OEC
Orion S.A.5.19
-0.07-1.33%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
291.42MP/E (TTM)
-Basic EPS (TTM)
-0.57Dividend Yield
0.02%Recent Filings
10-Q
Q3 FY2025 results
Orion's Q3 sales dipped 2.7% y/y to $450.9M, yet volume rose 5.5% to 237.5 kmt, driven by higher Rubber Carbon Black shipments amid lower oil prices and mix shifts. Gross profit fell 20.4% y/y to $85.6M as raw material pass-through lagged, but a $7.3M recovery from last year's asset misappropriation cushioned the blow. Operating loss widened to $53.7M from $15.3M, fueled by an $80.8M non-cash goodwill impairment in both segments due to soft demand and trade pressures; net loss hit $67.1M or $(1.20) diluted EPS, versus $(0.35) last year, with the gap tied to that impairment and higher interest. Cash climbed to $51.3M, operating cash flow surged to $122.9M YTD on working capital gains, while free cash flow stood at $10.6M (derived); total debt reached $1,010.2M including a $58.7M RCF draw, but $165.8M availability persists under eased covenants. In September 2025, Orion expanded its RCF to €350M ($410.9M) via the Fourteenth Amendment, adding €50M capacity through 2026 at 5.0x leverage. Elevated Asian tire imports continue to squeeze Western margins.
8-K
Orion's Q3 sales dip, impairment hits
Orion S.A. reported Q3 2025 net sales of $450.9 million, down 2.7% year over year, with volume up 5.5% to 237.5 kmt but pressured by lower oil prices and unfavorable mix. A $80.8 million non-cash goodwill impairment drove a $67.1 million net loss, while adjusted EBITDA fell 28% to $57.7 million amid tire import overhangs and soft industrial demand. Yet cash flow efforts shine. Management eyes $25–$40 million free cash flow for 2025 via cost cuts and working capital gains.
8-K
Orion trims 2025 EBITDA outlook
Orion S.A. reported preliminary Q3 2025 adjusted EBITDA of about $55 million, hit by weak Western rubber volumes, oil price inventory revaluation, and production cuts for cash flow. The company narrowed its full-year 2025 adjusted EBITDA guidance to $220-$235 million while prioritizing free cash flow for debt reduction amid tire industry import pressures. Production dips boost cash but dent profits. CEO Painter eyes cost measures to lift 2026 earnings.
8-K
Credit facility expanded €50M
Orion S.A. boosted its revolving credit facility by €50 million through a fourteenth amendment to its existing credit agreement, effective September 30, 2025. This incremental commitment, arranged by UniCredit Bank GmbH, resets the first lien leverage ratio covenant to 5.00 to 1.00 through December 31, 2026, then 4.50 to 1.00. All other terms remain unchanged. Liquidity expands modestly yet strategically.
8-K
Orion declares $0.0207 dividend
Orion S.A. declared an interim quarterly dividend of $0.0207 per common share on September 11, 2025, totaling about $1.2 million for outstanding shares. The payout, set for January 20, 2026, to record holders on December 12, 2025, faces a 15% Luxembourg withholding tax, barring exemptions. This modest distribution signals steady cash flow amid market uncertainties. Forward-looking statements highlight inherent risks to actual results.
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