1Q 2025 Financial Performance - Volume increased by 13% year-over-year to 2517 kmt, but net sales decreased by 50% to $4777 million [24] - Adjusted EBITDA decreased by 224% year-over-year to $662 million, with a margin of 139% [24] - Adjusted net income decreased by 584% year-over-year to $128 million, and adjusted diluted EPS decreased to $022 [24] Rubber Business Results - Rubber volume increased by 25% year-over-year to 1898 kmt, but net sales decreased by 45% to $3170 million [29] - Rubber adjusted EBITDA decreased by 289% year-over-year to $408 million, with a margin of 129% [29] - Gross profit per ton decreased by 296% year-over-year to $3061 [29] Specialty Business Results - Specialty volume decreased by 22% year-over-year to 619 kmt, and net sales decreased by 60% to $1607 million [34] - Specialty adjusted EBITDA decreased by 90% year-over-year to $254 million, with a margin of 158% [34] - Gross profit per ton decreased by 19% year-over-year to $6462 [34] 2025 Guidance - Adjusted EBITDA guidance revised to $270 million - $310 million [40] - Adjusted EPS guidance revised to $120 - $170 per share [40] - Free cash flow guidance reaffirmed at $40 million - $70 million [40]
Orion Engineered Carbons(OEC) - 2025 Q1 - Earnings Call Presentation