Quarterly ResultAug 5, 2026, 04:38 PM
Orion Q2 Net Sales $501M; Adj. EBITDA $58M, FCF Guidance Raised
AI Summary
Orion S.A. reported second quarter 2026 net sales of $501 million, a 7% increase year-over-year, driven by higher oil prices and favorable foreign currency, despite lower pricing and volumes in the Rubber Carbon Black segment. Consolidated Net income was $2 million, a decrease from the prior year, while Adjusted EBITDA improved 26% sequentially to $58 million. The company reaffirmed its full-year Adjusted EBITDA guidance and raised its full-year free cash flow guidance, citing strong execution on working capital initiatives.
Key Highlights
- Net sales for Q2 2026 increased 7% year-over-year to $501 million.
- Consolidated Net income for Q2 2026 was $2 million, down from $9 million in Q2 2025.
- Adjusted EBITDA for Q2 2026 was $58 million, a 26% sequential improvement.
- Specialty Carbon Black segment Net sales rose 17% to $184.8 million, with Adjusted EBITDA up 96% to $39.0 million.
- Rubber Carbon Black segment Net sales increased 3% to $316.1 million, but Adjusted EBITDA decreased 61% to $19.2 million.
- Operating cash flow was $27 million and free cash flow was $2 million for Q2 2026.
- Full-year 2026 Adjusted EBITDA guidance reaffirmed at $170 million to $210 million.
- Full-year 2026 Free Cash Flow guidance raised to -$10 million to +$20 million.
Price Impact
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