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Olin Corporation Third Quarter 2024 Earnings Conference Call Announcement
Prnewswire· 2024-09-30 20:05
CLAYTON, Mo., Sept. 30, 2024 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced today that on Friday, October 25, 2024, at 9:00 a.m. Eastern time, Olin's senior management will review the company's third quarter 2024 financial results. Prepared remarks will be followed by a question and answer period. A press release, including financial statements and segment information, will be distributed after the market closes on Thursday, October 24, 2024, together with the associated slides. CONFERENCE CALL INFO ...
Olin Corporation Lifts Systemwide Force Majeure for Chlor-Alkali Products
Prnewswire· 2024-08-28 12:30
CLAYTON, Mo., Aug. 28, 2024 /PRNewswire/ -- Olin Corporation (NYSE: OLN), a leading global manufacturer of chemical products and ammunition, announced today that it has lifted its systemwide force majeure on chlor-alkali products declared on July 10, 2024. Chlor-alkali and derivative production has been returned to operation. A temporary disruption of its Freeport, Texas operations had occurred as a result of Hurricane Beryl. Olin's Epoxy business is in the process of restarting its Aromatics assets which r ...
Olin Corporation to Host Investor Day on December 12, 2024
Prnewswire· 2024-08-02 09:55
Core Viewpoint - Olin Corporation will host an Investor Day on December 12, 2024, in New York City to present its strategic vision and financial targets [1][2]. Company Overview - Olin Corporation is a leading global manufacturer and distributor of chemical products and ammunition, producing items such as chlorine, caustic soda, vinyls, and various types of ammunition [5]. Event Details - The Investor Day will feature presentations from the executive management team, including the President & CEO and the SVP & CFO, with a focus on the company's strategic vision, capital allocation strategy, and long-term financial targets [2]. - The event will start at 9:00 AM (ET) and conclude around 12:00 PM (ET), available both virtually and in-person, with in-person attendance by invitation only [3]. - A live webcast of the event will be accessible on the company's Investor Relations website, with an archived version available for replay within 24 hours for 12 months [4].
Olin(OLN) - 2024 Q2 - Earnings Call Transcript
2024-07-26 18:37
Olin Corporation [OLN] Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Ken Lane - CEO Todd Slater - CFO Steve Keenan - Director, IR Conference Call Participants Jeff Zekauskas - J.P. Morgan Hassan Ahmed - Alembic Global Steve Byrne - Bank of America Duffy Fischer - Goldman Sachs Aleksey Yefremov - KeyBanc David Begleiter - Deutsche Bank Patrick Cunningham - Citi Kevin McCarthy - Vertical Research Matthew Blair - TPH Arun Viswanathan - RBC Capital Markets Mike Sison - Wells Far ...
Olin(OLN) - 2024 Q2 - Quarterly Report
2024-07-26 15:51
LEGAL MATTERS AND CONTINGENCIES Operating Activities 33 Financing Activities 34 On June 24, 2024, Moody's affirmed Olin's Ba1 rating and stable outlook. On March 14, 2024, Fitch affirmed Olin's BBBrating and stable outlook. On April 30, 2023, S&P affirmed Olin's BB+ rating and positive outlook. New Accounting Pronouncements We are exposed to market risk in the normal course of our business operations due to our purchases of certain commodities, our ongoing investing and financing activities and our operatio ...
Olin(OLN) - 2024 Q2 - Earnings Call Presentation
2024-07-26 11:34
2 Results & Outlook • Achieved Adjusted EBITDA of $278 million; + 15% from 1Q24 • Second half demand recovery weaker than expected • Product pricing improving, but slower than planned • Winchester military sales accelerate in 3Q • Reduce FY24 capital spending by $25 million, despite +$10 million related to Hurricane Beryl • Continue to deliver restructuring benefits and cost discipline 6 Sales (in millions) 2Q 2024 2Q 2024 -7% +512% $341.3 $317.7 1Q 2024 $1.7 1Q 2024 $10.4 Sequential: 2Q24 vs 1Q24 – Improve ...
Compared to Estimates, Olin (OLN) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-07-26 00:00
The reported revenue represents a surprise of -3.99% over the Zacks Consensus Estimate of $1.71 billion. With the consensus EPS estimate being $0.70, the EPS surprise was -11.43%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Sales- Epoxy: $317.70 million compared to the $350.95 million average estimate based on three analysts. The ...
Olin (OLN) Q2 Earnings and Revenues Lag Estimates
ZACKS· 2024-07-25 22:35
Olin (OLN) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for nonrecurring items. Olin, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $1.64 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 3.99%. This compares to year-ago revenues of $1.7 billion. The company has topped consensus revenue estimates t ...
Olin(OLN) - 2024 Q2 - Quarterly Results
2024-07-25 20:14
Olin Corporation, 190 Carondelet Plaza, Suite 1530, Clayton, MO 63105 Clayton, MO, July 25, 2024 – Olin Corporation (NYSE: OLN) announced financial results for the second quarter ended June 30, 2024. Second quarter 2024 reported net income was $74.2 million, or $0.62 per diluted share, which compares to second quarter 2023 reported net income of $146.9 million, or $1.13 per diluted share. Second quarter 2024 adjusted EBITDA of $278.1 million excludes depreciation and amortization expense of $129.0 million a ...
Olin Announces Second Quarter 2024 Results
Prnewswire· 2024-07-25 20:05
EPOXY Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial c ...