Orion Engineered sees FY24 adjusted EPS $1.65-$1.75, consensus $1.82

“We are revising our 2024 guidance for the year to an Adjusted EBITDA range of $305 million to $315 million and an Adjusted Diluted EPS range of $1.65 per share to $1.75 per share. Free cash flow is now likely to be negative $35 million this year, before impact from the fraud event and its related tax benefit.” Corning Painter, Orion’s Chief Executive Officer stated.