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Olin Corp (OLN)

OLN on New York Consolidated

25.87USD
9 Dec 2016
Change (% chg)

$-0.66 (-2.49%)
Prev Close
$26.53
Open
$26.05
Day's High
$26.64
Day's Low
$25.71
Volume
2,375,262
Avg. Vol
2,314,179
52-wk High
$26.93
52-wk Low
$12.29

Latest Key Developments (Source: Significant Developments)

Olin qtrly loss per share $0.01
Monday, 1 Aug 2016 08:39pm EDT 

Olin Corp : Olin announces second quarter 2016 earnings . Q2 adjusted operating earnings per share $0.24 excluding items . Q2 sales $1.364 billion versus I/B/E/S view $1.42 billion . Sees Q3 2016 earnings per share $0.10 to $0.20 . Q2 loss per share $0.01 . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Olin Corp says expects full year adjusted EBITDA to be in range of $840 million to $900 million . Sequentially higher Chlor Alkali products and Vinyls segment earnings are expected for Q3 . Q3 earnings per share view $0.34, revenue view $1.46 billion -- Thomson Reuters I/B/E/S ."There are significant cost and operational synergy savings expected to be realized over next four to six quarters".  Full Article

Olin qtrly loss per share $0.01
Monday, 1 Aug 2016 06:29pm EDT 

Olin Corp : Olin announces second quarter 2016 earnings . Q2 adjusted operating earnings per share $0.24 excluding items . Q2 sales $1.364 billion versus I/B/E/S view $1.42 billion . Sees Q3 2016 earnings per share $0.10 to $0.20 . Q2 loss per share $0.01 . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Olin Corp says expects full year adjusted EBITDA to be in range of $840 million to $900 million . Sequentially higher Chlor Alkali products and Vinyls segment earnings are expected for Q3 . Q3 earnings per share view $0.34, revenue view $1.46 billion -- Thomson Reuters I/B/E/S ."There are significant cost and operational synergy savings expected to be realized over next four to six quarters".  Full Article

Olin expects 2016 adj. EBITDA in range $840 mln-$900 mln
Thursday, 21 Jul 2016 05:30pm EDT 

Olin Corp : For q2 2016, Olin now expects net income to be approximately breakeven and adjusted EBITDA to be approximately $180 million . Integration process remains on track, and there are significant cost and operational synergy savings to be realized over next 18 months . Revision to Q2 net income, adjusted EBITDA outlook was driven primarily by weaker than expected domestic caustic soda demand during May and June . Olin updates second quarter and full year 2016 outlook . Sees Q2 2016 earnings per share about $0.00 . Says continues to expect Winchester results for full year 2016 to exceed 2015 levels . Now expects full year 2016 adjusted EBITDA to be in range of $840 million to $900 million . Says "believes that second half 2016 performance will benefit from higher domestic and export caustic soda pricing" .Expects procurement and maintenance related cost and operational savings of $125 million to $150 million over next four to six quarters.  Full Article

Olin Corp announces chlor alkali capacity reductions - Reuters News
Monday, 21 Mar 2016 07:50am EDT 

Olin Corp:Olin announces chlor alkali capacity reductions.Will close its chlor alkali plant in Henderson, Nevada.Henderson workforce will be reduced by approximately 100 positions​.Q1 2016 results will contain approximately $95 million of pretax restructuring charges.Cash component of these charges includes employee related costs and contract terminations associated with Henderson, Nevada facility​.Approximately 80 percent of these restructuring charges represent non-cash asset impairment charges.Charges are associated with plans to close a combined total of 433,000 tons of chlor alkali capacity across three separate Olin locations.Says capacity reduction will be effective march 31, 2016.Chlor alkali capacity at Freeport, Texas facility will be reduced by 220,000 tons.Following capacity reduction in Freeport, site will have 1,450,000 tons of membrane cell capacity,1,580,000 tons of diaphragm cell capacity.Manufacturing of chlor alkali at Henderson location will cease on March 31, 2016​.  Full Article

Olin Corp declares quarterly dividend
Friday, 29 Jan 2016 04:16pm EST 

Olin Corp:Board of Directors declared a quarterly dividend of 20 cents on each share of Olin common stock.Dividend is payable on March 10.Record date as on February 10.  Full Article

Olin Corp declares consecutive quarterly dividend
Thursday, 29 Oct 2015 05:00pm EDT 

Olin Corp:Declared a quarterly dividend of 20 cents on each share of Olin common stock.Payable on December 10, 2015 to shareholders of record at the close of business on November 10, 2015.  Full Article

Olin Corp completes merger with Dow's Chlorine Products Businesses
Monday, 5 Oct 2015 01:10pm EDT 

Olin Corp:Announces the completion of the merger with dow's chlorine products businesses and election of new directors.Says william weideman and carol Williams elected directors.  Full Article

Olin Corporation declares quarterly dividend
Thursday, 23 Jul 2015 04:01pm EDT 

Olin Corporation:Declared a quarterly dividend of 20 cents on each share of Olin common stock.The dividend is payable on September 10, 2015 to shareholders of record at the close of business on August 10, 2015.  Full Article

Olin Corporation gives Q3 2015 EPS guidance
Monday, 20 Jul 2015 06:01am EDT 

Olin Corporation:Expects Q3 2015 net income to be in the range of $0.05 to $0.10 per diluted share range, which includes pretax acquisition-related costs and financing expenses of about $17 million and $8 million.  Full Article

Olin Corporation gives Q2 2015 EPS guidance
Monday, 27 Apr 2015 05:20pm EDT 

Olin Corporation:Expects Q2 2015 net income to be in the $0.10 to $0.15 per diluted share range, which includes pretax acquisition-related costs of about $8 million and acquisition financing expenses of about $10 million.  Full Article

BRIEF-Olin Q3 earnings per share $0.11

* Announced Q4 2016 adjusted EBITDA guidance range of $190 million to $220 million