HOUSTON–(BUSINESS WIRE<\/a>)– \nDuring the quarter, Orion generated a consolidated Net income of $2 million and Adjusted EBITDA of $58 million, a 26% sequential improvement. Demand trends that strengthened late in the first quarter continued throughout the second quarter, particularly in our higher-margin Western regions, and helped more than offset softer conditions in Asia.<\/p>\n \nStrong execution on working capital initiatives coupled with normal seasonal improvement contributed to second quarter operating cash flow of $27 million and free cash flow of $2 million despite higher average oil-derived feedstock costs.<\/p>\n Other Highlights<\/span><\/b><\/p>\n \n\u201cOur second quarter Adjusted EBITDA of $58 million represents a 26% sequential improvement and reflects the inherent resilience of our business. We remain on track to achieve our full year earnings expectations. I continue to be proud of our team\u2019s responsiveness, agility and overall dedication to execution, especially considering the dynamic backdrop including the Middle East conflict. Building on these encouraging Q2 results, we are intensifying our focus on a variety of initiatives to drive improvement in Orion\u2019s key financial metrics, most notably earnings and free cash flow,\u201d stated Corning Painter, Chief Executive Officer.<\/p>\n \n\u201cThe company\u2019s overall sequential improvement was led by our Specialty segment, which delivered 44% higher Adjusted EBITDA compared to the first quarter. This segment\u2019s recovery was most pronounced in the EMEA region, reflecting good demand for our high-margin premium products, overcoming moderating Asia regional demand trends in the quarter,\u201d continued Painter. \u201cEncouragingly, our sequential progress was without our Rubber segment seeing any meaningful benefit, yet, from recently implemented duties in the EU and 232 tariffs in the U.S., which we continue to believe \u2013 and our customers believe \u2013 will ultimately support local tire manufacturing rates in these key western regions.\u201d<\/p>\n \n\u201cWe are making good progress on our working capital initiatives. The team\u2019s efforts in working capital made the difference in our cash flow performance during the second quarter, offsetting the headwind of higher average oil prices to generate a modest source of cash, which exceeded our prior expectations for the quarter. Positive cash flow generation for debt reduction remains our most important financial priority,\u201d added Jon Puckett, Chief Financial Officer.<\/p>\n Second Quarter 2026 Overview:<\/b><\/p>\n
\nOrion S.A. (NYSE: OEC), a specialty chemical company, today reported Second Quarter 2026 Net sales of $501 million, a 7% improvement from the prior year, as 9% higher average year-over-year oil prices and 2% favorable foreign currency translation were partly offset by 2% lower pricing, 1% reduced volumes and adverse product mix in the Rubber Carbon Black segment.<\/p>\n\n