{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-053413","form_type":"8-K","ticker":"OEC","cik":"0001609804","company_name":"Orion S.A.","filed_at":"2026-08-05T20:33:01+00:00","discovered_at":"2026-08-05T20:34:00.323443+00:00","generated_at":"2026-08-05T20:34:21.074286+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Orion Q2 net sales $501M (+7% YoY), net income $2M, Adj. EBITDA $58M (26% sequential improvement)","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-053413","json":"https://secwatch.observer/filing/0001628280-26-053413.json","markdown":"https://secwatch.observer/filing/0001628280-26-053413.md","text":"https://secwatch.observer/filing/0001628280-26-053413.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609804/000162828026053413/0001628280-26-053413-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609804/000162828026053413/oec-20260805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-05T20:34:21.074286+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}