Orion S.A. pre-announces FY2024 adjusted EBITDA below $305-$315M guidance; workforce cut

Orion S.A.

2024-FY EPS reported $0.76 revenue$1,877,500,000

2024 adjusted EBITDA expected nominally below guidance of $305-$315M due to FX, cost reduction costs, weaker Rubber volumes and mix.
Initiated ~6% reduction of non-plant workforce; expects ~$6M annualized cost savings in 2025.
Rubber segment volumes weak late Q4 due to tire imports into N. America and Europe from Asia.
Preliminary unaudited; full results to be reported on Feb 19, 2025, with conference call Feb 20.

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