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Orion S.A. (NYSE:OEC), a global specialty chemicals company, today announced a preliminary unaudited financial update for its fiscal third quarter ending September 30, 2025, and the company adjusted its full year 2025 guidance. The company also announced it will release actual third quarter 2025 results after the market closes on Tuesday, Nov. 4, 2025, to be followed by a conference call on Wednesday, Nov. 5, 2025, at 8:30 a.m. (ET). Call dial-in details are provided below.
Key points:
Orion expects its third quarter 2025 adjusted EBITDA will be around $55 million, pending any late accounting adjustments, and its full year 2025 adjusted EBITDA is now expected to be in the $220-$235 million range. Third quarter results were impacted by lower Western market Rubber volumes, an oil price-driven inventory revaluation, inventory drawdown efforts which affected fixed cost absorption, and adverse Specialty mix.
"Reflecting the continued weakness in Western tire industry manufacturing rates due to elevated imports, we have tactically opted to reduce our production levels, reflecting our intensified focus on free cash flow generation. While beneficial from a cash perspective, these efforts have had an offsetting penalty to our P&L in the form of lower absorption variances, incrementally contributing to the lower third quarter 2025 adjusted EBITDA results and our revised full year outlook," said Corning Painter, Orion's Chief Executive Officer. "We continue to believe the evolving global trade paradigm, including U.S. tariff policy, will ultimately be a positive for our business with its inherently more regional footprint, but this has not been the case for 2025." Painter continued, "Considering the macroeconomic uncertainty, our strategic focus has shifted to navigating what many executives across the chemical industry expect could be a lower-for-longer industrial manufacturing backdrop. In light of this, our number one priority currently is generating free cash flow for debt reduction. Considering substantial progress on working capital initiatives during the third quarter, and despite the reduced full year adjusted EBITDA expectations, we still expect to generate positive free cash flow this year. Building upon this achievement, we will be introducing additional cost measures to bolster our earnings progression and cash flow generation in 2026."
Note: The expected third quarter financial results conveyed in this release are preliminary and unaudited, have not been reviewed by the Company's independent registered public accountants, and remain subject to the completion of normal quarter accounting procedures and adjustments, and are therefore subject to change.
Posted In: OEC
