---
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"
generated_at: "2026-08-05T20:34:21.074286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Orion Q2 net sales $501M (+7% YoY), net income $2M, Adj. EBITDA $58M (26% sequential improvement)

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-053413
- JSON: https://secwatch.observer/filing/0001628280-26-053413.json
- Plain text: https://secwatch.observer/filing/0001628280-26-053413.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.