Orion S.A. Declares Interim Quarterly DividendFeb 26, 2026 4:30 PM Eastern Standard Time# Orion S.A. Declares Interim Quarterly DividendShare---HOUSTON--([BUSINESS WIRE])-- [Orion S.A.](NYSE: OEC), a global specialty chemicals company, today announced that its Board of Directors has declared an interim dividend to be paid in the second quarter of 2026 of $0.0207 per common share of the company, which is equivalent to the aggregate amount of approximately $1.2 million based on the number of common shares cur ...

Core Viewpoint - The optimal time to invest in cyclical stocks is just before the business cycle reaches its lowest point, as this typically presents an attractive entry point despite negative earnings trends [1]. Group 1 - The earnings trend for cyclical stocks appears negative at the bottom of the business cycle, which can be misleading for potential investors [1]. - Improving external conditions are expected to drive earnings growth in the future, leading to a potential re-rating of these stocks [1].

GREENWICH, Conn., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 17th Annual Specialty Chemicals Symposium in Midtown Manhattan, New York City on Thursday, March 19, 2026. The event will feature discussions with leading companies and organizations across the specialty chemicals ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Specialty Chemicals investing. Attendees will also have the opportunity to participate in one-on-one meetings with ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K OR Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stocks, no par value | OEC | New York Stock Exchange | Securities registered pursuant to section 12(g ...

ORION S.A. HOUSTON—February 17, 2026—Orion S.A. (NYSE: OEC), a specialty chemical company, today reported full year 2025 Net sales of $1.8 billion in 2025, a 4% decrease from the prior year, consisting of a 7% decline in price, including the pass-through effect of lower oil prices, offset by a 2% increase in volume and favorable foreign currency translation. Historically high levels of lower-tier tire imports into the Western Hemisphere and persistently soft demand in key industrial end-markets including tr ...

Specialty : Adjusted EBITDA of $94 million . Volumes decreased 5% due to weaker global demand. Net sales fell 4% on lower volumes and passthrough pricing, partially offset by favorable foreign currency translation. Adjusted EBITDA declined 14%, primarily due to lower demand.Rubber : Adjusted EBITDA of $155 million . Volumes increased 4%, mainly on higher demand in South America and APAC, partially offset by lower demand in EMEA. Net sales decreased 3% on lower pricing. Adjusted EBITDA declined 20% due to ad ...

