Orion Engineered Carbons S.A., together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and various conductive carbon black grades for polymers, coatings, and battery electrodes. It also provides rubber carbon black products for applications in mechanical rubber goods under the PUREX brand, as well as in tires under the ECORAX brand name. The company was formerly known as Orion Engineered Carbons S.Ã r.l. and changed its name to Orion Engineered Carbons S.A. in July 2014. Orion Engineered Carbons S.A. was founded in 1862 and is headquartered in Senningerberg, Luxembourg.
IPO Year: 2014
Exchange: NYSE
Website: orioncarbons.com
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 |
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
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
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
Orion S.A. (NYSE:OEC), a global specialty chemicals manufacturer, announced today that Natalia Scherbakoff has been appointed the company's new chief technology officer. She will succeed David Deters, who for nearly a decade led a global innovation program that made Orion a leader in developing sustainable materials, battery additives and other technology in the carbon black industry. Deters announced his retirement earlier this year and will remain with Orion through the end of 2024 to ensure a seamless transition. Scherbakoff joins Orion from Trinseo, a specialty materials company, where she served as the vice president of Technology & Innovation, overseeing global research, development
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
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
Orion S.A. (NYSE:OEC), a global specialty chemicals company, today announced participation next week at the Jefferies Industrials Conference on Sept. 4, and at the UBS Global Materials Conference on Sept. 5 in New York. Attending the investor events will be CEO Corning Painter, Chief Financial Officer Jeff Glajch and Vice President of Investor Relations Chris Kapsch. Fireside chat conversations with Corning Painter are scheduled for 10:25 am to 10:55 am ET during the Jefferies conference, and from 1:50 pm to 2:30 pm ET during the UBS conference. Webcasts for both discussions will be accessible through the Events and Presentations page within the Investors section of Orion's website at https
Orion S.A. (NYSE:OEC), a global specialty chemicals company, today announced participation next week at the Mizuho Industrials & Chemicals Conference 2024, on Aug. 14 in New York. Attending the investor event will be CEO Corning Painter, Chief Financial Officer Jeff Glajch and Vice President of Investor Relations Chris Kapsch. About Orion S.A. Orion S.A. (NYSE:OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers' exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, high-performance applications. Carbon black is used to tint, colorize, provide reinforcement
Orion S.A. (NYSE:OEC), a specialty chemical company, today announced financial results for period ended June 30, 2024 as follows: Second Quarter 2024 Highlights Net sales of $477.0 million, up $18.2 million, year over year Net income of $20.5 million, down $9.6 million, year over year Diluted EPS of $0.35, down $0.16, year over year Adjusted EBITDA1 of $75.1 million, down 14%, year over year Adjusted Diluted EPS1 of $0.41, down $0.12, year over year Six Months 2024 Highlights Net sales of $979.9 million, up $20.4 million, year over year Net income of $47.2 million, down $25.2 million, year over year Diluted EPS of $0.80, down $0.40, year over year Adjusted EB
Orion S.A. (NYSE:OEC), a specialty chemical company, today announced that the company will release its second quarter 2024 results after the market closes on Thursday, August 1, 2024, to be followed by a conference call on Friday, August 2, 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, August 16, 2024: U.S. Toll Free: 1-844-512-2921 International: 1-412-317-6671 Conference ID: 13747301 Additionally, a live and archived webcast of t
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
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
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
Orion S.A. (NYSE:OEC), a specialty chemical company, today announced financial results for period ended June 30, 2024 as follows: Second Quarter 2024 Highlights Net sales of $477.0 million, up $18.2 million, year over year Net income of $20.5 million, down $9.6 million, year over year Diluted EPS of $0.35, down $0.16, year over year Adjusted EBITDA1 of $75.1 million, down 14%, year over year Adjusted Diluted EPS1 of $0.41, down $0.12, year over year Six Months 2024 Highlights Net sales of $979.9 million, up $20.4 million, year over year Net income of $47.2 million, down $25.2 million, year over year Diluted EPS of $0.80, down $0.40, year over year Adjusted EB
Orion S.A. (NYSE:OEC), a specialty chemical company, today announced that the company will release its second quarter 2024 results after the market closes on Thursday, August 1, 2024, to be followed by a conference call on Friday, August 2, 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, August 16, 2024: U.S. Toll Free: 1-844-512-2921 International: 1-412-317-6671 Conference ID: 13747301 Additionally, a live and archived webcast of t
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 2024 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 October 9, 2024, to holders of record as of the close of business on July 1, 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 of
