Orion Q2 2023 Earnings Report

Orion EPS Results

• Actual EPS: $0.53
• Consensus EPS: $0.59
• Beat/Miss: Missed by -$0.06
• One Year Ago EPS: $0.58

Orion Revenue Results

• Actual Revenue: $458.80 million
• Expected Revenue: $501.83 million
• Beat/Miss: Missed by -$43.03 million
• YoY Revenue Growth: -15.20%

Orion Announcement Details

• Quarter: Q2 2023
• Date: 8/9/2023
• Time: After Market Closes

Orion (NYSE:OEC), together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings. It also provides rubber carbon black products for applications in mechanical rubber goods, as well as in tires under the ECORAX brand name; and acetylene-based conductive additives for lithium-ion batteries and other applications. It operates in the United States, Brazil, rest of the Americas, Germany, South Africa, Italy, Spain, Turkey, France, Rest of EMEA, China, the Republic of Korea, and rest of Asia. The company was formerly known as Orion Engineered Carbons S.A. and changed its name to Orion S.A. in June 2023. Orion S.A. was founded in 1862 and is headquartered in Senningerberg, Luxembourg.