Orion S.A. (NYSE: OEC) is a global leader in the production of carbon black, a versatile material used in various industries. The company manufactures carbon black in powder or pellet form, which is essential for applications such as tires, coatings, inks, batteries, and plastics. With a history spanning over 160 years, Orion operates 14 production plants worldwide and emphasizes innovation and sustainability in its offerings.
- Rubber Carbon Black - Reinforces rubber in tires and mechanical rubber goods, providing durability and performance.
- Specialty Carbon Black - Enhances protection, colorization, and conductivity in coatings, polymers, batteries, printing inks, and other specialized applications.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
The documents provide details for the current executive team at OEC as of |
- In Q1, unplanned downtime in your rubber segment resulted in nearly $13 million of additional costs; what targeted actions and timelines do you have in place to reduce these repeated equipment failures in your aging plants?
- You mentioned that the current 25% tariff on auto content is expected to be a net positive, yet there is still considerable uncertainty; how do you plan to quantify and manage the tariff benefits against the risks of volatile freight conditions and potential lower replacement volumes?
- Considering the transient benefits obscured by operational issues and the anticipated negative inventory adjustment due to falling oil prices, what specific measures are being implemented to stabilize your EBITDA in Q2 and beyond?
- With macroeconomic uncertainty and recession concerns potentially impacting demand, what additional cost-control or capital expenditure adjustments are you looking to introduce to ensure continued free cash flow positivity beyond the current savings measures?
- Given the structural shifts in global trade and the potential for expanded domestic tire manufacturing, can you detail the timeline and key milestones by which these industry changes are expected to translate into improved volumes and margins for Orion?
Research analysts who have asked questions during Orion earnings calls.
John Ezekiel Roberts
Mizuho Securities
5 questions for OEC
Jonathan Tanwanteng
CJS Securities
4 questions for OEC
Joshua Spector
UBS
3 questions for OEC
Christopher Perrella
UBS Group AG
2 questions for OEC
Kevin Estok
Jefferies
2 questions for OEC
Laurence Alexander
Jefferies
2 questions for OEC
Daniel Rizzo
Jefferies
1 question for OEC
Jeffrey Zekauskas
JPMorgan Chase & Co.
1 question for OEC
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
This company is a member of the European consortium for carbon black (CB4REACH Consortium) alongside others. The consortium focuses on pre-registering and registering carbon black with the European Chemicals Agency as required by the REACH Regulation. | |
Cancarb Limited | This company is part of the CB4REACH Consortium, which ensures compliance with European regulations for carbon black registration and safety. |
Birla Carbon | This company is a member of the CB4REACH Consortium, collaborating on regulatory compliance and safety measures for carbon black in the European Union. |
Continental Carbon Company | This company participates in the CB4REACH Consortium, which addresses regulatory requirements for carbon black in the EU. |
Tokai Carbon CB Ltd. | This company is included in the CB4REACH Consortium, focusing on the registration and evaluation of carbon black under EU regulations. |
Imerys Graphite & Carbon | This company is a member of the CB4REACH Consortium, working on compliance with the European Chemicals Agency's requirements for carbon black. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Major Rubber Segment Customer (2024) | Carbon black supply arrangement | Rubber | $280.1 million in 2024 (≥10% of consolidated revenue) |
Recent press releases and 8-K filings for OEC.
- Net sales of $477.7 million, down $25.2 million year-over-year
- Net income of $9.1 million and diluted EPS of $0.16, declines of $17.6 million and $0.29, respectively
- Adjusted EBITDA of $66.2 million (-22% YoY) and Adjusted diluted EPS of $0.22 (-$0.30 YoY)
- 2025 guidance updated: Adjusted EBITDA of $270 million–$310 million and Adjusted EPS of $1.20–$1.70; free cash flow reaffirmed at $40 million–$70 million