CORRECTION: Orion Expects 2023 Results To Land At Lower End Of Adj. EBITDA Guidance Range Of $330M-$350M
Portfolio Pulse from Benzinga Newsdesk
Orion Engineered Carbons S.A. (OEC) anticipates its 2023 results to be at the lower end of its previously provided adjusted EBITDA guidance range of $330 million to $350 million.
January 22, 2024 | 9:37 pm
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Orion Engineered Carbons S.A. expects its 2023 adjusted EBITDA to be at the lower end of the $330M-$350M guidance range.
The company's expectation of landing at the lower end of the guidance range suggests that performance may not meet investor expectations, which could lead to negative sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100