Orion SA
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
OEC$4.05+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In millions, except share and per share data) | |||
| Net sales | $1,893.9 | $2,030.9 | $1,546.8 |
| Cost of sales | 1,442.9 | 1,582.1 | 1,160.2 |
| Gross profit | 451.0 | 448.8 | 386.6 |
| Selling, general and administrative expenses | 221.9 | 227.1 | 210.4 |
| Research and development costs | 24.5 | 21.7 | 22.0 |
| Gain related to litigation settlement | — | — | (82.9) |
| Other expenses/(income) | (0.7) | 2.9 | 8.6 |
| Income from operations | 205.3 | 197.1 | 228.5 |
| Interest and other financial expense, net | 50.9 | 39.9 | 38.0 |
| Reclassification of actuarial (gains)/losses from AOCI | (8.9) | — | 4.8 |
| Income before earnings in affiliated companies and income taxes | 163.3 | 157.2 | 185.7 |
| Income tax expense | 60.3 | 51.5 | 51.7 |
| Earnings in affiliated companies, net of tax | 0.5 | 0.5 | 0.7 |
| Net income | $103.5 | $106.2 | $134.7 |
| Weighted-average shares outstanding (in thousands): | |||
| Basic | 58,995 | 60,902 | 60,708 |
| Diluted | 59,980 | 61,378 | 60,951 |
| Earnings per share | |||
| Basic | $1.75 | $1.74 | $2.22 |
| Diluted | $1.73 | $1.73 | $2.21 |
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