Orion Provides Update on Full-Year 2020 Guidance, Bolsters Cash Position and Enhances Financial Flexibility by Suspending Dividend
Orion Engineered Carbons S.A Common Shares (OEC)
Last orion engineered carbons s.a common shares earnings: 2/20 04:45 pm
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investor.orioncarbons.com
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Source: Business Wire
Withdrawing company guidance for 2020 financial performance Bolstering cash position to approximately $100 million Suspending dividend to significantly enhance financial flexibility HOUSTON--(BUSINESS WIRE)--In response to the ongoing uncertainty surrounding the duration, magnitude and geographic reach of COVID-19, Orion Engineered Carbons S.A. (NYSE: OEC) today announced it is withdrawing its full-year 2020 guidance issued on February 20, 2020. The company also announced several proactive actions to maintain and strengthen its financial flexibility, including increasing its cash position and suspending its dividend.Withdrawing Earnings Guidance As stated in Orion’s earnings presentation dated February 21, 2020, the company’s guidance included its estimate of the 1Q20 financial and operational impacts of COVID 19. Given the increasing impact and uncertainty surrounding the duration, magnitude and geographic reach of COVID-19, and the likelihood that COVID-19 will have implications
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OEC
Earnings
- 11/7/24 - Miss
OEC
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/7/24 - Form 10-Q
- OEC's page on the SEC website