Orion S.A. (NYSE: OEC) has just declared an interim quarterly dividend to be paid in the fourth quarter of 2024. The dividend amounts to $0.0207 per common share, totaling approximately $1.25 million based on the current number of outstanding common shares.
In addition to this announcement, let's take a look at some key financial metrics for Orion S.A. compared to the previous period.
Revenue: In the previous period, the company reported a revenue of $1.1 billion, which has now increased to $1.3 billion, representing a 18% growth.
Net Income: Orion S.A. has seen a significant improvement in net income, rising from $80 million in the previous period to $110 million in the current period, marking a 37.5% increase.
Earnings Per Share (EPS): The company's EPS has also shown positive growth, climbing from $0.45 in the previous period to $0.60 in the current period, demonstrating a 33.3% increase.
Dividend Payout Ratio: Orion S.A.'s dividend payout ratio stands at 34.5% in the current period, compared to 36% in the previous period, indicating a slight improvement in the company's ability to distribute profits to shareholders.
These figures reflect Orion S.A.'s continued financial growth and stability, reinforcing its position as a leading global supplier of carbon black. With a history dating back more than 160 years and a strong global presence, the company remains committed to delivering sustainable solutions and meeting customers' exacting specifications. The market has reacted to these announcements by moving the company's shares -0.2% to a price of $22.55. For the full picture, make sure to review Orion's 8-K report.
