Quarterly ResultMay 6, 2026, 05:12 PM
Orion Q1 Net Loss $(9.9)M; Income from Operations Down 63.5%
AI Summary
Orion S.A. reported a net loss of $(9.9) million for the first quarter of 2026, a significant decline from a net income of $9.1 million in the prior year period. Net sales decreased by 3.8% to $459.5 million, primarily due to the pass-through effect of lower oil prices and unfavorable price/product mix, despite a 1.9% increase in volume. Income from operations fell by 63.5% to $11.4 million, largely driven by unfavorable product and regional mix, and timing effects from raw material costs.
Key Highlights
- Orion reported a net loss of $(9.9) million in Q1 2026, compared to net income of $9.1 million in Q1 2025.
- Basic EPS was $(0.18) in Q1 2026, down from $0.16 in Q1 2025.
- Net sales decreased 3.8% to $459.5 million in Q1 2026.
- Income from operations declined 63.5% to $11.4 million in Q1 2026.
- Adjusted EBITDA decreased to $46.1 million in Q1 2026 from $66.2 million in Q1 2025.
- Volume increased 1.9% to 256.5 kmt in Q1 2026, driven by EMEA and APAC demand.
- Rubber Carbon Black net sales were $289.8 million, Specialty Carbon Black net sales were $169.7 million.
- Net cash used in operating activities was $(12.4) million in Q1 2026.
Price Impact
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