Associated tags: Carbon, OEC, Orion, Plant, Ink, Plastic, NYSE
Locations: NEW YORK, ORION, OHIO, EUROPE, ESPOO, FI, FRANCE, FINLAND, EU, POLAND, COLOGNE, SR, FM, LT, LAPORTE, UNITED STATES, NORTH AMERICA, NEBRASKA, BS, TEXAS, HOUSTON, TX, US
Retrieved on:
Wednesday, August 9, 2023
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Bank Rubber Carbon Black segment volume declined by 18.0 kmt, or 9.4%, year over year due to the global economy slowdown.
Key Points:
- Rubber Carbon Black segment volume declined by 18.0 kmt, or 9.4%, year over year due to the global economy slowdown.
- As of June 30, 2023, the company net debt was $782.7 million and EBITDA to debt ratio was 2.34 times.
- We are now setting our 2023 Adjusted EBITDA guidance range to be $320 million to $350 million, up seven percent at the midpoint, compared with our record 2022 results.
- As previously announced, Orion will hold a conference call tomorrow, Thursday, August 10, 2023, at 8:30 a.m. (EDT).
Professional Services,
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Airline SunWorks Landscape Partners (“SunWorks”), a national commercial landscaping business backed by Orion Group ("Orion"), announced today that it has partnered with Top Notch Lawn Care ("Top Notch"), a leading commercial landscape maintenance provider based in Melbourne, FL.
Key Points:
- SunWorks Landscape Partners (“SunWorks”), a national commercial landscaping business backed by Orion Group ("Orion"), announced today that it has partnered with Top Notch Lawn Care ("Top Notch"), a leading commercial landscape maintenance provider based in Melbourne, FL.
- Top Notch is SunWorks’ seventh partner company in the commercial landscaping industry.
- SunWorks partners with exceptional founder and family-owned businesses and provides resources to help fuel their next chapters of growth.
- We are excited to support their continued growth in central Florida," said Nate Carlson, CEO of SunWorks.
Orion,
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Seizure,
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CDKL5 deficiency disorder,
Genetic disorder,
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EU The European Commission has granted marketing authorisation in the European Union (EU) for Ztalmy® (ganaxolone) oral suspension for the adjunctive treatment of epileptic seizures associated with cyclin-dependent kinase-like 5 (CDKL5) deficiency disorder (CDD) in patients two to 17 years of age.
Key Points:
- The European Commission has granted marketing authorisation in the European Union (EU) for Ztalmy® (ganaxolone) oral suspension for the adjunctive treatment of epileptic seizures associated with cyclin-dependent kinase-like 5 (CDKL5) deficiency disorder (CDD) in patients two to 17 years of age.
- ZTALMY may be continued in patients 18 years of age and older.
- Ganaxolone is developed by Marinus Pharmaceuticals, Inc. and under a collaboration agreement Orion has the right to sell and market ZTALMY in Europe.
- Following the European Commission approval, Orion is focusing on making ZTALMY available for patients in Europe and has pricing and reimbursement processes planned or underway in Europe.
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Pharmaceutical industry,
Fever Marinus Pharmaceuticals , Inc. (Nasdaq: MRNS), a pharmaceutical company dedicated to the development of innovative therapeutics to treat seizure disorders, today announced that the European Commission (EC) has granted approval of ZTALMY® (ganaxolone) oral suspension for the adjunctive treatment of epileptic seizures associated with cyclin-dependent kinase-like 5 (CDKL5) deficiency disorder (CDD) in patients two to 17 years of age.
Key Points:
- Marinus Pharmaceuticals , Inc. (Nasdaq: MRNS), a pharmaceutical company dedicated to the development of innovative therapeutics to treat seizure disorders, today announced that the European Commission (EC) has granted approval of ZTALMY® (ganaxolone) oral suspension for the adjunctive treatment of epileptic seizures associated with cyclin-dependent kinase-like 5 (CDKL5) deficiency disorder (CDD) in patients two to 17 years of age.
- ZTALMY may be continued in patients 18 years of age and older.
- In the Marigold open label extension study, patients treated with ZTALMY for at least 12 months (n=48) experienced a median 49.6% reduction in major motor seizure frequency.
- In July 2021, Marinus and Orion Corporation entered into a collaboration agreement which grants Orion the right to commercialize ZTALMY in Europe.
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Renewable energy Orion S.A. (NYSE: OEC), a global specialty chemicals company, today released its 2022 Sustainability Report that highlights a variety of initiatives, including launching four new sustainable products, conducting a Scope 3 greenhouse gas emissions inventory and nearing the completion of a massive air emissions control project.
