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 Insights - Orion S.A. reported a full year 2025 net sales of $1.8 billion, a 4% decrease from the previous year, driven by a 7% decline in price and a 5% decline in volume, with a net loss of $70 million [1][2][5] - The company faced challenges from high levels of lower-tier tire imports and soft demand in key industrial markets, particularly in the second half of 2025 [1][2] - Orion implemented cost rationalization and inventory reduction measures to mitigate financial pressures, achieving an adjusted EBITDA of $248 million for the year [1][2] Financial Performance - Full Year 2025: - Net sales: $1,806.7 million, down from $1,877.5 million in 2024 [2][5] - Adjusted EBITDA: $248 million, down from $302.2 million in 2024 [2][5] - Net loss: $70.1 million compared to a profit of $44.2 million in 2024 [2][5] - Free cash flow: $55 million, an improvement from a negative $43 million in 2024 [2][5] - Fourth Quarter 2025: - Net sales: $411.7 million, a 5% decline year-over-year [1][2] - Adjusted EBITDA: $55 million, down from $61.7 million in Q4 2024 [2][5] - Net loss: $21.1 million compared to a profit of $17.2 million in Q4 2024 [2][5] Segment Performance - Specialty Carbon Black: - Full year net sales decreased by 4% due to lower demand and the pass-through effect of lower oil prices [2] - Adjusted EBITDA decreased by 14% year-over-year [2] - Rubber Carbon Black: - Full year net sales decreased by 3%, primarily due to lower oil prices, despite a 4% increase in volume [2] - Adjusted EBITDA decreased by 20% year-over-year, impacted by unfavorable regional mix [2] Operational Highlights - The company generated $69 million in cash from working capital in 2025, contributing to positive free cash flow [1][2] - Orion was awarded a Platinum rating by EcoVadis, placing it in the 99th percentile of assessed companies [1] - The company improved plant reliability by 200 basis points in 2025, enhancing operational efficiency [1] Outlook - For 2026, Orion established an adjusted EBITDA guidance range of $160 million to $200 million and a free cash flow guidance range of $25 million to $50 million [2] - The company anticipates subdued operating rates from key customers and a lack of pronounced demand recovery in the near term [2]

Core Insights - The U.S. construction sector ended Q4 2025 with muted activity, primarily driven by infrastructure development and data center builds, while traditional commercial and housing segments struggled [1][2] Industry Overview - Demand is primarily supported by infrastructure and technology initiatives, while traditional commercial and residential markets face financing constraints and reduced demand [2] - Essential sectors are performing well, whereas discretionary and office-focused sectors are encountering significant challenges [2] Earnings Performance - Approximately 70.6% of S&P 500 companies have reported Q4 earnings, with the construction sector's total earnings down 25.8% year-over-year on 3.4% lower revenues [4] - 58.3% of companies beat EPS estimates, while 41.7% surpassed revenue estimates [4] Factors Influencing Q4 Results - AI-related data center development is a key driver of construction activity, leading to expansions in electrical and power infrastructure [5] - Public investment from federal infrastructure programs is converting planned projects into actual construction, supported by the Infrastructure Investment and Jobs Act and other federal initiatives [6] - Industrial reshoring continues to support domestic manufacturing and logistics, providing a steady demand floor from technology and healthcare sectors [7] Challenges Faced - Seasonal slowdowns and weather disruptions likely affected project timelines and productivity in Q4 [8] - Residential construction faced challenges due to high borrowing costs and weak demand, particularly in multifamily housing [9] - Labor shortages and rising materials costs are significant constraints, impacting project schedules and contractor confidence [10] Q4 Expectations - The construction sector is expected to see a 17.2% decline in earnings for Q4 compared to the previous year, a worsening from the 9.1% decline in Q3 2025 [11] - Revenue growth is projected at 1%, down from 2.8% growth in the previous quarter [12] Company Highlights - Orion Group Holdings, Inc. is expected to beat earnings estimates with an EPS consensus of 6 cents, reflecting a 62.5% decline from the previous year [16] - AAON, Inc. anticipates an EPS of 45 cents, indicating a 50% growth year-over-year [18] - Limbach Holdings, Inc. is projected to report an EPS of $1.28, an 11.3% improvement from the prior year [19] - Sterling Infrastructure, Inc. expects an EPS of $2.66, representing an 82.2% growth from the previous year [20]

