Olin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite. The Epoxy segment provides epoxy materials and precursors, including aromatics, such as acetone, bisphenol, cumene, and phenol, as well as allyl chloride, epichlorohydrin, and glycerin used for the manufacturers of polymers, resins and other plastic materials, water purification, and pesticides; liquid and solid epoxy resins that are used in adhesives, paints and coatings, composites, and flooring; and converted epoxy resins and additives for use in electrical laminates, paints and coatings, wind blades, electronics, and construction. The Winchester segment offers sporting ammunition products, including shotshells, small caliber centerfire, and rimfire ammunition products for hunters and recreational shooters, and law enforcement agencies; small caliber military ammunition products for use in infantry and mounted weapons; and industrial products comprising gauge loads and powder-actuated tool loads for maintenance applications in power and concrete industries, and powder-actuated tools in construction industry. The company markets its products through its sales force, as well as directly to various industrial customers, mass merchants, retailers, wholesalers, other distributors, and the U.S. Government and its prime contractors. Olin Corporation was founded in 1892 and is based in Clayton, Missouri.
IPO Year:
Exchange: NYSE
Website: olin.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/3/2024 | $50.00 | Market Perform | BMO Capital Markets |
| 8/8/2024 | $45.00 | Neutral | Mizuho |
| 7/29/2024 | $62.00 → $51.00 | Buy → Neutral | BofA Securities |
| 7/29/2024 | $55.00 | Neutral → Overweight | JP Morgan |
| 12/7/2023 | $52.00 | Hold | Deutsche Bank |
| 11/13/2023 | $50.00 | Buy | Citigroup |
| 10/30/2023 | $75.00 → $48.00 | Overweight → Neutral | JP Morgan |
| 10/11/2023 | $60.00 → $52.00 | Overweight → Equal Weight | Barclays |
| 9/26/2023 | $65.00 → $50.00 | Overweight → Equal Weight | Wells Fargo |
| 9/6/2023 | $67.00 → $57.00 | Buy → Neutral | Goldman |
8-K - OLIN Corp (0000074303) (Filer)
8-K - OLIN Corp (0000074303) (Filer)
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8-K - OLIN Corp (0000074303) (Filer)
8-K - OLIN Corp (0000074303) (Filer)
8-K - OLIN Corp (0000074303) (Filer)
8-K - OLIN Corp (0000074303) (Filer)
10-Q - OLIN Corp (0000074303) (Filer)
8-K - OLIN Corp (0000074303) (Filer)
8-K - OLIN Corp (0000074303) (Filer)
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4 - OLIN Corp (0000074303) (Issuer)
4 - OLIN Corp (0000074303) (Issuer)
4 - OLIN Corp (0000074303) (Issuer)
CLAYTON, Mo., Sept. 1, 2023 /PRNewswire/ -- Olin Corporation (NYSE:OLN) today announced a mutual agreement that Scott Sutton will step down as President, Chief Executive Officer, and Chairman of the Board in the first half of 2024. Mr. Sutton will continue as Executive Chairman of the Board until his departure to facilitate a smooth transition. Mr. Sutton has led a strategic transformation of Olin since taking the helm in 2020 which has delivered significant value for Olin's shareholders. He has embedded the Winning Model across Olin's businesses and built a strong leadership
Pietro Satriano Steps Down as CEO and Will Not Stand for Re-election as Director at 2022 Annual Meeting of Shareholders Robert M. Dutkowsky to Serve as Executive Chair and Andrew Iacobucci to Serve as Interim CEO Board Has Commenced Search for Permanent CEO Appoints James J. Barber, Jr., Scott D. Ferguson and David A. Toy to Board Pursuant to Agreement with Sachem Head Reaffirms Fiscal Year 2022 Guidance US Foods Holding Corp. (NYSE:USFD) ("US Foods" or the "Company"), one of the largest foodservice distributors in the United States, today announced a transition of its Chief Executive Officer. The Company also announced changes to its Board of Directors in connection with a cooperation
CLAYTON, Mo., Nov. 15, 2021 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced that Pat D. Dawson, Olin's Executive Vice President and President, Epoxy and International, will retire from Olin effective April 30, 2022, or an earlier mutually agreeable date. Mr. Dawson will remain with Olin as an Executive Vice President until his retirement, focusing on business leadership transition activities and strategic business projects. Mr. Damian Gumpel, Olin's current Vice President and President, Chlor Alkali Products and Vinyls will become its Vice President and President, Epox
