OEC - Orion Engineered Carbons raises its Q4 earnings guidance stock up 14% AH

Orion Engineered Carbons (OEC) lifts its Q4 Adj. EBITDA guidance to the range of $64-$67M, from its previous $44-$55M guidance.The company attributed this guidance raise to its specialty carbon black business unit, driven by "considerably higher volumes, which rose low-double digits sequentially""We also experienced slightly less seasonality than anticipated in our rubber carbon black business where volumes declined mid-single digits sequentially. These trends are an indication that our customers restocked their inventories, to some degree during the quarter, to better manage their supply chains......our current order book indicates a strong January and we expect robust demand as the global economy recovers," says CEO Corning Painter.The company expects to provide further information on its Q4 and FY20 after the market closes on Feb. 18, 2021.Shares are up 13.90% AH.Source: Press Release"Energy Stocks Start The New Year Strong But Remain Very Undervalued," writes Seeking Alpha Marketplace contributor HFIR.

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Orion Engineered Carbons raises its Q4 earnings guidance, stock up 14% AH