OEC News & Events

Orion S.A. has declared an interim dividend to be paid in 4Q26 of 2.07c per common share of the company, which is equivalent to the aggregate amount of approximately $1.2M based on the number of common shares currently outstanding. The interim dividend will be paid on October 7 to holders of record as of the close of business in New York, NY, United States of America, on July 6. Luxembourg withholding tax at a rate of 15% will be deducted from each interim dividend, subject to exemptions and reductions in certain circumstances.

Orion announced it is producing circular carbon black at its ISCC PLUS-certified plant in the eastern coastal city of Qingdao, China. The facility is making three grades - ECORAX Circular 200, 210 and 215 - from tire pyrolysis oil. ECORAX 200 is a hard black suitable for tires, while the 210 and 215 grades can be used for tires and mechanical rubber goods. "This new capability in China marks a key step in offering circular carbon black grades globally," Orion CEO Corning Painter said. "The product line extension gives us greater flexibility to meet growing demand for circular products, while maintaining the performance, consistency and quality our customers expect."

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.