Orion S.A. (NYSE:OEC), a specialty chemical company, today announced financial results for period ended March 31, 2024 as follows: Three Months 2024 Highlights Net sales of $502.9 million, up $2.2 million, year over year Net income of $26.7 million, down $15.6 million, year over year Diluted EPS of $0.45, down $0.25, year over year Adjusted EBITDA1 of $85.3 million, down 16%, year over year Adjusted Diluted EPS1 of $0.52, down $0.22, year over year 1 The reconciliations of Non-U.S. GAAP ("GAAP") measures to the respective most comparable GAAP measures are provided in the section titled Reconciliation of Non-GAAP Financial Measures below. "Congratulations to the
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 third quarter of 2024 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 2, 2024, to holders of record as of the close of business on June 11, 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 of car
Orion S.A. (NYSE:OEC), a specialty chemical company, today announced that the company will release its first quarter 2024 results after the market closes on Thursday, May 2, 2024, to be followed by a conference call on Friday, May 3, 2024, 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 Thursday, May 16, 2024: U.S. Toll Free: 1-844-512-2921 International: 1-412-317-6671 Conference ID: 13745882 Additionally, a live and archived web
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 second quarter of 2024 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 4, 2024, to holders of record as of the close of business on March 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 of
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JP Morgan upgraded Orion Engineered Carbons from Neutral to Overweight and set a new price target of $21.00 from $20.00 previously
Mizuho initiated coverage of Orion Engineered Carbons with a rating of Neutral and set a new price target of $25.00
JP Morgan downgraded Orion Engineered Carbons from Overweight to Neutral and set a new price target of $26.00
Credit Suisse initiated coverage of Orion Engineered Carbons with a rating of Outperform and set a new price target of $31.00
UBS reiterated coverage of Orion Engineered Carbons with a rating of Buy and set a new price target of $24.00 from $26.00 previously
Barclays reiterated coverage of Orion Engineered Carbons with a rating of Underweight and set a new price target of $16.00 from $17.00 previously
JP Morgan upgraded Orion Engineered Carbons from Neutral to Overweight and set a new price target of $23.00
Carbon Black Manufacturer Recognized with 12 Awards for Outstanding Safety in 2020 Orion Engineered Carbons (NYSE:OEC), a global supplier of specialty and high-performance carbon black, today announced it was recently honored for its commitment to safety by the International Carbon Black Association (ICBA). Of the 50 awards granted by the ICBA, Orion received 12 awards in recognition of the company's stellar safety record at its sites during calendar year 2020. "Maintaining safe and sustainable business practices is one of our core values as a company," said Corning Painter, chief executive officer, Orion Engineered Carbons. "We are honored to be recognized for our commitment to safety, a
HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of specialty and high-performance carbon black, today announced that it published its annual sustainability report, highlighting the company’s results against its targets and the core elements of its strategy to drive sustainability across the full spectrum of the carbon black value chain. “As a responsible member of the global community, we embrace sustainability as an integral part of our long-term strategy,” said Corning Painter, Orion’s Chief Executive Officer. “We have started to create a sustainability culture across our entire value chain and we will focus on improving our business pr
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Although U.S. stocks closed mostly higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Occidental Petroleum The Trade: Occidental Petroleum Corporation (NYSE:OXY) 10% owner Warren E Buffett acquired a
Mizuho analyst John Roberts maintains Orion (NYSE:OEC) with a Neutral and raises the price target from $25 to $26.
Orion Engineered Carbons (NYSE:OEC) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.48 by 8.33 percent. This is a 29.73 percent decrease over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $502.900 million which missed the analyst consensus estimate of $506.426 million by 0.70 percent. This is a 0.44 percent increase over sales of $500.700 million the same period last year.
Mizuho analyst John Roberts initiates coverage on Orion (NYSE:OEC) with a Neutral rating and announces Price Target of $25.
For full year 2024, the company sees an Adjusted EBITDA range of $340 million to $360 million, up 5 percent at the midpoint, compared with 2023.
Orion (NYSE:OEC) reported its Q4 earnings results on Wednesday, February 14, 2024 at 04:35 PM. Here's what investors need to know about the announcement. Earnings Orion missed estimated earnings by 48.48%, reporting an EPS of $0.17 versus an estimate of $0.33. Revenue was up $6.10 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.03 which was followed by a 3.4% increase in the share price the next day. Here's a look at Orion's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.46 0.52 0.53 0.17 EPS Actual 0.49 0.53 0.74 0.26 Revenue Estimate 502.84M 504.71M 515.48M 441.88M Revenue Actual 466.20M 458
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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Orion Engineered Carbons (NYSE:OEC) is set to give its latest quarterly earnings report on Wednesday, 2024-02-14. Here's what investors need to know before the announcement. Analysts estimate that Orion Engineered Carbons will report an earnings per share (EPS) of $0.33. Orion Engineered Carbons bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.03, which was f