Core Viewpoint - Orion Group Holdings, Inc. (NYSE:ORN) is identified as an overlooked small-cap stock with positive analyst ratings and a recent strategic acquisition that enhances its market position [1][2][4]. Group 1: Analyst Ratings and Price Targets - DA Davidson maintained a Buy rating on Orion Group Holdings and raised the price target from $13 to $15 [1]. - B. Riley Securities also reiterated a Buy rating, increasing the price target from $11.5 to $15.5 [1]. Group 2: Acquisition Details - The company acquired J.E. McAmis, Inc. and its affiliate JEM Marine Leasing LLC for approximately $60 million on February 4 [2]. - This acquisition is expected to enhance Orion's marine construction segment by adding expertise in complex projects such as building jetties, breakwaters, dredging, and environmental work [2]. Group 3: Strategic Fit and Growth Potential - Analysts at DA Davidson described the acquisition as a "solid strategic fit" and noted the attractive financial merits of the deal [4]. - The company is transitioning into a more offensive investment narrative, with strong growth anticipated in its marine infrastructure segment [4]. Group 4: Company Overview - Orion Group Holdings specializes in marine and concrete construction services across the U.S., Canada, and the Caribbean [5]. - The company operates through two main segments: Marine and Concrete [5].

Core Insights - Orion Group Holdings, Inc. will release its fourth quarter and full year 2025 financial results on March 3, 2026, after market close [1] - A conference call and audio webcast for analysts and investors is scheduled for March 4, 2026, at 10:00 a.m. Eastern Time to discuss the results [2] Company Overview - Orion Group Holdings, Inc. is a leading specialty construction company that serves the infrastructure, industrial, and building sectors [3] - The company operates through two main segments: marine and concrete, providing services both on and off the water across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [3] - The marine segment offers construction and dredging services related to marine transportation facilities, marine pipeline construction, and environmental structures, among others [3] - The concrete segment provides turnkey concrete construction services, including site preparation, layout, forming, and rebar placement for large commercial and structural projects [3]

Core Insights - HEALWELL AI Inc. is making significant strides in integrating its AI capabilities and software platforms, focusing on preventative care and enhancing its SaaS offerings [1][2][8] Integration and Commercial Progress - The company has successfully unified its Khure and Pentavere AI capabilities into a single AI engine powered by DARWEN™, which has improved operational and commercial scale [2][12] - HEALWELL is leveraging Orion Health's global sales distribution network to create new upsell and cross-sell opportunities, enhancing its commercial pipeline as it enters 2026 [2][4] Market Acceptance and Product Development - HEALWELL's AI-enhanced software platforms, including the next-generation Amadeus AI, are gaining traction in markets across Canada, the United States, Europe, and the Middle East [3][12] - The DARWEN™ AI platform continues to expand its disease-state coverage and has received recognition, including the Prix Galien award [5][12] Scientific Validation and Strategic Focus - The company is strengthening its credibility in applied healthcare AI through scientific publications and clinical collaborations, with four publications accepted in the fourth quarter of 2025 [6][12] - HEALWELL is actively pursuing portfolio simplification and evaluating strategic investments, including a $2 million investment in xAI, now part of SpaceX [7][12] Long-term Strategy - The company aims to position itself as a global AI and data science partner for life sciences companies and health systems, capitalizing on structural healthcare tailwinds [8][9]

