Earnings Releases·Nov 4, 2026, 4:37 PM ET

Orion S.A. — Third Quarter 2026 Earnings Summary

Net sales rose 5% year-over-year to $473 million, while consolidated net loss narrowed significantly to $3 million from $67.1 million in the prior year period; Adjusted EBITDA increased 16% to $67 million.
The company tightened its 2026 Adjusted EBITDA guidance to $190–$200 million, raising the midpoint, and expects positive free cash flow for the full year despite higher feedstock costs.
Both Specialty and Rubber Carbon Black segments delivered double-digit Adjusted EBITDA growth driven by favorable pass-through effects from oil prices, though volumes faced headwinds from customer destocking in EMEA, Americas, and Asia Pacific.
Management anticipates an approximate $20 million reduction in capital expenditures in 2027 to drive further free cash flow, while evaluating the production network for underperforming assets.