Financial Data and Key Metrics Changes - Q2 2024 EBITDA was below expectations, with revised guidance indicating a midpoint reduction of $25 million to $30 million compared to earlier projections [4][23] - Overall volumes improved by 3% year-over-year, driven by a 17% recovery in specialty volumes, which offset a small decline in rubber volumes [17][18] - The company expects full-year gross profit per ton to exceed the 2023 level of $409 [19] Business Line Data and Key Metrics Changes - Specialty business volumes were up 17% year-over-year, reflecting broad-based demand recovery across geographic markets [21] - Rubber segment volumes declined by 2% year-over-year and 8% sequentially, impacted by inflation-driven consumer trade down and weaker tire demand in China [18][20] - The rubber business is expected to see modest volume improvement in the second half of the year, while specialty is anticipated to continue its recovery [7][25] Market Data and Key Metrics Changes - Rubber volumes are down in North America and Asia, while Europe saw gains due to last year's negotiations [6] - The company noted that the consumer trade down to lower-value brands is affecting demand in key markets [5][10] - The overall economic confidence in China remains low, impacting OEM builds and local tire companies [46][48] Company Strategy and Development Direction - The company plans to resume share repurchase activity at a modest pace, reflecting confidence in the carbon black industry's fundamentals and competitive position [8][28] - Future capital expenditures are expected to be lower, focusing on debottlenecking and expanding capacity for specialty grades [8][27] - The company is optimistic about the rubber segment heading into 2025, citing potential tariff increases and ongoing industry restructuring [13][26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging quarter but emphasized the underlying strength of the business and the importance of transparency [50] - The company expects a gradual improvement in the freight market and overall economic conditions, particularly in the second half of 2024 [38] - Management is cautious about the ongoing negotiations for 2025, indicating that they will not rush into volume commitments [11][12] Other Important Information - The company has made significant progress in sustainability initiatives, including investments in tire recycling and low emissions technology [14][15] - The effective tax rate assumption for the year is marginally higher due to the jurisdictional mix of earnings [24] Q&A Session Summary Question: Volume cadence in the second half of the year - Management noted that July showed signs of recovery, particularly in rubber, and expects some seasonality in Q4 but less than in previous years [29] Question: Balancing cash flow and buybacks - Management indicated a willingness to slightly increase leverage to facilitate opportunistic buybacks [30] Question: Maintenance costs in Q2 - Planned and unplanned maintenance costs were higher in Q2, with expectations for lower maintenance in the upcoming quarters [30] Question: Strength in specialty markets - Coatings and polymers showed relative strength, with some lower-value areas performing well [31] Question: Capacity utilization in Rubber Black - Current capacity utilization is in the mid-70s, which is low compared to mid-cycle expectations [32] Question: Economics of tire imports versus domestic production - Management discussed the impact of higher shipping costs and potential consumer shifts towards higher-value tires as tariffs come into play [36] Question: Conditions in China - The macroeconomic environment in China remains challenging, with reduced consumer confidence affecting investments [46]

Orion (OEC) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -30.51%. A quarter ago, it was expected that this producer of the chemcial additive carbon black would post earnings of $0.63 per share when it actually produced earnings of $0.52, delivering a surprise of -17.46%. Over the l ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 001-36563 ORION S.A. (Exact name of registrant as specified in its charter) | Grand Duchy of ...

ORION S.A. CONTACT: Wendy Wilson Investor Relations +1 281-974-0155 Exhibit 99.1 Orion S.A. Reports First Quarter 2024 Financial Results HOUSTON—May 2, 2024—Orion S.A. (NYSE: OEC), a specialty chemical company, today announced financial results for period ended March 31, 2024 as follows: Three Months 2024 Highlights The reconciliations of Non-U.S. GAAP ("GAAP") measures to the respective most comparable GAAP measures are provided in the section titled Reconciliation of Non-GAAP Financial Measures below. 1 " ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number 001-36563 ORION S.A. | Title of each class | Trading Symbol(s) | Name of each exchange on which re ...

| --- | --- | --- | --- | --- | --- | |----------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3Q 2023 Earnings | | | | | | | Conference Call November 3, 2023 | | | | | | | | | | | | | All these forward-looking statements are based on estimates and assumptions that, although believed to be reasonable, are inherently uncertain. Therefore, undue reliance should not be placed upon any forward-looking statements. There are important f ...

