Olin Corporation (OLN) announced the completion of the buyout of AMMO, Inc’s small caliber ammunition assets. The acquisition of the assets was announced in January 2025. The assets, employees and ammunition business have now become part of Olin’s Winchester ammunition business. The acquisition included brass shell case capabilities and a newly constructed 185,000 square foot production facility located in Manitowoc, WI. The transaction was funded through OLN’s available liquidity. It is anticipated to real ...

Company Overview - Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a prominent U.S. manufacturer of ammunition, producing items such as chlorine, caustic soda, and various types of ammunition [5] Acquisition Details - Olin Corporation has completed the acquisition of small caliber ammunition assets from AMMO, Inc., which are now integrated into Olin's Winchester Ammunition business [1][2] - The acquisition includes a newly constructed 185,000 square foot production facility in Manitowoc, Wisconsin, enhancing Winchester's production capabilities and specialization in high-margin, specialty calibers [2] Financial Impact - The transaction is expected to be immediately accretive to Olin's shareholders, with an anticipated first-year adjusted EBITDA contribution of $10 to $15 million, including synergies [3] - Once fully integrated, the acquisition is projected to yield an adjusted EBITDA of $40 million per year with full realization of synergies [3] Strategic Goals - The acquisition aligns with Olin's capital allocation framework and Winchester's strategy to secure small, strategic opportunities that are immediately accretive [4] - The Manitowoc facility will allow Winchester to expand its reach into higher-value commercial and international military and law enforcement calibers, while legacy plants can focus on high-volume products [4]

Hydrogen Capture Enhances Sustainability and Profitability of Olin’s St. Gabriel Facility Plug US Hydrogen Capacity now at 40TPD ST. GABRIEL, La., April 17, 2025 (GLOBE NEWSWIRE) -- Hidrogenii, the joint venture between Plug Power Inc. (NASDAQ: PLUG) and Olin Corporation (NYSE: OLN), today announced the commissioning of its 15 metric-ton-per-day (TPD) hydrogen liquefaction plant in St. Gabriel, Louisiana. Among the largest electrolytic hydrogen liquefaction facilities in North America, the site marks a majo ...

Hydrogen Capture Enhances Sustainability and Profitability of Olin's St. Gabriel Facility Plug US Hydrogen Capacity now at 40 metric-ton-per-day (TPD)CLAYTON, Mo., April 17, 2025 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced today that Hidrogenii, the joint venture between Olin and Plug Power Inc. (NASDAQ: PLUG), commissioned its 15 TPD hydrogen liquefaction plant in St. Gabriel, Louisiana. Among the largest electrolytic hydrogen liquefaction facilities in North America, the site marks a major mil ...

Hydrogen Capture Enhances Sustainability and Profitability of Olin's St. Gabriel Facility Plug US Hydrogen Capacity now at 40TPD ST. GABRIEL, La., April 17, 2025 (GLOBE NEWSWIRE) -- Hidrogenii, the joint venture between Plug Power Inc. (NASDAQ:PLUG) and Olin Corporation (NYSE:OLN), today announced the commissioning of its 15 metric-ton-per-day (TPD) hydrogen liquefaction plant in St. Gabriel, Louisiana. Among the largest electrolytic hydrogen liquefaction facilities in North America, the site marks a major ...

Core Viewpoint - Olin Corporation will review its first quarter 2025 financial results on May 2, 2025, at 9:00 a.m. Eastern time, followed by a Q&A session [1] Conference Call & Webcast Details - U.S. callers can access the conference call toll-free at (877) 883-0383, while Canadian callers can dial (877) 885-0477, and international callers can reach (412) 902-6506, using pass code 4655364 [2] - The call will be webcast live, and participants are encouraged to pre-register or access the webcast on the company's website [2] - A replay of the conference call will be available for one year on the company's website, with a telephonic replay available for 7 days starting at 12:00 p.m. Eastern time [3] Company Description - Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a major U.S. manufacturer of ammunition [4] - The chemical products include chlorine, caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid [4] - Winchester, a division of Olin, produces and distributes various types of ammunition, including sporting, law enforcement, and military ammunition [4]

