Orion Reports Q1 Revenue of $459.5M, Beating Expectations
Reports Q1 revenue $459.5M, consensus $434.31M. "We are pleased with our first quarter results, including Adjusted EBITDA of $46 million which was ahead of internal expectations. This was despite Rubber segment volumes which reflected continued sluggish Western Hemisphere tire build rates to start the year. The dynamic backdrop resulting from the Middle East conflict is a test of Orion's agility, and I am proud of our team's responsiveness - executing price increases and surcharges, flexing our supply chain to meet higher demand, and judiciously managing inventories," stated Corning Painter, Chief Executive Officer.
