Earnings summaries and quarterly performance for Orion.
Executive leadership at Orion.
Corning Painter
Detailed
Chief Executive Officer
CEO
CQ
Carlos Quinones
Detailed
Senior Vice President, Global Operations
JP
Jonathan Puckett
Detailed
Chief Financial Officer
PR
Pedro Riveros
Detailed
Senior Vice President, Global Rubber Carbon Black and Americas Region
SN
Sandra Niewiem
Detailed
Senior Vice President, Global Specialty Carbon Black and EMEA Region
Board of directors at Orion.
Research analysts who have asked questions during Orion earnings calls.
JE
John Ezekiel Roberts
Mizuho Securities
7 questions for OEC
Also covers: ALB, APD, ASH +22 more
JT
Jonathan Tanwanteng
CJS Securities
6 questions for OEC
Also covers: APG, ATRO, CMCO +17 more
Joshua Spector
UBS
3 questions for OEC
Also covers: ALB, AMBP, APD +37 more
CP
Christopher Perrella
UBS Group AG
2 questions for OEC
Also covers: ALB, CBT, DOW +3 more
DR
Daniel Rizzo
Jefferies
2 questions for OEC
Also covers: APD, ASH, ATR +16 more
JZ
Jeff Zekauskas
JPMorgan
2 questions for OEC
Also covers: CC, CTVA, DOW +8 more
JS
Josh Spector
UBS Group
2 questions for OEC
Also covers: ALB, AMBP, APD +30 more
Kevin Estok
Jefferies
2 questions for OEC
Also covers: ASH, AVNT, CBT +8 more
LA
Laurence Alexander
Jefferies
2 questions for OEC
Also covers: AIQUY, ALB, APD +27 more
DR
Dan Rizzo
Jefferies Financial Group Inc.
1 question for OEC
Also covers: HUN, ICL
JZ
Jeffrey Zekauskas
JPMorgan Chase & Co.
1 question for OEC
Also covers: ALB, AMCR, APD +31 more
Recent press releases and 8-K filings for OEC.
Orion S.A. Reports Full Year 2025 and Q4 Earnings, Issues 2026 Guidance
OEC
Earnings
Guidance Update
Demand Weakening
- Orion S.A. reported full year 2025 Net sales of $1.8 billion, a 4% decrease from the prior year, and a Net loss of $70 million (including an $81 million goodwill impairment charge), with Adjusted EBITDA of $248 million. For the fourth quarter of 2025, Net sales were $412 million, a 5% year-over-year decline, and the company reported a Net loss of $21 million and Adjusted EBITDA of $55 million.
- The company generated $216 million in operating cash flow and $55 million in free cash flow for the full year 2025.
- Orion S.A. issued full year 2026 guidance, projecting Adjusted EBITDA between $160 million and $200 million and free cash flow between $25 million and $50 million.
- The company concluded 2025 with net debt of $921 million and a net debt-to-Adjusted EBITDA ratio of 3.7x.
Feb 17, 2026, 9:12 PM
Orion S.A. Announces Q4 2025 Results and 2026 Guidance
OEC
Earnings
Guidance Update
CFO Change
- Orion S.A. reported strong Q4 2025 results, with full-year Adjusted EBITDA and free cash flow exceeding expectations.
- The company provided 2026 guidance, anticipating a lower Adjusted EBITDA range but continued positive free cash flow, as detailed in the table below.
- Jon Puckett was introduced as the new Chief Financial Officer, having joined in early December 2025.
- Orion has implemented aggressive measures to navigate challenging industry conditions, including cost reductions, significant CapEx reduction, and the rationalization of 3-5 production lines.
- The La Porte plant project for conductive carbons has been slowed, with completion and startup now projected for 2027.
| Metric | FY 2025 | FY 2026 (Guidance) | H1 2026 (Guidance) |
|---|---|---|---|
| Adjusted EBITDA ($USD Millions) | 248 | 160 - 200 | 90 - 110 |
| Free Cash Flow ($USD Millions) | 55 | 25 - 50 | N/A |
| Capital Expenditures ($USD Millions) | 160 | 90 | N/A |
| Net Debt ($USD Millions) | 920 | N/A | N/A |
| Leverage Ratio (x) | 3.7 | N/A | N/A |
Feb 17, 2026, 1:30 PM
Orion Reports Q4 and Full Year 2025 Financial Results
OEC
Earnings
Guidance Update
Demand Weakening
- For the full year 2025, Orion reported a Total Adjusted EBITDA of $248 million, an 18% decrease year-over-year, and Free Cash Flow of $55 million.
- In Q4 2025, the company's Adjusted EBITDA was $55.3 million on Net Sales of $411.7 million, resulting in an Adjusted Diluted Loss per share of $(0.34).
- The company faced a challenging 2025 backdrop due to surging tire imports, consumers trading down, and soft specialty demand, which led to difficult 2026 supply agreement negotiations.
- For the full year 2026, Orion provides guidance of Adjusted EBITDA between $160 million and $200 million and Free Cash Flow between $25 million and $50 million.
- Net Debt was reduced by approximately $40 million sequentially in Q4 2025 to ~$920 million, with the net debt-to-TTM Adjusted EBITDA ratio declining to 3.7x.
Feb 17, 2026, 1:30 PM
Orion Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
OEC
Earnings
Guidance Update
Management Change
- Orion reported full-year 2025 adjusted EBITDA of $248 million and generated $55 million in free cash flow, exceeding its most recent outlook.
- For 2026, the company expects adjusted EBITDA to be between $160 million and $200 million and free cash flow between $25 million and $50 million, with capital expenditures reduced to $90 million.
