OEC News & Events

Orion S.A. (OEC) announced that Jonathan Puckett will succeed Jeff Glajch as chief financial officer, effective Dec. 1. Puckett joins the company after 14 years with Celanese (CE), where he recently served as vice president and CFO for the Acetyl Chain segment. In July, Glajch announced his intention to retire as CFO at the end of 2025. He will remain as a full-time employee of Orion through Dec. 31, providing consulting services during the first quarter of 2026 to ensure a transition.

Reports Q3 revenue $450.9M, consensus $420.95M. "Persistent macro uncertainty and challenges specific to our tire industry customer base affected our financial performance in the third quarter, as did lower oil prices and our efforts to extract cash from working capital. Product and geographic mix also impacted results. Consequently, our third quarter Adjusted EBITDA was lower sequentially, below expectations," stated Corning Painter, Chief Executive Officer. "Considering elevated import levels, excess tire channel inventories remain a demand overhang through the remainder of this year," continued Painter. "We continue to believe the evolving global trade paradigm including tariffs should ultimately support our tire customers. Despite that, we are intensifying our internal efforts to improve Orion's competitiveness and to navigate the current backdrop."