Highlights Third quarter 2024 net loss of ($24.9) million, or ($0.21) per diluted shareQuarterly adjusted EBITDA of $160.3 millionCLAYTON, Mo., Oct. 24, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced financial results for the third quarter ended September 30, 2024. Third quarter 2024 reported net loss was ($24.9) million, or ($0.21) per diluted share, which compares to third quarter 2023 reported net income of $104.1 million, or $0.82 per diluted share. Third quarter 2024 adjusted EBITDA of $160.3 million excludes depreciation and amortization expense of $130.2 million and restructuring charges of $7.9 million. Third quarter 2023 adjusted EBITDA was $314.8 million. Sales in the t
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 INFORMATION Interested US participants may access the conference call toll f
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 remain under force majeure. Olin remains committed to the safe and reliable operation of its assets.
CLAYTON, Mo., Aug. 2, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN), a leading global manufacturer of chemical products and ammunition, announced today it will host an Investor Day in New York City on Thursday, December 12, 2024. Ken Lane, President & CEO, and Todd Slater, SVP & CFO, will be joined by other members of the executive management team to present an in-depth overview of Olin's strategic vision, and deep dives into its businesses, capital allocation strategy and long-term financial targets. The presentation will include a Q&A session with the executive management
Highlights Second quarter 2024 net income of $74.2 million, or $0.62 per diluted shareQuarterly adjusted EBITDA of $278.1 millionShare repurchases of $106.0 million in second quarter 2024CLAYTON, Mo., July 25, 2024 /PRNewswire/ -- 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 and restructuring charges of $6.8 million. Second quarter
CLAYTON, Mo., July 10, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced a temporary disruption of operations at its Freeport, Texas, facility as a result of Hurricane Beryl. Olin has declared a system-wide Force Majeure for its Chlor Alkali Products & Vinyls division products and Aromatics shipments. This disruption is a result of hurricane-related damage to Olin facilities in Freeport, Texas, impacting Olin's normal production and logistics capabilities including access to power, raw materials, and other essential feedstocks and services. Olin facilities in Freeport
CLAYTON, Mo., July 2, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced today that on Friday, July 26, 2024, at 9:00 a.m. Eastern time, Olin's senior management will review the company's second 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, July 25, 2024, together with the associated slides. CONFERENCE CALL INFORMATION Interested US participants may access the conference call toll free by
CLAYTON, Mo., July 1, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN), as a member of the Ad Hoc Coalition of Epoxy Resin Producers (Coalition), comprised of Olin, Westlake Corporation (NYSE:WLK), and Spolchemie, announces that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand. This notice of initiation published today in the European Union (EU) Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have c
CLAYTON, Mo., May 23, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced today that Olin's Board of Directors has appointed Deon Carter as Vice President & President, Chlor Alkali Products & Vinyls effective June 17, 2024. Commenting on Mr. Carter joining Olin Corporation, President and Chief Executive Officer Ken Lane said "Deon's extensive career in the chemical and related industries will be a great addition for Olin in order to continue advancing our winning model. I look forward to Deon continuing to drive performance in our Chlor Alkali Products & Vinyls business and further developing the great team we have."
