NYSE$OEC
Orion SA · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported financial results for the period ended September 30, 2023.
Orion S.A. reported a decrease in net sales and net income for the third quarter of 2023, with net sales at $466.2 million and net income at $26.2 million. Despite weaker demand in key markets, the company delivered $77 million of Adjusted EBITDA. Strong cash flow enabled debt reduction and share repurchases.
- Net sales decreased by 14.2% year-over-year to $466.2 million.
- Net income decreased by 17.6% year-over-year to $26.2 million.
- Adjusted EBITDA decreased by 4% year-over-year to $77.3 million.
- Volume increased by 0.8% year-over-year.
Headline financials
Revenue & EPS history
Orion · Revenue · Quarterly
$466M
Revenue by segment
Orion · $466M total across 2 segments · Q3 2023
- Rubber Carbon Black$316M-15.4%67.7%
- Specialty Carbon Black$150M-11.3%32.3%
Forward guidance
The company narrowed its 2023 Adjusted EBITDA guidance range to $330 million to $340 million, up seven percent at the midpoint, compared with previous record 2022 results. They also project full year 2023 Adjusted EPS of $2.00 to $2.10, up nine percent at the midpoint. Free cash flow should be approximately $100 million this year and they look forward to further growth in 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-0.9%
Avg return
Earnings day
-1.5%
Avg return
5 days after
+0.2%
Avg return
30 days after
57%
26 / 46 earnings
Positive
+10.0%
Q4 2022
Best reaction
-27.4%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -12.3% | -8.5% | -18.0% | |
| Q4 2025 | -19.8% | -14.5% | -26.9% | |
| Q3 2025 | -8.4% | -1.0% | +1.6% | |
| Q1 2025 | -10.6% | -0.8% | +0.5% | |
| Q4 2024 | +3.3% | -0.4% | -8.3% | |
| Q3 2024 | -5.9% | +5.3% | +7.9% | |
| Q2 2024 | -27.4% | -28.0% | -24.2% | |
| Q1 2024 | -0.0% | +4.0% | +5.3% | |
| Q4 2023 | +1.6% | +0.8% | -1.6% | |
| Q3 2023 | +4.5% | +4.1% | +20.6% | |
| Q2 2023 | +5.5% | +4.0% | +4.8% | |
| Q1 2023 | +6.7% | -0.2% | +11.2% | |
| Q4 2022 | +10.0% | +11.4% | +10.7% | |
| Q3 2022 | +6.2% | +11.1% | +20.7% | |
| Q2 2022 | -8.0% | -8.1% | -3.8% | |
| Q1 2022 | +1.7% | +0.8% | +22.6% | |
| Q4 2021 | -9.5% | -19.4% | -18.7% | |
| Q3 2021 | +0.8% | -0.4% | -10.8% | |
| Q2 2021 | +1.4% | +0.2% | +3.9% | |
| Q1 2021 | -1.1% | -6.1% | -7.4% | |
| Q4 2020 | -2.0% | +2.0% | +19.1% | |
| Q3 2020 | -6.2% | +3.2% | +14.0% | |
| Q2 2020 | +9.4% | +11.4% | +15.7% | |
| Q1 2020 | +4.9% | -5.5% | +54.9% | |
| Q4 2019 | +6.9% | -5.7% | -54.6% | |
| Q3 2019 | +8.9% | +15.9% | +8.1% | |
| Q2 2019 | -20.8% | -29.5% | -28.6% | |
| Q1 2019 | +4.9% | +2.9% | -11.2% | |
| Q4 2018 | -19.3% | -22.6% | -27.5% | |
| Q3 2018 | +8.2% | +2.1% | +1.2% | |
| Q2 2018 | +8.0% | +9.5% | +10.3% | |
| Q1 2018 | +0.0% | +1.5% | +19.8% | |
| Q4 2017 | +1.3% | -0.4% | -8.9% | |
| Q3 2017 | +0.6% | +2.8% | +2.8% | |
| Q2 2017 | +2.6% | -2.6% | +3.8% | |
| Q1 2017 | +0.5% | -2.9% | -7.4% | |
| Q4 2016 | -1.0% | -0.7% | -9.3% | |
| Q3 2016 | +3.4% | +1.1% | +0.8% | |
| Q2 2016 | +7.0% | +6.4% | +13.1% | |
| Q1 2016 | +9.1% | — | — | |
| Q4 2015 | +1.8% | — | — | |
| Q3 2015 | -6.7% | — | — | |
| Q2 2015 | -0.7% | — | — | |
| Q1 2015 | -0.3% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | -2.1% | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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