Orion (OEC)
Produces reinforcing and specialty carbon black for tires, polymers, coatings and battery electrodes.
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Two segments split roughly two-thirds tire-reinforcing carbon black and one-third specialty grades for polymers, coatings, printing inks and battery electrodes. Manufacturing spans plants on five continents, including the only major carbon-black site in Sub-Saharan Africa, with a new US plant under construction for lithium-ion battery additives.
Two segments: Rubber Carbon Black, reinforcing grades for tires and mechanical rubber goods including low-rolling-resistance ECORAX blends; and Specialty Carbon Black, additives that pigment, UV-protect or electrically conduct in polymers, coatings, inks and battery electrodes. Rubber contributes roughly two-thirds of revenue.
The Cologne-area production site has operated continuously since 1862, the industry's longest such run, while the corporate entity behind the ticker is far newer — carved out of Evonik in 2011 and listed on the NYSE in 2014.
Manufacturing spans plants on five continents, including the only major carbon-black site in Sub-Saharan Africa, with a new Texas plant under construction for battery conductive additives.
Rubber-segment volumes depend on Western tire-manufacturing output, which import competition has recently pressured.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 8, 2026 | UBS | Reiterate | Rating: —Target: $6.50 | Target: $7.50 |
| Feb 18, 2026 | UBS | Reiterate | Rating: —Target: $6 | Target: $6.50 |
| Feb 18, 2026 | Mizuho Securities | Target | Target: $6 | Target: $5.25 |
| Jan 12, 2026 | UBS | Reiterate | Rating: —Target: $7 | Target: $6 |
| Oct 20, 2025 | Mizuho Securities | Target | Target: $7 | Target: $6 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $50.8M · Total debt $1.01B · Total assets $1.99B · Shareholders' equity $380.3M
- Revenue
- $500.9M
- Operating income
- $21.3M
- Net income
- $1.8M
HistoryDividendAnnual yieldUpcoming
| Institutions | 96.40% | 54.49M shares | |
|---|---|---|---|
| 191 holders · as of Jun 30, 2026 | |||
| Insiders | 1.84% | 1.04M shares | |
| 13 holders · as of Jun 30, 2026 | |||
| Other | 1.76% | 990.7K shares | |
| remainder | |||
56.52M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Pzena Investment Management LLCInstitution | 8.44% | 4.77M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.44% | 4.21M | as of Jun 30, 2026 |
Divisar Capital Management LLCInstitution | 5.99% | 3.38M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 5.67% | 3.20M | as of Jun 30, 2026 |
Victory Capital Management Inc.Institution | 5.47% | 3.09M | filed Feb 9, 2018 |
Insider tradesForm 4
No open-market trades in the last 12 months.
