Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Orion Engineered Carbons SA    OEC   LU1092234845

ORION ENGINEERED CARBONS SA (OEC)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Orion Engineered Carbons S.A. : Announces Closing of Secondary Common Stock Offering

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 10:36pm CEST

Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or “Orion”), a worldwide supplier of specialty and high-performance Carbon Black, announced today the closing of the secondary offering of an aggregate 10,000,000 common shares of the Company by Kinove Luxembourg Holdings 1 S.à r.l. (“Kinove Holdings”) and certain other sellers, including current and former members of Orion’s management team, in an underwritten public offering, at a price to the public of $23.25. Kinove Holdings sold 9,076,696 common shares and the other selling shareholders sold the remaining 923,304 shares. The selling shareholders received all of the net proceeds from the sale of these shares.

In addition, the selling shareholders granted the underwriter a 30-day option to purchase up to an additional 1,500,000 common shares at the public offering price, less the underwriting discount.

Morgan Stanley & Co. LLC acted as the sole book-running manager for the offering.

The offering was made pursuant to an effective shelf registration statement, prospectus and prospectus supplement filed by the Company. The prospectus supplement and accompanying prospectus are available on the Securities and Exchange Commission’s website at: https://www.sec.gov/Archives/edgar/data/1609804/000119312517338962/d477146d424b7.htm. Alternatively, copies of the prospectus supplement and the accompanying prospectus may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department.

A registration statement relating to the Company’s common stock has been filed with the U.S. Securities and Exchange Commission and was declared effective on April 1, 2016. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Orion Engineered Carbons

Orion is a worldwide supplier of Carbon Black. We produce a broad range of Carbon Blacks that include high-performance Specialty Gas Blacks, Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires, and mechanical rubber goods such as automotive belts and hoses. Orion runs 14 global production sites and four Applied Technology Centers. The group has approximately 1,463 employees worldwide.

Forward-Looking Statements

This document contains certain forward-looking statements, including statements relating to the offering. These statements constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ORION ENGINEERED CARBONS S
09/05ORION ENGINEERED CARBONS : Announces Executive Transition; Jack Clem to Join Boa..
AQ
09/04ORION ENGINEERED CARBONS : Announces Executive Transition
BU
08/06ORION ENGINEERED CARBONS : Appointed Kerry Galvin to Board of Directors
BU
08/06ORION ENGINEERED CARBONS : Announces Second Quarter 2018 Financial Results
AQ
08/03ORION ENGINEERED CARBONS SA : to Host Earnings Call
AC
08/03ORION ENGINEERED CARBONS : 2Q Earnings Snapshot
AQ
08/02ORION ENGINEERED CARBONS S.A. : Announces Second Quarter 2018 Financial Results
BU
07/25ORION ENGINEERED CARBONS : to Present at the Jefferies 2018 Industrials Conferen..
BU
07/20Free Daily Technical Summary Reports on LyondellBasell Industries and Three O..
AC
07/19ORION ENGINEERED CARBONS : Announces Second Quarter 2018 Earnings Date and Confe..
BU
More news
News from SeekingAlpha
08/05Orion Engineered Carbons (OEC) CEO Jack Clem on Q2 2018 Results - Earnings Ca.. 
08/03Orion Engineered Carbons 2018 Q2 - Results - Earnings Call Slides 
08/03More on Orion Engineered Carbons Q2 results 
08/02Orion Engineered Carbons beats by $0.17, misses on revenue 
08/01Notable earnings after Thursday?s close 
Financials ($)
Sales 2018 1 556 M
EBIT 2018 206 M
Net income 2018 130 M
Debt 2018 583 M
Yield 2018 2,49%
P/E ratio 2018 14,42
P/E ratio 2019 13,37
EV / Sales 2018 1,61x
EV / Sales 2019 1,47x
Capitalization 1 926 M
Chart ORION ENGINEERED CARBONS SA
Duration : Period :
Orion Engineered Carbons SA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ORION ENGINEERED CARBONS S
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 37,6 $
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Corning F. Painter Chief Executive Officer
Dan F. Smith Chairman
Charles E. N. Herlinger Chief Financial Officer
Didier Miraton Independent Director
Hans-Dietrich Winkhaus Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ORION ENGINEERED CARBONS SA26.17%1 926
ECOLAB18.80%46 051
SIKA AG0.00%21 187
SYMRISE8.41%11 977
INDORAMA VENTURES PCL--.--%10 351
JOHNSON MATTHEY PLC19.45%9 289