Orion S.A. Announces Preliminary Full Year 2024 Update
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Orion S.A. (NYSE: OEC) has announced a preliminary financial update for fiscal year 2024, expecting adjusted EBITDA to fall slightly below the $305-$315 million guidance range due to foreign exchange impacts and one-time cost reduction expenses.
January 15, 2025 | 10:00 pm
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Orion S.A. expects its 2024 adjusted EBITDA to be slightly below the guidance range due to foreign exchange impacts and costs from a reduction plan.
The announcement of adjusted EBITDA being below the guidance range is likely to negatively impact investor sentiment, leading to a potential short-term decrease in stock price. The reasons cited include foreign exchange impacts and one-time costs, which are significant factors for investors.
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