Highlights First quarter 2024 net income of $48.6 million, or $0.40 per diluted shareQuarterly adjusted EBITDA of $242.1 millionShare repurchases of $105.4 million in first quarter 2024CLAYTON, Mo., April 25, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced financial results for the first quarter ended March 31, 2024. First quarter 2024 reported net income was $48.6 million, or $0.40 per diluted share, which compares to first quarter 2023 reported net income of $156.3 million, or $1.16 per diluted share. First quarter 2024 adjusted EBITDA of $242.1 million excludes depreciation and amortization expense of $129.7 million and restructuring charges of $8.3 million. First quarter 2023
Olin (NYSE:OLN) has outperformed the market over the past 5 years by 4.49% on an annualized basis producing an average annual return of 18.04%. Currently, Olin has a market capitalization of $5.78 billion. Buying $100 In OLN: If an investor had bought $100 of OLN stock 5 years ago, it would be worth $226.31 today based on a price of $48.42 for OLN at the time of writing. Olin's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.
Olin (NYSE:OLN) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 5 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 2 4 0 0 0 Analysts have set 12-month price targets for Olin, revealing an average target of $67.62, a high estimate of $75.00, and a low estimate of $51.00. A decline of 2.87% from the prior average price target is evident in the current av
Keybanc analyst Aleksey Yefremov maintains Olin (NYSE:OLN) with a Overweight and lowers the price target from $73 to $69.
UBS analyst Joshua Spector maintains Olin (NYSE:OLN) with a Neutral and lowers the price target from $59 to $51.
Olin Corporation (NYSE:OLN), as a member of the Ad Hoc Coalition of Epoxy Resin Producers (Coalition), comprised of Olin, Westlake Corporation (NYSE:WLK), and Spolchemie, announces that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand. This notice of initiation published today in the European Union (EU) Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have caused material injury to the European epoxy
The U.S. Supreme Court has overturned a 40-year-old decision that gave the executive branch the power to rule on laws passed by Congress that were unclear. The decision, known as the Chevron doctrine, stems from a unanimous Supreme Court case involving the energy company in an argument over the Clean Air Act that upheld an action by the Environmental Protection Agency under then-President Ronald Reagan. Since then, the Chevron decision has required judges to defer to agencies' reasonable interpretations of congressional statutes. Friday’s 6-3 ruling to overturn the doctrine allows judges to decide on laws that are considered ambiguous. The 1984 ruling has long been in the crosshairs
U.S. Surgeon General Vivek H. Murthy declared gun violence a public health crisis Tuesday in a 39-page advisory. What Happened: Murthy is imploring the nation to confront the issue with the same effort put toward reducing deaths and injuries from tobacco and motor vehicle accidents. He also emphasized the significant physical and mental toll of gun violence on communities nationwide. Deaths caused by guns climbed to a three-decade high in 2021 due to higher incidents of homicides and suicides, according to the advisory. "I want people to understand the full impact of firearm violence in our country, and I want them to see it as a public health issue," Murthy told the Washington P
- Reuters
RBC Capital analyst Arun Viswanathan maintains Olin (NYSE:OLN) with a Outperform and lowers the price target from $69 to $63.
BMO Capital Markets initiated coverage of Olin with a rating of Market Perform and set a new price target of $50.00
Mizuho initiated coverage of Olin with a rating of Neutral and set a new price target of $45.00
BofA Securities downgraded Olin from Buy to Neutral and set a new price target of $51.00 from $62.00 previously
JP Morgan upgraded Olin from Neutral to Overweight and set a new price target of $55.00
Deutsche Bank initiated coverage of Olin with a rating of Hold and set a new price target of $52.00
Citigroup initiated coverage of Olin with a rating of Buy and set a new price target of $50.00
JP Morgan downgraded Olin from Overweight to Neutral and set a new price target of $48.00 from $75.00 previously
Barclays downgraded Olin from Overweight to Equal Weight and set a new price target of $52.00 from $60.00 previously
Wells Fargo downgraded Olin from Overweight to Equal Weight and set a new price target of $50.00 from $65.00 previously
Goldman downgraded Olin from Buy to Neutral and set a new price target of $57.00 from $67.00 previously
Highlights Third quarter 2024 net loss of ($24.9) million, or ($0.21) per diluted shareQuarterly adjusted EBITDA of $160.3 millionCLAYTON, Mo., Oct. 24, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced financial results for the third quarter ended September 30, 2024. Third quarter 2024 reported net loss was ($24.9) million, or ($0.21) per diluted share, which compares to third quarter 2023 reported net income of $104.1 million, or $0.82 per diluted share. Third quarter 2024 adjusted EBITDA of $160.3 million excludes depreciation and amortization expense of $130.2 million and restructuring charges of $7.9 million. Third quarter 2023 adjusted EBITDA was $314.8 million. Sales in the t
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 INFORMATION Interested US participants may access the conference call toll f
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 remain under force majeure. Olin remains committed to the safe and reliable operation of its assets.
