Orion Engineered Carbons(US:OEC)2025-02-20 16:392024 Performance - Adjusted EBITDA reached $302.2 million in 2024 [27], exceeding $300 million for the third consecutive year [6, 25] - Adjusted diluted EPS was $1.76 [27], compared to $1.92 in the previous year, a decrease of 8.3% [27] - Net sales amounted to $1,877.5 million [27], a slight decrease of 0.9% year-over-year [27] - Aggregate volumes remained relatively flat at 934.8 kmt [27], a slight increase of 0.3% year-over-year [27] Q4 2024 Results - Adjusted EBITDA for Q4 2024 was $61.7 million [25, 29], a decrease of approximately 7% year-over-year [25, 29] - Adjusted diluted EPS for Q4 2024 increased significantly to $0.35 [25, 29], up 106% year-over-year [25, 29], benefiting from discrete tax items [25] - Rubber volumes experienced a decline of approximately 2% [29], offset by a 9% increase in Specialty gains [29] - Net sales for Q4 2024 were $434.2 million [29], a decrease of 7.3% year-over-year [29] 2025 Guidance - The company anticipates an adjusted EBITDA between $290 million and $330 million for the full year 2025 [20] - Adjusted EPS is projected to be between $1.45 and $1.90 per share [20] - Capital expenditures are estimated to be approximately $160 million [20] - Free cash flow is expected to be in the range of $40 million to $70 million [20] Capital Allocation - Capital spending is expected to decline over the next two years [16] - The company has ample buyback capacity [14]