Core Viewpoint - Orion Marine Group (ORN) has experienced significant stock performance, with a 35.4% increase over the past month and a 43.9% rise since the beginning of the year, outperforming both the Zacks Construction sector and the Zacks Building Products - Heavy Construction industry [1]. Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $0.09 against a consensus estimate of $0.06 in its latest earnings report on October 28, 2025 [2]. - For the current fiscal year, Orion Marine is projected to achieve earnings of $0.35 per share on revenues of $848.09 million, with a year-over-year earnings growth of 66.67%. For the next fiscal year, earnings are expected to rise to $0.70 per share on revenues of $900.13 million, reflecting a 6.14% increase [3]. Valuation Metrics - Orion Marine's stock trades at a valuation of 40.9 times the current fiscal year EPS estimates, which is above the peer industry average of 27.7 times. On a trailing cash flow basis, it trades at 13.9 times compared to the peer group's average of 26.2 times [7]. - The company holds a Value Score of B, with Growth and Momentum Scores of A, resulting in a combined VGM Score of A [6]. Zacks Rank - Orion Marine currently has a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8]. - The stock aligns with the recommendation for investors to select stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating potential for further price appreciation in the near term [9].

Core Viewpoint - Orion Group has acquired J.E. McAmis and JEM Marine Leasing for $60 million, aiming to enhance its marine construction capabilities and capitalize on significant market opportunities in the marine sector [4][7]. Company Overview - McAmis has over five decades of experience in marine solutions, focusing on projects such as jetty and breakwater construction, dredging, and environmental restoration, primarily in Washington and Oregon [2]. - The majority of McAmis' work, estimated at over 80%, is with the U.S. Army Corps of Engineers [1]. Acquisition Details - The acquisition is Orion's first since 2017 and is part of its strategy to become a leading marine construction contractor [3]. - The total consideration for the acquisition is $60 million, comprising approximately $46 million in cash, a $12 million subordinated note, and $2 million in equity [7][20]. - The deal is expected to be accretive while maintaining leverage around one turn, focusing on revenue and capability growth rather than overhead cost synergies [5][13]. Financial Profile - McAmis has a historical revenue run-rate of approximately $38–40 million, with EBITDA margins consistently above 20% [6][10]. - At the time of closing, McAmis had a backlog of about $24 million, which is expected to represent 60% to 65% of its annual revenue [9]. Growth Opportunities - McAmis has an incremental opportunity pipeline exceeding $1.4 billion, primarily consisting of Pacific Northwest projects, with a typical project duration of two to three years [8]. - The acquisition adds specialized equipment and real estate valued at over $34 million, enhancing Orion's operational capabilities [5][16]. Integration and Future Outlook - Orion emphasizes cultural alignment and operational fit in the integration process, with McAmis leadership joining Orion's team [14]. - The company plans to provide consolidated guidance for 2026, including McAmis, in its upcoming financial report [17].

Core Viewpoint - Orion S.A. is actively engaging with investors by participating in upcoming investor conferences, indicating a focus on investor relations and market presence [1]. Group 1: Conference Participation - Orion S.A. will attend the New York Stock Exchange (NYSE) Investor Access Day Series (Virtual) focused on the Materials Sector on March 5 [1]. - The company will also participate in Loop Capital Markets' 7th Annual Investor Conference (Virtual) on March 9 [1]. - Key executives attending these events include CEO Corning Painter and CFO Jon Puckett, highlighting the company's commitment to investor engagement [1].

Core Viewpoint - Orion is acquiring J.E. McAmis and JEM Marine Leasing, which is expected to enhance its operational capabilities and market position [2]. Group 1: Acquisition Details - The acquisition of J.E. McAmis and JEM Marine Leasing is a strategic move for Orion, aimed at expanding its service offerings and market reach [2]. - The management team, including the CEO and CFO, is actively involved in discussing the implications of this acquisition during the conference call [3]. Group 2: Financial Outlook - The presentation includes forward-looking statements regarding the financial impact of the acquisition, indicating that actual results may differ from these projections [4][5].