engineered Carbons (NYSE: OEC), a specialty chemical company, today announced that the company will release its first quarter 2023 results after the market closes on Thursday, May 4, 2023, to be followed by a conference call on Friday, May 5, 2023, at 8:30 a.m. (EDT). The dial-in details for the live conference call are as follow: U.S. Toll Free: 1-877-407-4018 International: 1-201-689-8471 A replay of the conference call may be accessed by phone at the following numbers through May 12,...

Orion Engineered Carbons (NYSE:OEC), a leading global supplier of specialty and high-performance carbon black, today announced that it will hold its 2023 annual general meeting of shareholders on Wednesday, June 7, 2023, at 2:00 pm Central European Time at the company’s office, located at 6, Route de Trèves, L-2633 Senningerberg (Municipality of Niederanven), Grand Duchy of Luxembourg. The company also set its record date for the admission of the company’s shareholders to its annual general...

Orion Engineered Carbons S.A. (NYSE: OEC), a specialty chemical company, today announced that its board of directors has declared an interim dividend to be paid in the second quarter of 2023 of $0.0207 per common share of the company, which is equivalent to the aggregate amount of approximately $1.25 million based on the number of common shares currently outstanding. The interim dividend will be paid on April 5, 2023, to holders of record as of the close of business on March 21, 2023. Luxembourg...

Orion Engineered Carbons (NYSE: OEC), a specialty chemical company, today announced financial results for the full year and fourth quarter of 2022. Full Year 2022 Highlights Net sales of $2,030.9 million, up $484.1 million, year over year Net income of $106.2 million, down $28.5 million, year over year. Prior year included the Evonik cash settlement of $79.5 million Diluted EPS of $1.73, down $0.48, year over year. Prior year included the Evonik cash settlement of $1.30 per share Adjusted...

Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, announced today it has received a Gold medal rating from EcoVadis, an independent organization that assesses the performance of companies in a wide range of sustainability areas. Orion improved its score from the previous year, moving up from 72 to 77 points – just one point away from receiving a Platinum medal rating. The company is now in the 99 th percentile of companies assessed by EcoVadis. “The way Orion was...

Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, said today it will sharply reduce air emissions at its Borger, Texas, plant with new control technology. The $60 million project also involved upgrading the site’s cogeneration system, which takes heat created by the carbon black production process and converts it to electricity that can be used by the plant. The electricity is also sold back to the power grid. Such energy conservation equipment is used by many Orion...

Orion Engineered Carbons (NYSE: OEC), a specialty chemical company, today announced that the company will release its full year and fourth quarter 2022 results after the market closes on Thursday, February 16, 2023, to be followed by a conference call on Friday, February 17, 2023, at 8:30 a.m. (EST). The dial-in details for the live conference call are as follow: U.S. Toll Free: 1-877-407-4018 International: 1-201-689-8471 A replay of the conference call may be accessed by phone at the following...

Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, announced today it was upgraded to a “B” score by the nonprofit organization CDP, recognizing Orion has addressed the environmental impact of its businesses and ensures good environmental management. The London-based CDP, formerly known as the “Carbon Disclosure Project,” operates a global system that enables companies to report their environmental impact. CDP assesses the information with its own methodology and...

Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, today announced that its Board of Directors has approved a share repurchase program with authorization to purchase up to $50 million of its outstanding common stock. “We are committed to strategically deploying capital to drive long-term value for stockholders. We believe that the current macroeconomic environment presents an attractive buying opportunity for our stock. This plan is a reflection of the confidence we...

Orion Engineered Carbons (NYSE: OEC), a specialty chemical company, today announced financial results for the third quarter of 2022. Third Quarter 2022 Financial Highlights Net sales of $543.1 million, up $150.1 million, year over year Net income of $31.8 million, up $10.8 million, year over year Diluted earnings per share (“EPS”) of $0.52, up $0.17, year over year Adjusted Diluted EPS 1 of $0.57, up $0.12, year over year Adjusted EBITDA 1 of $80.5 million, up $14.1 million, year over year 1...

Orion Engineered Carbons (NYSE: OEC), a specialty chemicals company, said today it has reached a major sustainability milestone, becoming the first to achieve International Sustainability and Carbon Certifications (ISCC Plus) for multiple carbon black grades made from different feedstocks at plants in two regions of the world. The ISCC PLUS certification involved rigorous audits of Orion’s plants and processes that confirmed the company’s compliance with high sustainability requirements. It...

Orion Engineered Carbons (NYSE: OEC), a specialty chemical company, today announced that the company will release its third quarter 2022 results after the market closes on Thursday, November 3, 2022, to be followed by a conference call on Friday, November 4, 2022, at 8:30 a.m. (EDT). The dial-in details for the live conference call are as follow: U.S. Toll Free: 1-877-407-4018 International: 1-201-689-8471 A replay of the conference call may be accessed by phone at the following numbers through...