Orion S.A. (OEC) Form 8-K — Nov 4, 2026
Orion S.A. (NYSE: OEC) reported Q3 2026 net sales of $472.8 million, up 5% year over year, with Adjusted EBITDA of $66.8 million (up 16%) and a net loss of $3.1 million, improved from a $67.1 million loss in the prior year quarter. Working capital execution drove $46 million of free cash flow, though the quarter included an approximate $17 million net timing benefit from European emission allowances, and Adjusted diluted EPS fell to $0.03 from $0.29.
Key figures
- Revenue
- 472800000
- Guidance
- 2026 Adjusted EBITDA guidance tightened to $190-$200 million with midpoint raised; expects positive free cash flow in 2026 and 2027; full year capex reduced by $70 million
- Total Debt
- 989300000
- Revenue Yoy
- 5%
- Cash Position
- 71300000
- Net debt
- $918 million
- Liquidity
- $193 million
- Free cash flow q3
- $46 million
- Adjusted ebitda q3
- $66.8 million (vs $57.7 million prior year)
- Net leverage ratio
- 4.1x TTM
- Adjusted ebitda ytd
- $171.1 million
- Operating cash flow q3
- $58 million
- Adjusted diluted eps q3
- $0.03 (vs $0.29 prior year)
- Eu emission allowance timing benefit
- ~$17 million net benefit in Q3
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