Orion Engineered Carbons Discusses Its Growth Strategy and Financial Targets
HOUSTON–(BUSINESS WIRE)–Orion Engineered Carbons (NYSE: OEC), a specialty chemical company, will host its 2022 Investor Day today in New York. CEO, Corning Painter, and other members of the executive team will provide an in-depth review of the company’s growth strategy and financial targets. The live event will begin at 1:00 p.m. EDT and will be webcasted to the public.
“We are at an inflection point in our history as a public company and are well positioned to thrive as we leverage our leadership in innovation, sustainable solutions and growth investments. These drivers should result in substantial increases in cash flow and shareholder value,” Painter said.
Key themes at the event:
- Defining the company’s strategy to accelerate growth.
- Investing in higher margin opportunities to expand financial returns.
- Elevating Orion’s position in the industry as the leader in innovation and sustainability.
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Providing a roadmap towards achievable mid-cycle financial performance.
- 2025 Mid-cycle Adjusted EBITDA capacity of ~$500 million.
- Cumulative 2023-2025 discretionary free cash flow of ~$700 million to ~$800 million.
To listen to the live webcast, please visit the Orion’s investor site at https://orion-engineered-carbons-investor-day.open-exchange.net/registration. A replay of the webcast will be available on the website following the event.
About Orion Engineered Carbons
Orion Engineered Carbons (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, high-performance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability, and add UV protection. Orion has innovation centers on three continents and 14 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.
Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time, and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or other information, other than as required by applicable law.
Contacts
Wendy Wilson
Orion Engineered Carbons
Head of Investor Relations
wendy.wilson@orioncarbons.com
+1 281-974-0155
William Foreman
Orion Engineered Carbons
Director of Corporate Communications and Government Affairs
william.foreman@orioncarbons.com
Direct: +1 832-445-3305
Mobile: +1 281-889-7833
