Orion SA
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
OEC$4.18+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements and Supplementary Data (Unaudited)
Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In millions, except share and per share data) | ||
| Net sales | $502.9 | $500.7 |
| Cost of sales | 380.7 | 364.3 |
| Gross profit | 122.2 | 136.4 |
| Selling, general and administrative expenses | 61.5 | 57.7 |
| Research and development costs | 6.6 | 6.2 |
| Other (income) expenses, net | 1.3 | (1.0) |
| Income from operations | 52.8 | 73.5 |
| Interest and other financial expense, net | 12.7 | 15.2 |
| Reclassification of actuarial gain from AOCI | — | (2.2) |
| Income before earnings in affiliated companies and income taxes | 40.1 | 60.5 |
| Income tax expense | 13.5 | 18.3 |
| Earnings in affiliated companies, net of tax | 0.1 | 0.1 |
| Net income | $26.7 | $42.3 |
| Weighted-average shares outstanding (in thousands): | ||
| Basic | 58,640 | 60,287 |
| Diluted | 59,229 | 60,623 |
| Earnings per share: | ||
| Basic | $0.46 | $0.70 |
| Diluted | $0.45 | $0.70 |
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