earnings
confidence high
sentiment negative
materiality 0.70
Orion Q2 net sales $501M (+7% YoY), net income $2M, Adj. EBITDA $58M (26% sequential improvement)
Orion S.A.
- Net sales $501M, up 7% YoY; net income $1.8M vs $9.0M prior year; diluted EPS $0.03 vs $0.16.
- Adjusted EBITDA $58.2M, down from $68.8M YoY but up 26% sequentially; Specialty segment EBITDA $39.0M (+96% YoY), Rubber $19.2M (-61% YoY).
- Operating cash flow $27M, free cash flow $2M; net debt-to-TTM EBITDA 4.4x; liquidity $178M.
- On track for full-year capex $90M and cost savings of $20M; no change to earnings guidance.
- CEO cites sequential recovery led by Specialty segment; EU duties and U.S. tariffs expected to support Western tire manufacturing.