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Sep 30, 2021
Orion Q3 2021 Earnings Report
Reported solid third-quarter results with adjusted EBITDA up 21% year-over-year, driven by strong specialty business performance and effective cost recovery measures.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
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.
Challenges Ahead
- Supply chain pressures
- Inflationary pressures
- Delayed start-up of Ivanhoe plant
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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