Orion S.A. (OEC) Form 8-K — Aug 5, 2026
Orion S.A. (NYSE: OEC) reported second quarter 2026 net sales of $501 million, up 7% year over year, along with net income of $2 million and Adjusted EBITDA of $58 million, which the company highlighted as a 26% sequential improvement from the first quarter. The quarter was a tale of two segments: Specialty Carbon Black Adjusted EBITDA surged 96% year over year to $39 million on strong EMEA demand for premium grades, while Rubber Carbon Black Adjusted EBITDA fell 61% to $19 million on lower 2026 contractual pricing and an intentional inventory draw. Diluted EPS came in at $0.03 versus $0.16 a year ago.
Key figures
- Eps
- 0.03
- Revenue
- 500.9
- Guidance
- FY2026 Adjusted EBITDA reaffirmed at $170-$210 million; full year free cash flow guidance raised to a range of a $10 million outflow to $20 million positive, a $43 million improvement at midpoint vs prior guidance
- Net Income
- 1.8
- Revenue Yoy
- 7% improvement vs prior year
- Total Assets
- 1987
- Cash Position
- 50.8
- Net Debt
- 960.7
- Liquidity
- 178
- Units note
- USD millions except per-share and ratio figures
- Fy Capex Plan
- 90
- Capex q2 2026
- 25
- Ttm Adjusted EBITDA
- 217.3
- Fy Cost Savings Target
- 20
- Free Cash Flow q2 2026
- 1.9
- Net Leverage Ratio ttm
- 4.4x (vs 3.7x at Dec 31, 2025)
- Adjusted EBITDA q2 2025
- 68.8
- Adjusted EBITDA q2 2026
- 58.2
- Rubber Segment EBITDA yoy
- -61%
- Operating Cash Flow q2 2026
- 27.3
- Adjusted Diluted EPS q2 2025
- 0.32
- Adjusted Diluted EPS q2 2026
- 0.14
- Rubber Carbon Black net Sales
- 316.1
- Specialty Segment EBITDA yoy
- +96%
- Specialty Carbon Black net Sales
- 184.8
- Adjusted EBITDA sequential change
- +26% vs Q1 2026
- Rubber Carbon Black adjusted EBITDA
- 19.2
- Specialty Carbon Black adjusted EBITDA
- 39
Price after filing
Close on the filing date to close N calendar days later (from $6.66). Historical, not a forecast.
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