secwatch.observer — SEC 8-K summary
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Issuer:     Orion S.A. (OEC)
CIK:        0001609804
Form:       8-K
Filed at:   2026-08-05T20:33:01+00:00
Accession:  0001628280-26-053413
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609804/000162828026053413/0001628280-26-053413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609804/000162828026053413/oec-20260805.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-053413

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