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Orion Engineered (OEC)
NYSE:OEC
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -11.69%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with several positive developments, such as adjusted EBITDA growth and improved profitability metrics, alongside challenges like volume declines and market softness. The company is optimistic about 2025 with expected improvements in free cash flow and specialty segment performance, despite current demand challenges.Company Guidance
During the Orion Q3 2024 earnings call, the company shared several key metrics and guidance updates. Adjusted EBITDA for the quarter reached $80 million, representing a 7% sequential improvement and a 4% increase year-over-year. Despite a 3% sequential and 8% year-over-year decline in overall company volumes, the Rubber segment's gross profit per ton improved by 6% year-over-year. The company highlighted a $20 million swing expected from the Huaibei plant in the coming years, with approximately $10 million of that anticipated to materialize in 2025. Additionally, Orion plans to reduce capital expenditures by $30 million in 2025, with further reductions projected for 2026. The company also anticipates improved free cash flow and aims to decrease its leverage ratio to the target range of 2x to 2.5x within the next 12 to 24 months. Orion expressed optimism about its 2025 prospects, citing positive outcomes from recent contract negotiations and anticipated volume growth in the Rubber segment.Adjusted EBITDA Growth
Adjusted EBITDA of $80 million, a 7% sequential improvement and 4% higher year-over-year, despite a decline in overall company volumes.
Improved Gross Profit Per Ton
Rubber segment gross profit per ton improved by 11% year-over-year and 4% sequentially, driven by better absorption and manufacturing performance.
Positive Specialty Segment Outlook
Specialty segment volume is expected to improve in 2025 with favorable pricing and mix, aided by debottlenecking and new plant contributions.
Reduced Capital Expenditure
CapEx is expected to decline by $30 million in 2025 and a further $50 to $60 million in 2026, focusing on maintenance and specialty projects.
Anticipated Free Cash Flow Improvement
With reduced capital spending and higher expected EBITDA, free cash flow is poised to improve sharply.
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OEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $16.42 | $15.65 | -4.69% |
| Aug 01, 2024 | $23.01 | $17.86 | -22.38% |
| May 02, 2024 | $24.17 | $23.53 | -2.65% |
| Feb 14, 2024 | $23.14 | $23.44 | +1.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Orion Engineered (OEC) report earnings?
Orion Engineered (OEC) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Orion Engineered (OEC) earnings time?
Orion Engineered (OEC) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OEC EPS forecast?
OEC EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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