Highlights Second quarter 2024 net income of $74.2 million, or $0.62 per diluted shareQuarterly adjusted EBITDA of $278.1 millionShare repurchases of $106.0 million in second quarter 2024CLAYTON, Mo., July 25, 2024 /PRNewswire/ -- 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 and restructuring charges of $6.8 million. Second quarter
CLAYTON, Mo., July 10, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced a temporary disruption of operations at its Freeport, Texas, facility as a result of Hurricane Beryl. Olin has declared a system-wide Force Majeure for its Chlor Alkali Products & Vinyls division products and Aromatics shipments. This disruption is a result of hurricane-related damage to Olin facilities in Freeport, Texas, impacting Olin's normal production and logistics capabilities including access to power, raw materials, and other essential feedstocks and services. Olin facilities in Freeport
CLAYTON, Mo., July 2, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced today that on Friday, July 26, 2024, at 9:00 a.m. Eastern time, Olin's senior management will review the company's second 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, July 25, 2024, together with the associated slides. CONFERENCE CALL INFORMATION Interested US participants may access the conference call toll free by
CLAYTON, Mo., July 1, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN), as a member of the Ad Hoc Coalition of Epoxy Resin Producers (Coalition), comprised of Olin, Westlake Corporation (NYSE:WLK), and Spolchemie, announces that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand. This notice of initiation published today in the European Union (EU) Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have c
CLAYTON, Mo., May 23, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced today that Olin's Board of Directors has appointed Deon Carter as Vice President & President, Chlor Alkali Products & Vinyls effective June 17, 2024. Commenting on Mr. Carter joining Olin Corporation, President and Chief Executive Officer Ken Lane said "Deon's extensive career in the chemical and related industries will be a great addition for Olin in order to continue advancing our winning model. I look forward to Deon continuing to drive performance in our Chlor Alkali Products & Vinyls business and further developing the great team we have."
Highlights First quarter 2024 net income of $48.6 million, or $0.40 per diluted shareQuarterly adjusted EBITDA of $242.1 millionShare repurchases of $105.4 million in first quarter 2024CLAYTON, Mo., April 25, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced financial results for the first quarter ended March 31, 2024. First quarter 2024 reported net income was $48.6 million, or $0.40 per diluted share, which compares to first quarter 2023 reported net income of $156.3 million, or $1.16 per diluted share. First quarter 2024 adjusted EBITDA of $242.1 million excludes depreciation and amortization expense of $129.7 million and restructuring charges of $8.3 million. First quarter 2023
CLAYTON, Mo., April 3, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN) today announced the filing of antidumping and countervailing duty petitions against five countries related to certain epoxy resins, as part of the U.S. Epoxy Resin Producers Ad Hoc Coalition. The petitions charge that unfairly traded imports of certain epoxy resins from China, India, South Korea, Taiwan, and Thailand are causing material injury to the domestic epoxy resin industry. The petitions further charge that significant subsidies have been provided to the foreign producers by the governments of China, India, South Korea, and Taiwan. The U.S. producers in the Coalition, including Olin, produce epoxy resins, an esse
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