Financial Data and Key Metrics Changes - The company reported full-year EBITDA of $248 million for 2025, exceeding previous expectations due to better-than-expected Q4 volumes, particularly in the Specialty segment [16][17] - Free cash flow for the year was $55 million, attributed to higher-than-expected EBITDA in Q4 and working capital initiatives [17][20] - Net debt at the end of the year was $920 million, with a leverage ratio of 3.7 times, down from 3.8 times at the end of Q3 [21] Business Line Data and Key Metrics Changes - The Rubber segment generated full-year adjusted EBITDA of $155 million, impacted by lower tire production rates in key Western markets and a 4% increase in volumes, mainly from South America and APAC [16][17] - The Specialty segment delivered adjusted EBITDA of $94 million, reflecting a 5% decrease in volumes due to soft global industrial activity [17] Market Data and Key Metrics Changes - The tire industry faced challenges due to elevated imports of lower-tier tires, which affected production rates and contract negotiations [7][9] - Recent trends indicate a reversal in consumer behavior, with Tier two and Tier one tires outselling Tier three brands for the first time last year, suggesting a potential recovery in demand [8] Company Strategy and Development Direction - The company is focused on managing costs and has implemented actions expected to drive $20 million in productivity and efficiency savings [10] - A shift in strategy towards maintaining market share rather than sacrificing volume for pricing has been adopted, aligning with customer needs during challenging market conditions [11] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about potential recovery in the tire industry, citing improvements in underlying carbon black indicators and a rebound in freight activity [15][25] - The company anticipates generating adjusted EBITDA between $160 million and $200 million for 2026, with free cash flow expected to be between $25 million and $50 million [23][24] Other Important Information - The company achieved a near-record year for employee safety, with only three incidents reported across its global network [6] - An amendment to the credit agreement was successfully negotiated, providing flexibility to navigate through current market conditions [12][21] Q&A Session Summary Question: Guidance and Rubber Segment - The impact of contract negotiations on guidance was discussed, with management indicating that pricing was the largest factor affecting outcomes [27][29] Question: Free Cash Flow Expectations - Management provided insights on expected free cash flow for 2026, emphasizing active management of working capital and capital expenditures [35][36] Question: Capacity and Contracts - Questions regarding capacity under contract versus normal years were addressed, with management indicating a slight decrease in contracted capacity due to lower tire manufacturing trends [41][42] Question: Tax Items and Specialty Segment Timing - A significant tax item related to a goodwill impairment charge was discussed, with expectations for a return to normal tax rates going forward [44] Question: Accounts Payable and Working Capital Management - Management confirmed active management of working capital elements, including accounts payable, and indicated that the current level is sustainable [49][55] Question: Conductive Carbons and La Porte Plant Update - The timeline for the La Porte plant project was extended to 2027, aligning with market demand [56] Question: Tire Shipments into Europe - Management noted that tire imports to Europe were more stable compared to the U.S., with no significant surge observed [58] Question: Pricing Comparisons with Competitors - Management provided insights on pricing changes, indicating a lower percentage decrease compared to competitors [64]

Financial Data and Key Metrics Changes - The company reported full-year EBITDA of $248 million for 2025, exceeding previous expectations due to better-than-expected Q4 volumes, particularly in the Specialty segment [16][17] - Free cash flow for the year was $55 million, attributed to higher than expected EBITDA in Q4 and working capital initiatives [17][20] - Net debt at the end of the year was $920 million, with a leverage ratio of 3.7x, down from 3.8x at the end of Q3 [21] Business Line Data and Key Metrics Changes - The Rubber segment generated full-year Adjusted EBITDA of $155 million, impacted by lower tire production rates in key Western markets and a 4% increase in volumes mainly from South America and APAC [16][18] - The Specialty segment delivered Adjusted EBITDA of $94 million, reflecting a 5% decrease in volumes due to soft global industrial activity [17][19] Market Data and Key Metrics Changes - The tire industry faced challenges due to elevated imports and soft freight industry conditions, with truck and bus tires accounting for about one-third of carbon black consumption globally [10][15] - Recent trends indicate a potential reversal in consumer behavior, with Tier 2 and Tier 1 tires outselling Tier 3 brands for the first time last year [9][10] Company Strategy and Development Direction - The company is focused on managing costs and has implemented actions expected to drive $20 million in productivity and efficiency savings [11] - A shift towards a "win with our customer" strategy has been adopted to maintain market share amidst challenging conditions [12] - The company has amended its credit agreement to provide flexibility during this cycle, ensuring ample headroom for leverage [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about potential recovery in the tire industry, citing improvements in underlying carbon black indicators and a possible rebound in freight activity [15][25] - The company anticipates generating Adjusted EBITDA between $160 million and $200 million for 2026, with free cash flow expected to be between $25 million and $50 million [23][24] Other Important Information - The company achieved a near-record year for employee safety, with only three incidents reported across its global network [6][7] - The company has rationalized 3-5 production lines to improve operational efficiency [11][60] Q&A Session Summary Question: Guidance and Rubber Segment Impact - The company acknowledged a potential $60 million negative impact from contract outcomes, emphasizing that they did not trade off pricing for volume [27][28][30] Question: Free Cash Flow Expectations - Management indicated that the expected free cash flow range for 2026 is $25 million to $50 million, driven by active management of working capital and CapEx [35][36] Question: Accounts Payable Increase - The increase in accounts payable to $197 million is being actively managed, with a focus on terms extensions [47][53] Question: Conductive Carbons Update - The startup of the La Porte plant has been delayed to 2027 to better align with market demand [54][67] Question: Tire Shipments in Europe - Tire imports to Europe were more stable than in the U.S., with no significant surge observed [56] Question: Capacity Under Contract - The company noted a slight decrease in contracted capacity compared to normal years, with some flexibility in contract structures [40][41]

