CEO Jack Clem Discusses Orion’s Carbon Black Opportunities with TheStreet.com

Publish Date:

Tuesday, August 9, 2016 3:44 pm CDT

News Organization:

TheStreet.com

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Shares of Orion Engineered Carbons (OEC) are deep in the black, up 37 percent year-to-date. And the company's CEO Jack Clem said he expects the good times to continue - and volumes to remain strong - in the second half of 2016 as well.

'We had spectacular performance from our specialities business in the second quarter and our rubber business saw substantial volume growth on the heels of our acquisition in China,' said Clem. 'As the economy improves, so should our volumes the rest of the year.' Last week, Orion reported its strongest results ever as a public company. The leading producer of specialty carbon black - used in coatings, polymers, and inks - and rubber carbon black - primarily used for tire manufacturing - reported second-quarter earnings of $18.6 million or $0.40 a share on sales of $280 million. Orion's results exceeded Wall Street expectations of $0.36 a share.



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Orion Engineered Carbons S.A.
6, Route de Trèves
L-2633 Senningerberg (Municipality of Niederanven)
Grand Duchy of Luxembourg
Phone: +352 270 48 06 0
investor-relations@orioncarbons.com

Orion Engineered Carbons LLC
4501 Magnolia Cove Drive Suite 106
Kingwood, TX 77345
Diana Downey
Vice President of Investor Relations
Phone +1 832-589-2285
diana.downey@orioncarbons.com

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