Orion Engineered Carbons Q4 2023 Adj EPS $0.17 Misses $0.34 Estimate, Sales $468.20M Beat $421.69M Estimate

2/14/24 4:43:02 PM ET

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Orion Engineered Carbons (NYSE:OEC) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.34 by 50 percent. The company reported quarterly sales of $468.20 million which beat the analyst consensus estimate of $421.69 million by 11.03 percent. This is a 1.32 percent increase over sales of $462.10 million the same period last year.

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Recent Analyst Ratings for
$OEC

Date	Price Target	Rating	Analyst
11/11/2024	$20.00 → $21.00	Neutral → Overweight	JP Morgan
3/27/2024	$25.00	Neutral	Mizuho
4/14/2023	$26.00	Overweight → Neutral	JP Morgan
3/13/2023	$31.00	Outperform	Credit Suisse
1/4/2022	$26.00 → $24.00	Buy	UBS
8/9/2021	$17.00 → $16.00	Underweight	Barclays

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Orion S.A. to Participate in Baird's Global Industrial Conference
Orion S.A. (NYSE:OEC), a global specialty chemicals company, today announced participation next week at the Baird Global Industrial Conference on Nov. 14 in Chicago. Attending the investor events will be CEO Corning Painter, Chief Financial Officer Jeff Glajch and Vice President of Investor Relations Chris Kapsch. A presentation by Painter is also scheduled for 10:50 a.m. to 11:20 a.m. Central Standard Time during the conference. The presentation will be accessible through the "Events and Presentations" page within the Investors section of Orion's website: https://investor.orioncarbons.com/events-and-presentations/events-calendar/default.aspx About Orion S.A. Orion S.A. (NYSE:OEC) is a
11/11/24 4:15:00 PM ET
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Orion S.A. Reports Third Quarter 2024 Financial Results
Orion S.A. (NYSE:OEC), a specialty chemical company, today announced financial results for period ended September 30, 2024 as follows: Third Quarter 2024 Highlights Net sales of $463.4 million, down $2.8 million year over year Net loss of $20.2 million, which includes a $42.5 million impact from the loss due to misappropriation of assets, net of income tax benefit, down $46.4 million year over year Diluted Loss per share of ($0.35), which includes impact due to misappropriation of assets of ($0.72), down $0.79 year over year Adjusted EBITDA1 of $80.1 million, up 4% year over year Adjusted Diluted EPS1 of $0.47, down $0.02 year over year Nine Months 2024 Highlights Net sales o
11/7/24 4:30:00 PM ET
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Orion S.A. to Increase Prices for Certain Specialty Carbon Black Grades
Orion S.A. (NYSE:OEC), a global specialty chemicals company, today announced it is raising prices for all Specialty carbon black grades produced in Europe as well as for NEROX® made in South Korea. The increase will be communicated individually to customers and will vary depending on the product, manufacturing process and location. "The price adjustments will ensure that Orion continues to supply the differentiated, high quality Specialty products that customers want during this period of rising feedstock and operations costs," Orion CEO Corning Painter said. "Additionally, it will enable the development of new products and solutions to support our global customers." The new pricing will
11/4/24 4:15:00 PM ET
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Orion S.A. Reports Third Quarter 2024 Financial Results
Orion S.A. (NYSE:OEC), a specialty chemical company, today announced financial results for period ended September 30, 2024 as follows: Third Quarter 2024 Highlights Net sales of $463.4 million, down $2.8 million year over year Net loss of $20.2 million, which includes a $42.5 million impact from the loss due to misappropriation of assets, net of income tax benefit, down $46.4 million year over year Diluted Loss per share of ($0.35), which includes impact due to misappropriation of assets of ($0.72), down $0.79 year over year Adjusted EBITDA1 of $80.1 million, up 4% year over year Adjusted Diluted EPS1 of $0.47, down $0.02 year over year Nine Months 2024 Highlights Net sales o
11/7/24 4:30:00 PM ET
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Orion S.A. Announces Third Quarter 2024 Earnings Release Date and Conference Call Information
Orion S.A. (NYSE:OEC), a specialty chemical company, today announced that the company will release its third quarter 2024 results after the market closes on Thursday, November 7, 2024, to be followed by a conference call on Friday, August 8, 2024, at 8:30 a.m. (ET). 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 conference call replay may be accessed at the following numbers through Friday, November 22, 2024: U.S. Toll Free: 1-844-512-2921 International: 1-412-317-6671 Conference ID: 13748613 Additionally, a live and archived webcast of the co
10/15/24 4:30:00 PM ET
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Orion S.A. Declares Interim Quarterly Dividend
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 first quarter of 2025 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 January 21, 2025, to holders of record as of the close of business on December 13, 2024. Luxembourg withholding tax at a rate of 15% will be deducted from each interim dividend, subject to exemptions and reductions in certain circumstances. About Orion S.A. Orion S.A. (NYSE:OEC) is a leading global supplier o
9/19/24 4:30:00 PM ET
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Orion Engineered Carbons Q4 2023 Adj EPS $0.17 Misses $0.34 Estimate, Sales $468.20M Beat $421.69M Estimate

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Recent Analyst Ratings for $OEC

$OEC Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Orion S.A.

SEC Form SC 13G filed by Orion S.A.

SEC Form SC 13G filed by Orion S.A.

$OEC SEC Filings

SEC Form 10-Q filed by Orion S.A.

Orion S.A. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form SCHEDULE 13G filed by Orion S.A.

$OEC Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Executive Officer Painter Corning F. bought $176,900 worth of shares (10,000 units at $17.69), increasing direct ownership by 1% to 958,776 units (SEC Form 4)

Director Smith Dan F bought $46,325 worth of shares (2,500 units at $18.53), increasing direct ownership by 3% to 78,772 units (SEC Form 4)

Chief Executive Officer Painter Corning F. bought $349,671 worth of shares (20,000 units at $17.48), increasing direct ownership by 2% to 948,776 units (SEC Form 4)

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Mizuho Maintains Neutral on Orion, Raises Price Target to $26

Orion S.A. Reiterates 2024 Adj. EBITDA Guidance Range $340M-$360M, Adj. EPS Range $2.05-$2.20 vs $2.16 Est.

Orion Engineered Carbons upgraded by JP Morgan with a new price target

Mizuho initiated coverage on Orion Engineered Carbons with a new price target

Orion Engineered Carbons downgraded by JP Morgan with a new price target

Orion S.A. to Participate in Baird's Global Industrial Conference

Orion S.A. Reports Third Quarter 2024 Financial Results

Orion S.A. to Increase Prices for Certain Specialty Carbon Black Grades

Orion Engineered Carbons Announces Award Recognitions

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$OEC Financials

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Orion S.A. Reports Third Quarter 2024 Financial Results

Orion S.A. Announces Third Quarter 2024 Earnings Release Date and Conference Call Information

Orion S.A. Declares Interim Quarterly Dividend

$OEC Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Chief Executive Officer Painter Corning F. bought $176,900 worth of shares (10,000 units at $17.69), increasing direct ownership by 1% to 958,776 units (SEC Form 4)

Director Smith Dan F bought $46,325 worth of shares (2,500 units at $18.53), increasing direct ownership by 3% to 78,772 units (SEC Form 4)

Chief Executive Officer Painter Corning F. bought $349,671 worth of shares (20,000 units at $17.48), increasing direct ownership by 2% to 948,776 units (SEC Form 4)

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