Orion SA · Q3 2021 earnings

Briefing

Reported solid third-quarter results with adjusted EBITDA up 21% year-over-year, driven by strong specialty business performance and effective cost recovery measures.

Orion Engineered Carbons S.A. announced strong third-quarter results, with net sales up 39.4% year-over-year to $393.1 million and net income increasing by 133.5% to $21.0 million. The company reinstated its dividend and progressed on key investments including U.S. emissions controls and expansion in Asia-Pacific. Adjusted EBITDA increased by 20.8% to $66.4 million, reflecting favorable product mix and the pass-through of higher feedstock costs.

• Reinstated dividend to enhance shareholder returns and support growth investments.
• Demonstrated strong performance in the Specialty business, despite global economic disruptions.
• Advanced key investments in U.S. emissions controls, Ravenna expansion, and a second plant in China.
• Refinanced term debt with a 7-year, sustainability-linked Term Loan B.

Headline financials

Revenue & EPS history

Orion Engineered Carbons narrowed its Adjusted EBITDA guidance to a range of $265 million to $280 million amid dynamic market conditions including supply chain and inflationary pressures, and the delayed start-up of our Ivanhoe plant.