Orion S.A. reports Q1 adjusted EPS 22c, consensus 43c

Reports Q1 revenue $477.7M, consensus $485.64M. “First quarter results were affected by costs from unplanned plant downtime, as well as timing items including raw material pass-throughs. Collectively, these factors masked an otherwise much stronger underlying business performance. The normalization of timing items coupled with ongoing operational improvements set up for a sequentially better second quarter, absent any pronounced deterioration in the macro backdrop,” said Corning Painter, CEO.