Filing Flows › Orion S.A. (OEC) › Q1 2025
Orion S.A. (OEC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Orion S.A. (OEC) reported revenue of $478M for the first quarter 2025 (Q1 2025), -5% from a year earlier and +10% from the quarter before. Operating margin was 6.5%, net earnings $9.1M (1.9% of revenue).
Orion S.A., Q1 2025: revenue $478M (-5% year over year), operating margin 6.5%, net earnings $9.1M, operating cash flow $400K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $478M | +10% | -5% |
| Gross profit | $98.1M | +10% | -20% |
| Operating profit | $31.2M | +32% | -41% |
| Net earnings | $9.1M | -47% | -66% |
| Operating cash flow | $400K | -100% | -99% |
What changed
Revenue was $477.7M in Q1 2025, down 5% year over year and up 10% from the previous quarter.
Gross margin was 20.5%, down 3.8 points from a year earlier. Operating profit was $31.2M, a 6.5% margin (down 4.0 points year over year). Operating expenses fell 4% while revenue fell 5%. The fastest-growing cost line was Other operating costs (+46%). Net earnings were $9.1M, down 66% year over year. The effective tax rate was 49.4%.
Operating cash flow was $400K (down 99% year over year), 4% of net earnings. Non-cash charges added back $31.5M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $42.9M. Capital expenditures of $29.2M exceeded it, leaving free cash flow of −$28.8M.
Questions
What was Orion S.A.'s revenue in the first quarter 2025?
Orion S.A.
Was Orion S.A. profitable in the first quarter 2025?
Operating profit was $31.2M (6.5% of revenue) and net earnings $9.1M.
Source: Orion S.A. 10-Q on SEC EDGAR.