05:12 AM EDT, 05/03/2024 (MT Newswires) -- Orion (OEC) reported Q1 adjusted profit late Thursday of $0.52 per diluted share, down from $0.74 a year earlier.

Five analysts polled by Capital IQ expected $0.48.

Net sales for the quarter ended March 31 were $502.9 million, up from $500.7 million a year earlier.

Five analysts polled by Capital IQ expected $505.5 million.

For 2024, the company expects adjusted profit of $2.05 to $2.20 per share. Analysts polled by Capital IQ expect $2.16.