- Strategic measures for 2026 include $20 million in cost reductions and the rationalization of 3-5 production lines to navigate challenging market conditions.
- Jonathan Puckett was introduced as the new Chief Financial Officer, having joined Orion in early December.
- The La Porte plant project for conductive carbons has been slowed, with completion and startup now anticipated in 2027.
Feb 17, 2026, 1:30 PM
Orion S.A. Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
OEC
Earnings
Guidance Update
CFO Change
- Orion S.A. reported full-year 2025 adjusted EBITDA of $248 million and free cash flow of $55 million, with Q4 2025 results exceeding expectations primarily due to higher volumes in the specialty segment.
- For 2026, the company forecasts adjusted EBITDA between $160 million and $200 million and free cash flow between $25 million and $50 million, supported by $90 million in capital expenditures.
- The company has implemented aggressive actions, including $20 million in cost reductions for 2026, rationalizing 3-5 production lines, and amending its credit agreement to navigate challenging market conditions.
- Jonathan Puckett joined Orion as the new Chief Financial Officer in early December.
Feb 17, 2026, 1:30 PM
Orion Engineered Carbons Reports Mixed Q4 and FY 2025 Results, Provides 2026 Guidance
OEC
Earnings
Guidance Update
Demand Weakening
- Orion Engineered Carbons reported a non-GAAP EPS of -$0.34 for Q4, missing estimates, while revenue of $411.7 million materially beat expectations despite a 5% year-over-year decline driven by volume and pricing weakness.
- For fiscal year 2025, the company generated $1.8 billion in net sales, $55 million in free cash flow, and $248 million in adjusted EBITDA, but recorded a $70.1 million net loss including an $81 million goodwill impairment.
- Management guided for 2026 adjusted EBITDA of $160–$200 million and free cash flow of $25–$50 million, with plans to stabilize earnings and reduce debt through operational discipline and working-capital actions, though near-term profitability and leverage remain a concern.
- Third-party data highlighted weaker balance sheet and liquidity metrics, including a debt-to-equity ratio of approximately 2.51, a current ratio of ~1.08, and a quick ratio of ~0.64.
Feb 17, 2026, 11:41 AM
Orion S.A. Reports Full Year 2025 and Fourth Quarter Earnings
OEC
Earnings
Demand Weakening
Guidance Update
- Orion S.A. reported full year 2025 Net sales of $1.8 billion, a 4% decrease from the prior year, and a Net loss of $70 million, which included an $81 million non-cash goodwill impairment charge.
- For the fourth quarter of 2025, Net sales were $412 million, representing a 5% year-over-year decline, with a Net loss of $21 million and Adjusted EBITDA of $55 million.
- The company generated operating cash flow of $216 million and free cash flow of $55 million for 2025, partly due to $69 million of cash extracted from working capital.
- Performance was impacted by historically high levels of lower-tier tire imports and soft demand in key industrial end-markets; in response, Orion is implementing mitigation actions such as cost rationalization, inventory reduction, reducing growth capital expenditures, and focusing on debt reduction.
Feb 17, 2026, 11:30 AM
Francisco Partners to Acquire Majority Stake in OEConnection
OEC
M&A
- Francisco Partners has agreed to acquire a majority stake in OEConnection LLC (OEC) from Genstar Capital.
- OEC is a leading end-to-end technology platform for the global automotive aftersales ecosystem, serving 45 manufacturers, 30,000 auto dealers, and 135,000 wholesale customers across six countries.
- The financial terms of the transaction were not disclosed.
- Genstar, Ford, and General Motors will remain minority investors in OEC.
Nov 11, 2025, 1:00 PM
Orion S.A. Reports Q3 2025 Earnings and Announces CFO Transition
OEC
Earnings
CFO Change
Guidance Update
- Orion S.A. reported Adjusted EBITDA of approximately $58 million for Q3 2025, which was slightly better than their mid-October pre-announcement but still below expectations.
- The company expects full-year 2025 free cash flow to be in the range of $25 million to $40 million.
- Jeff Glajch, CFO, is retiring, and a new CFO with 30+ years of financial and business leadership experience, including 15 years in the chemical industry, will start on December 1.
- Orion is addressing soft demand in key markets, with U.S. tire production down 29% and European production down 20% (Western Europe 35%) compared to normalized levels. The company is implementing cost rationalization efforts, including rationalizing 3 to 5 underperforming production lines by year-end, and anticipates working capital to be a source of cash by approximately $50 million in 2025.
Nov 5, 2025, 1:30 PM
Orion Engineered Carbons Reports Q3 2025 Results and Revises Full-Year Guidance
OEC
Earnings
Guidance Update
Demand Weakening
- Orion Engineered Carbons reported Q3 2025 Net Sales of $450.9 million, a 2.7% decrease year-over-year, and Adjusted EBITDA of $57.7 million, a 28.0% decrease year-over-year.
- Adjusted Diluted Earnings per share for Q3 2025 was $0.29, a decline from $0.47 in Q3 2024.
- The company's performance was affected by a difficult macro backdrop, soft premium specialty markets, and volumes skewed towards lower-margin APAC regions.
- Orion Engineered Carbons revised its Full Year 2025 guidance, projecting Adjusted EBITDA between $220 million and $235 million and Adjusted EPS between $0.80 and $0.95 per share.
- During Q3 2025, the company recovered $7.3 million in fraud-related losses and amended its credit agreement to increase RCF capacity.
Nov 5, 2025, 1:30 PM
Quarterly earnings call transcripts for Orion.
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