Quarterly ResultMay 6, 2026, 05:02 PM
Orion S.A. Q1 Net Loss $10M; Raises FY26 Adjusted EBITDA Outlook
AI Summary
Orion S.A. reported a net loss of $10 million for the first quarter of 2026 on net sales of $460 million, a 4% decrease year-over-year. Despite a slow start to the quarter, demand picked up considerably in March, particularly in the Specialty business, leading to Q1 Adjusted EBITDA of $46 million, which was ahead of internal expectations. Consequently, the company increased its full-year 2026 Adjusted EBITDA guidance range to $170 million to $210 million, up from the previous $160 million to $200 million, citing earnings resilience during higher oil prices and strong order trends.
Key Highlights
- Orion S.A. increased its full-year 2026 Adjusted EBITDA guidance to $170M-$210M, up from $160M-$200M.
- First Quarter 2026 Net sales decreased 4% year-over-year to $460M.
- The company reported a consolidated Net loss of $10M for Q1 2026, compared to a Net income of $9.1M in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $46M, down from $66.2M in Q1 2025.
- Specialty Carbon Black Net Sales increased 6% to $170M, with Adjusted EBITDA up 7% to $27.1M.
- Rubber Carbon Black Net Sales decreased 9% to $290M, with Adjusted EBITDA down to $19.0M.
- Operating cash use was $12M and free cash outflow was $48M in Q1 2026.
- Net debt-to-trailing twelve-month Adjusted EBITDA ratio stood at 4.2x at quarter end.