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Olin Corp Issues Q4 2013 EPS Guidance Below Analysts' Estimates; Updates On FY 2013 EBITDA Guidance Below Analysts' Estimates; Declares Dividend

Monday, 28 Oct 2013 05:00pm EDT 

Olin Corp announced that for the fourth quarter of 2013, it expects net income to be in the $0.25 to $0.30 per diluted share range. For fiscal 2013, it revises adjusted EBITDA forecast to the $415 million to $430 million range. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.44 for the fourth quarter of 2013 and EBITDA of $439 million for fiscal 2013. The Company also announced that the Board of Directors declared a dividend of $0.20 on each share of Olin common stock. The dividend is payable on December 10, 2013 to shareholders of record at the close of business on November 12, 2013. 

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