Financial Data and Key Metrics Changes - The company reported third quarter adjusted EBITDA of $77 million and adjusted diluted EPS of $0.49, marking the second highest results for both figures in the third quarter [5] - Year-to-date adjusted EBITDA reached a record $266 million, up 7.5%, with adjusted diluted EPS of $1.76, just $1 million short of the entire 12-month adjusted EBITDA from two years ago [5][11] - The trailing 12-month return on capital employed (ROCE) stands at 17%, significantly exceeding the weighted average cost of capital [10] Business Line Data and Key Metrics Changes - Specialty business faced challenges with lower gross profit per ton due to startup impacts and reduced cogeneration profitability, but overall performance remains strong [6][11] - In rubber, the company noted industry restructuring and expanding tire capacity in the Americas and Europe, which is tightening the market [8] - Gross profit per ton for Q3 was $386, lower than previous quarters but above the Q3 2022 level of $364, with expectations to revert above $400 in Q4 [23] Market Data and Key Metrics Changes - The company experienced flat volume in the third quarter, with increased specialty demand from the new plant in China offset by lower volumes in EMEA and the Americas [145] - Demand conditions in the U.S. and Europe are subdued, with rubber demand slightly stronger in North America compared to Europe, while specialty demand is weak in both regions [102][103] Company Strategy and Development Direction - The company is focused on ramping up its greenfield facility in Huaibei, China, and completing air emission upgrades in the U.S. [16][53] - The launch of new products, such as PRINTEX Kappa 10, aims to address growing demand in the electric vehicle market [18] - The company is positioning its specialty business for further growth through various initiatives, including customer qualifications and facility upgrades [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving another year of earnings growth despite lower demand compared to 2022, with a strong position heading into 2024 [26][28] - The company anticipates that destocking will be a headwind into the second half of 2024, but remains optimistic about its resilience [51] - Management highlighted the importance of being agile in response to market changes and emphasized the ongoing restructuring in the rubber market [25][66] Other Important Information - The company reduced its net debt by $102 million in the first nine months of 2023, with a debt to EBITDA ratio now at 2.29 times, down from nearly three times in mid-2022 [13] - The company has repurchased $63 million worth of shares since late Q4 2022, representing nearly 5% of outstanding stock [13][140] - The company secured funding for developing a climate-neutral process for producing carbon black from alternative sources [141] Q&A Session Summary Question: Contract pricing progress for next year - Management indicated that while they are making progress, they do not expect to provide specific metrics at this time due to commercial sensitivity [31] Question: Drivers of lower price/mix benefit in rubber contracts - The startup in China and associated issues impacted the price/mix benefit, which would have been higher without these factors [32] Question: EBITDA impact from startups in rubber and specialty segments - The estimated EBITDA impact from startups was approximately $20 in rubber and about $70 in specialty [33] Question: Expectations for the trajectory of the Specialty segment - Management noted that the trajectory will depend on market conditions and the performance of premium products [40] Question: Impact of UAW on Q4 - Management stated that the UAW impact is included in their guidance, which anticipates a strong Q4 [80] Question: Comparison of demand conditions in the U.S. and Europe - Demand is currently weak across both regions, with rubber being slightly stronger in North America [102][103]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Table of Contents FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 001-36563 ORION S.A. (Exact name of registrant as specified in its charter) Grand Duchy of ...

Orion Engineered Carbons S.A. (NYSE:OEC) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Company Participants Wendy Wilson - Head of IR Corning Painter - CEO Jeff Glajch - CFO Conference Call Participants Chris Kapsch - Loop Capital Markets Jon Tanwanteng - CJS Securities John Roberts - Credit Suisse Josh Spector - UBS Jeff Zekauskas - JPMorgan Operator Greetings, and welcome to the Orion SA Second Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. A ...

| --- | --- | --- | --- | --- | --- | |---------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2Q 2023 Earnings | | | | | | | Conference Call August 10, 2023 | | | | | | | | | | | | | Factors that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements include those factors detailed under the captions "Cautionary Statement for Purposes of the "Safe Harbor" Provisions of ...