Financial Data and Key Metrics Changes - The company reported full-year EBITDA of $248 million for 2025, exceeding previous expectations due to better-than-expected Q4 volumes, particularly in the Specialty segment [14][20] - Free cash flow for the year was $55 million, attributed to higher-than-expected EBITDA in Q4 and working capital initiatives [15][18] - Net debt at the end of 2025 was $920 million, with a leverage ratio of 3.7 times, down from 3.8 times at the end of Q3 [18] Business Line Data and Key Metrics Changes - The Rubber segment generated adjusted EBITDA of $155 million, impacted by lower tire production rates in key Western markets and a 4% increase in volumes, mainly from South America and APAC [14][16] - The Specialty segment delivered adjusted EBITDA of $94 million, with a 5% decrease in volumes due to soft global industrial activity [15][17] Market Data and Key Metrics Changes - The tire industry faced challenges due to elevated imports of lower-tier tires, which persisted throughout 2025, affecting contract negotiations for 2026 [6][8] - Recent trends indicate a reversal in consumer behavior, with Tier two and Tier one tires outselling Tier three brands for the first time last year [7] Company Strategy and Development Direction - The company is focused on managing costs and has implemented actions expected to drive $20 million in productivity and efficiency savings [9] - A shift to a "win with our customer" strategy was adopted to maintain market share amid weaker demand [10] - The company has rationalized production lines and reduced capital expenditures to ensure positive free cash flow [9][19] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about potential recovery in the tire industry, citing improving underlying carbon black indicators [11][23] - The company anticipates generating adjusted EBITDA between $160 million and $200 million for 2026, with free cash flow expected to be between $25 million and $50 million [20][21] Other Important Information - The company achieved a near-record year for employee safety, with only three incidents reported across its plants [5] - The company received a platinum rating from EcoVadis, placing it in the top 1% of all companies surveyed in 2025 [22] Q&A Session Summary Question: Guidance and Rubber Segment Impact - The company confirmed that pricing is the largest factor affecting guidance, with a collaborative approach taken during negotiations to maintain market share [25][26] Question: Free Cash Flow Expectations - The company expects free cash flow to remain in the range of $25 million to $50 million for 2026, driven by active management of working capital and capital expenditures [32] Question: Capacity Under Contract - The company noted that capacity under contract is slightly lower than normal due to reduced tire manufacturing forecasts [37][39] Question: Tax Item and Specialty Segment Timing Benefit - The effective tax rate was impacted by a goodwill impairment charge, and stronger demand in coatings contributed to upside in specialty volumes [40][41] Question: Accounts Payable Increase - The company is actively managing working capital, including accounts payable, and does not anticipate an immediate reversal [44][50] Question: La Porte Plant and Conductive Carbons - The startup of the La Porte plant is now expected in 2027, aligning better with market demand [52] Question: Tire Shipments into Europe - Tire imports to Europe were more stable than in the U.S., with no significant surge observed [55] Question: Pricing Comparisons with Competitors - The company indicated that its price cuts are in the range of 3-5%, lower than some competitors' expectations [60] Question: Future Capacity and Startup Costs - The company expects minimal startup costs for La Porte in 2026, with most costs occurring in 2027 [73]

Orion (OEC) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -353.33%. A quarter ago, it was expected that this producer of the chemcial additive carbon black would post earnings of $0.36 per share when it actually produced earnings of $0.29, delivering a surprise of -19.44%.Over the last ...