Orion S.A. Declares Dividend & Reports Strong Financial Growth

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.