Orion S.A. Q2 2023 net sales down 15% YoY; adjusted EBITDA up 5% to $87M

Orion S.A.

2023-Q2 EPS reported $1.20 revenue$959,500,000

Net sales of $458.8M, down $82.4M YoY; net income $30.1M, up $0.4M.
Diluted EPS $0.51, up $0.02; adjusted diluted EPS $0.53, down $0.05 YoY.
Adjusted EBITDA of $87M, up 5% YoY despite lower sales.
Earnings call scheduled for August 10, 2023; no guidance update provided.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Orion S.A. reported the second quarter of 2023 results: revenue $458.8 million, net income $30.1 million, EPS $0.51.

Period: the second quarter of 2023
Revenue: $458.8 million
Net income: $30.1 million
EPS: $0.51
Result: reported results

Exact text from the filing

Orion S.A. (NYSE: OEC), a specialty chemical company, today announced financial results for the second quarter of 2023. Second Quarter 2023 Financial Highlights • Net sales of $458.8 million, down $82.4 million, year over year • Net income of $30.1 million, up $0.4 million, year over year • Diluted EPS of $0.51, up $0.02, year over year

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Source: SEC EDGAR

accession 0001609804-23-000027

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