secwatch.observer — SEC 8-K summary
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Issuer:     Orion S.A. (OEC)
CIK:        0001609804
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001609804-24-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion S.A. posts record FY 2023 Adjusted EBITDA $332.3M; Q4 EPS $0.08 down $0.12
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- FY 2023 net sales $1,893.9M (-$137M YoY); net income $103.5M (-$2.7M).
- Diluted EPS $1.73 flat YoY; adjusted diluted EPS $1.92 (-$0.04).
- Q4 2023 net sales $468.2M (+$6.1M YoY); net income $4.9M (-$7.3M).
- Repurchased ~5% of outstanding stock (~$70M) since inception; net leverage 2.35x.
- Completed multi-year emissions projects in U.S. Expects gradual demand recovery in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609804/000160980424000007/0001609804-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609804/000160980424000007/oec-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001609804-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer