OEC · Orion S.A.
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Orion's Q2 2026 adjusted EBITDA rose 26% sequentially to $58 million, driven by a 96% year-over-year surge in Specialty segment EBITDA, while Rubber segment EBITDA fell 61% year-over-year on lower 2026 contract pricing. The company reaffirmed its full-year adjusted EBITDA guidance of $170–$210 million and raised its full-year free cash flow outlook by $43 million at the midpoint to slightly positive, supported by working capital initiatives that more than offset a ~$60 million oil-driven feedstock headwind.
- + Full-year free cash flow guidance was raised by $43 million at the midpoint to a range of negative $10 million to positive $20 million.
- + Working capital initiatives delivered a $4 million cash source in Q2, more than offsetting an estimated $60 million oil-driven feedstock headwind from oil averaging about 29% higher sequentially.
- − Rubber segment adjusted EBITDA fell 61% year-over-year to $19 million due to lower 2026 contract pricing, unfavorable customer mix and an inventory draw absorption impact.
- − Tire production rates remain below historical norms in key regions, and local tire production is constrained by elevated imports and residual surplus channel inventories.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Diluted EPS non-GAAP | $0.03 | Six Months Ended June 30 | — |
| Adjusted EBITDA non-GAAP | $104.3M | Six Months Ended June 30 | — |
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| Adjusted EBITDA (Trailing twelve months) non-GAAP | $217.3M | June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted EBITDA Trailing twelve months as of December 31, 2025 $248M
-$135M Less: Adjusted EBITDA as of June 30, 2025
+$104.3M Add: Adjusted EBITDA as of June 30, 2026
= Adjusted EBITDA (Trailing twelve months) $217.3M
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| Adjusted EBITDA Rubber Carbon Black non-GAAP | $19.2M | Three Months Ended June 30, 2026 | — |
| Adjusted EBITDA Specialty Carbon Black non-GAAP | $39M | Three Months Ended June 30, 2026 | — |
| Adjusted Net income non-GAAP | $1.8M | Six Months Ended June 30 | — |
| Capital expenditures | $25M | Q2 2026 | — |
| Change in Cash from Working capital non-GAAP | -$49.6M | Six Months Ended June 30 | — |
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| EBITDA non-GAAP | $98.3M | Six Months Ended June 30 | — |
| Effective income tax rate | 65.4% | Three Months Ended June 30, 2026 filing | — |
| Free cash flow non-GAAP | -$46.6M | Six Months Ended June 30 | — |
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| Liquidity | $178M | Q2 2026 | — |
| Net debt | $960.7M | June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total gross debt $1.01B
-$50.8M Less: Cash and cash equivalents
= Net debt $960.7M
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| Net leverage ratio non-GAAP | 4.4 | June 30, 2026 | — |
| Operating cash flow | $27M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Chemicals — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
OEC
this stock
Orion S.A.
|
$332.92M | +9.7% | -3.8% | — | 4.2% |
|
LIN
Linde PLC
|
$216.61B | +12.5% | +3.0% | 30.3 | 1.3% |
|
AIQUF
L Air Liquide SA /Fi
|
$121.25B | +0.7% | — | — | 0.0% |
|
SHW
Sherwin Williams Co
|
$79.89B | -1.4% | +2.1% | 30.4 | 2.6% |
|
ECL
Ecolab Inc.
|
$78.35B | +4.3% | +2.2% | 37.5 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| OEC | -1.7% | -3.0% | -17.5% | +3.0% | +9.7% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -1.5% | -2.6% | -29.7% | +2.1% | -3.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.