Business
Orion S.A. Reports Full Year 2025 and Fourth Quarter Earnings
HOUSTON, February 17, 2026--Orion S.A. (NYSE: OEC), a specialty chemical company, today reported full year 2025 Net sales of $1.8 billion in 2025, a 4% decrease from the prior year, consisting of a 7% decline in price, including the pass-through effect of lower oil prices, offset by a 2% increase in volume and favorable foreign currency translation. Historically high levels of lower-tier tire imports into the Western Hemisphere and persistently soft demand in key industrial end-markets including
About this update from Orion S.a.
[{"type":"text","content":"HOUSTON, February 17, 2026--(BUSINESS WIRE)--Orion S.A. (NYSE: OEC), a specialty chemical company, today reported full year 2025 Net sales of $1.8 billion in 2025, a 4% decrease from the prior year, consisting of a 7% decline in price, including the pass-through effect of lower oil prices, offset by a 2% increase in volume and favorable foreign currency translation. Historically high levels of lower-tier tire imports into the Western Hemisphere and persistently soft demand in key industrial end-markets including transportation and polymers pressured our results, particularly in the second half of 2025. In response, Orion has focused on mitigating actions, including cost rationalization, inventory reduction and other optimization efforts. The company generated a consolidated Net loss of $70 million, including the non-cash goodwill impairment charge of $81 million recognized in the third quarter, and Adjusted EBITDA of $248 million. We delivered operating cash flow of $216 million and free cash flow of $55 million for 2025.","length":1037,"tagName":"p"},{"type":"text","content":"Orion reported fourth quarter Net sales of $412 million, representing a 5% year over year decline due to a 4% decline in volume and a 6% decline in price, primarily due to the pass-through effect of lower oil prices, partially offset by 4% favorable foreign currency translation. The fourth quarter was impacted by historically high levels of tire imports into the Western Hemisphere and soft demand across key Specialty Carbon Black end markets, most notably transportation and polymers. Intensified mitigation actions during the fourth quarter included the rationalization of production from certain assets and working capital efforts. For the fourth quarter, Orion reported a Net loss of $21 million and Adjusted EBITDA of $55 million.","length":738,"tagName":"p"},{"type":"text","content":"Considering the current backdrop and macro uncertainty, Orion is taking additional steps intended to deliver stable earnings and to generate cash that will be used for debt reduction, including the following:","length":208,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Reducing growth capital expenditures ("capex") to align with emerging end-market growth prospects","length":107,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"...