Orbia (ORBIA) Q3 2026 earnings summary

Executive summary

• Q3 net sales were $2.196B, up 12% YoY; EBITDA rose 12% to $332M and margin expanded 10 bps to 15.1%.

• Growth across all business groups; Connectivity Solutions and Fluor & Energy Materials led EBITDA gains, while Polymer Solutions and Precision Agriculture declined.

• Uneven demand, higher input costs, currency volatility and rising interest rates weighed on construction, housing and European operations.

Financial highlights

• Revenue was $2.196B versus $1.966B in Q3 2025 and $2.352B in Q2 2026; EBITDA was $332M versus $295M and $271M, respectively.

• Operating cash flow was $245M, down $26M YoY, and free cash flow was $130M, down $14M, reflecting higher working capital and taxes paid.

• Operating income rose 24% to $161M; majority net income was $38M versus a $120M loss YoY, which included a $66M loss on sale of a business.

• Capital expenditures were $79M, down $7M YoY, for maintenance and targeted growth initiatives.

• 9M net sales rose 13% to $6.511B, operating income increased 81% to $560M and EBITDA grew 34% to $1.059B.

Outlook and guidance

• FY 2026 EBITDA guidance is ~$1.25B; CapEx guidance is ~$400M, focused on safety, asset integrity and selective growth, particularly in Fluor & Energy Materials. Effective tax rate guidance is 27%–32%.

• Connectivity Solutions expects sustained demand from telecom expansion and U.S. AI and data-center investment, with pricing discipline, mix and utilization supporting margins.

• Precision Agriculture expects stronger seasonal demand, supported by Africa projects, Peru and U.S. demand, improving markets and new-product ramps.

• Fluor & Energy Materials expects favorable fluorine pricing and mix to be partly offset by seasonal volumes, higher input and logistics costs, and the absence of temporary medical propellant life-cycle benefits.

• Polymer Solutions and Water & Climate Solutions expect soft or challenging demand and pricing pressure; Polymer Solutions also faces higher European input costs and Mexican derivatives operating challenges.