Key Points:
- Orion S.A. (NYSE: OEC), a global specialty chemicals company, today released its 2022 Sustainability Report that highlights a variety of initiatives, including launching four new sustainable products, conducting a Scope 3 greenhouse gas emissions inventory and nearing the completion of a massive air emissions control project.
- The company will fulfill its commitments before several competitors despite that it has more production sites in the U.S.
“All of us at Orion can look back at the past five years and feel an extreme amount of pride,” Orion CEO Corning Painter said.
- The 2022 Sustainability Report covers how the company continues to be a leading innovator, launching four sustainable products last year for the rubber industry: ECORAX® Circular 210, 215, 220 and ECORAX® Nature 200.
- “Orion as well as our customers are serious about making their raw materials fully sustainable.
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Cryptocurrency HOUSTON, July 26, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the second quarter ended June 30, 2023.
Key Points:
- HOUSTON, July 26, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the second quarter ended June 30, 2023.
- “Our second quarter performance was a significant improvement over our first quarter results and reflected the progress our team is making in executing our strategy to achieve long-term growth and value creation,” said Travis Boone, Chief Executive Officer of Orion Group Holdings.
- EBITDA for the second quarter of 2023 was $7.6 million, representing a 4.2% EBITDA margin, as compared to EBITDA of $3.3 million, or a 1.7% EBITDA margin in the second quarter last year.
- Orion Group Holdings will host a conference call to discuss results for the second quarter 2023 at 9:00 a.m. Eastern Time/8:00 a.m. Central Time on Thursday, July 27, 2023.
HOUSTON, July 17, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company"), a leading specialty construction company, today announced that it will issue its financial results for the second quarter ended June 30, 2023 on Wednesday, July 26, 2023, after the close of the stock market.
Key Points:
- HOUSTON, July 17, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company"), a leading specialty construction company, today announced that it will issue its financial results for the second quarter ended June 30, 2023 on Wednesday, July 26, 2023, after the close of the stock market.
- A conference call and audio webcast with analysts and investors will be held the next day, July 27, at 8:00 a.m. Central Time to discuss the results and answer questions.
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Consumer electronics Orion S.A. (NYSE: OEC), a specialty chemical company, today announced that the company will release its second quarter 2023 results after the market closes on Wednesday, Aug. 9, 2023, to be followed by a conference call on Thursday, Aug. 10, 2023, at 8:30 a.m. (EDT).
Key Points:
- Orion S.A. (NYSE: OEC), a specialty chemical company, today announced that the company will release its second quarter 2023 results after the market closes on Wednesday, Aug. 9, 2023, to be followed by a conference call on Thursday, Aug. 10, 2023, at 8:30 a.m. (EDT).
- The dial-in details for the live conference call are as follow:
A replay of the conference call may be accessed by phone at the following numbers through Thursday, Aug. 17, 2023:
Interior Design,
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Industrial design Orion Group (“Orion”), a commercial and industrial field services company backed by Alpine Investors (“Alpine”), today announced that it has partnered with CS Hudson – a leading interior services facilities maintenance company based in Hauppauge, NY.
Key Points:
- Orion Group (“Orion”), a commercial and industrial field services company backed by Alpine Investors (“Alpine”), today announced that it has partnered with CS Hudson – a leading interior services facilities maintenance company based in Hauppauge, NY.
- View the full release here: https://www.businesswire.com/news/home/20230707691687/en/
As Orion’s sixth investment in the facilities maintenance industry, the partnership with CS Hudson stems from Orion’s ongoing mission to develop a national facilities maintenance business by partnering with exceptional founder-owned facility service businesses and providing resources to fuel their next chapters of growth.
- “CS Hudson has an excellent reputation as a trusted advisor on its customers’ toughest facilities maintenance challenges and for timely, dependable service.
- It offers a comprehensive range of 40+ reactive and scheduled facility maintenance services, including handyman, plumbing, electrical, remediation, and other interior facilities services across the country.
HOUSTON, June 26, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced two real estate sale-leaseback transactions for a total value of $20.3 million.
Key Points:
- HOUSTON, June 26, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced two real estate sale-leaseback transactions for a total value of $20.3 million.
- The Company entered into a sale-leaseback agreement for its Baytown Pipe Yard property in Baytown, Texas.
- Travis Boone, Chief Executive Officer of Orion Group Holdings, Inc., commented, “A key element of our strategic plan to improve our financial and operational performance has been to monetize our real estate assets.
- These transactions provide us with over $20 million to invest in growing Orion.
