Orion S.A.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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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.
Sep 30, 2025 · Filed Nov 4, 2025
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Accounts Receivable
Note B. Accounts Receivable
Accounts receivable, net of allowance for credit losses, are as follows:
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| (In millions) | ||
| Accounts receivable | $266.5 | $213.1 |
| Expected credit losses | (1.4) | (1.2) |
| Accounts receivable, net | $265.1 | $211.9 |
Accounts Receivable Factoring Facilities―For the three months ended September 30, 2025 and 2024 the gross amount of receivables sold were $103.7 million and $104.7 million, respectively. For the nine months ended September 30, 2025 and 2024 the gross amount of receivables sold were $331.9 million and $323.1 million, respectively.
For the three months ended September 30, 2025 and 2024 the loss on receivables sold was approximately $1.2 million and $1.3 million, respectively. For the nine months ended September 30, 2025 and 2024 the loss on receivables sold was approximately $3.8 million and $3.7 million, respectively.
In the Condensed Consolidated Statements of Operations, the loss on receivables sold is reflected in Other (income) expenses, net.
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