Orion Engineered reports Q4 adjusted EPS 23c, consensus 17c

Reports Q4 revenue $462.1M, consensus $441.8M. "The fourth quarter capped a great year. Full year revenues grew 31 percent from 2021 with record Adjusted EBITDA of $312 million, up 16 percent," said Corning Painter, Orion’s chief executive officer. "The team achieved this despite high inflation, uncertain energy supplies, significantly adverse foreign exchange rates, and the war in Ukraine. More importantly, we have positioned ourselves to thrive in 2023 with what we believe will be sustained higher rubber carbon black margins. It should be a pivotal year for Orion and our shareholders."