secwatch.observer — SEC 8-K summary
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Issuer:     Orion S.A. (OEC)
CIK:        0001609804
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001628280-26-008579
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion S.A. reports Q4 2025 net loss $21M, full-year net loss $70M on headwinds
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- Full-year 2025 net sales $1.8B down 4% YoY; net loss $70M includes $81M goodwill impairment.
- Q4 2025 net sales $412M (-5% YoY); volume down 4%, price down 6%.
- Adjusted EBITDA $248M for 2025, Q4 adjusted EBITDA $55M vs $62M prior year.
- Rubber Carbon Black Q4 volume 166.7 kmt vs 168.2 kmt; segment EBITDA $28.7M vs $36.7M.
- Actions include capex reduction, cost structure adjustments, and amended credit agreement for leverage headroom.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609804/000162828026008579/0001628280-26-008579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609804/000162828026008579/oec-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-008579

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