Orion Engineered sees FY23 adjusted EBITDA at lower end of $330M-$340M outlook

The company stated: “With a slower recovery in end markets and downtime as a result of Orion’s final EPA project, the company expects 2023 results to land at the lower end of its Adjusted EBITDA guidance range of $330 million to $340 million. While demand is recovering, it is building slower than expected in many markets.”