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-0.0145791915175612 -0.0192180251822398 -0.0450629555997349 -0.0450629555997349 -0.00596421471172961 -0.00596421471172961 -0.00596421471172961 -0.00596421471172961
Stock impact report

Orion S.A. Announces Preliminary Full Year 2024 Update

Orion Engineered Carbons S.A Common Shares (OEC) 
Last orion engineered carbons s.a common shares earnings: 2/20 04:45 pm Check Earnings Report
US:NYSE Investor Relations: investor.orioncarbons.com
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Orion S.A. (NYSE: OEC), a global specialty chemicals company, today announced a preliminary unaudited financial update for its fiscal year ending December 31, 2024.Orion now expects 2024 adjusted EBITDA to be nominally below our guidance range of $305-$315 million, due primarily to foreign exchange translation impacts related to the strengthening dollar and one-time costs associated with a cost reduction plan. Weaker than anticipated Rubber segment volumes late in the fourth quarter and slightly less favorable Specialty segment mix were also factors and would have positioned the company at the lower end of guidance, excluding the items noted above. In the fourth quarter, Orion commenced an initiative to reduce its non-plant workforce by ~6% and expects to realize approximately $6 million in annualized cost savings in 2025.“We believe the Rubber demand softness we experienced late in the year reflects continued pressure on Western tire production resulting Show less Read more
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