Core Viewpoint - Olin Corporation has appointed General Edward Daly to its Board of Directors, effective March 5, 2025, to enhance its strategic direction and oversight in the defense and logistics sectors [1][5]. Company Overview - Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a prominent U.S. manufacturer of ammunition, producing a variety of chemical products including chlorine, caustic soda, and various types of ammunition [5]. Appointment Details - General Daly, a retired U.S. Army General with over 36 years of service, was appointed to the Compensation Committee of Olin's Board, bringing extensive expertise in defense procurement and logistics [1][2]. - His last role was as the 20th Commanding General of the U.S. Army Materiel Command, overseeing a budget exceeding $50 billion and managing 190,000 personnel across the U.S. and internationally [2]. General Daly's Background - General Daly has founded Virtus 9, a startup focused on U.S. national security, and serves as President of Daly Consulting & Logistics, along with advisory roles in several companies [3]. - He holds degrees from West Point, Gonzaga University, and the U.S. Army War College, and is noted as the only career Logistics 4-Star General to graduate from West Point since its establishment [4]. Strategic Importance - Olin's President & CEO, Ken Lane, expressed enthusiasm about General Daly's appointment, highlighting his military career and understanding of global trade and security as valuable assets for guiding Olin's growth [5].

Core Viewpoint - Olin Corporation is conducting a private offering of $600 million in senior notes to refinance existing debt and improve its financial position [1][2]. Group 1: Offering Details - The offering consists of $600 million aggregate principal amount of 6.625% senior notes due in 2033, priced at 100% of the principal amount [1]. - The closing of the offering is expected on March 14, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to redeem $500 million of 5.125% senior notes due 2027, refinance the existing revolving credit facility, and repay borrowings under the 9.500% senior notes due 2025 [2]. - Additional uses include refinancing an existing term loan facility and covering related fees and expenses [2]. Group 3: Company Overview - Olin Corporation is a leading global manufacturer and distributor of chemical products, including chlorine, caustic soda, and various other chemicals, as well as a major U.S. manufacturer of ammunition [6].

Company Overview - Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a prominent U.S. manufacturer of ammunition [6] - The chemical products produced include chlorine, caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid [6] - Winchester, a division of Olin, produces and distributes various types of ammunition and related components [6] Offering Details - Olin Corporation intends to offer $600 million aggregate principal amount of senior notes due 2033 [1] - The Senior Notes will be Olin's senior unsecured obligations and will not be guaranteed by any subsidiaries on the issue date [1] - The net proceeds from the Offering will be used to redeem $500 million of 5.125% Senior Notes due 2027, refinance existing credit facilities, and pay related fees and expenses [2] Refinancing Transactions - The Offering is part of a broader refinancing strategy that includes redeeming the 2025 Notes and refinancing existing revolving credit and term loan facilities [2] - The Offering is not conditioned on the closing of the Replacement Credit Facilities [2] Regulatory Compliance - The Senior Notes will be offered in a private offering exempt from the registration requirements of the Securities Act of 1933 [3] - The offering will be limited to qualified institutional buyers and non-U.S. persons outside the United States [3] Market Conditions - The ability to consummate the Offering and Refinancing Transactions is subject to prevailing market conditions [10]

Financial Performance - Olin Corporation reported net income of $105.0 million for the year ended December 31, 2024, a decrease of 77.7% compared to $452.0 million in 2023[320]. - Total sales for Olin Corporation were $6,540.1 million in 2024, down 4.3% from $6,833.0 million in 2023[320]. - The company's operating income fell to $296.5 million in 2024, a decline of 58.3% from $712.1 million in 2023[320]. - Olin Corporation's total assets decreased to $7,579.1 million as of December 31, 2024, compared to $7,713.2 million in 2023, reflecting a reduction of 1.7%[318]. - The company's total liabilities increased to $5,523.7 million in 2024, up from $5,444.9 million in 2023, representing a rise of 1.4%[318]. - Olin Corporation's retained earnings decreased to $2,357.5 million in 2024, down from $2,583.7 million in 2023, a decline of 8.7%[318]. - The total equity of Olin Corporation decreased to $2,055.4 million in 2024 from $2,268.3 million in 2023, reflecting a decline of 9.4%[326]. - Olin Corporation's net income for 2024 was $105.0 million, a decrease of 76.8% compared to $452.0 million in 2023[328]. - Common stock repurchased and retired in 2024 amounted to $300.3 million, a reduction of 57.8% compared to $711.3 million in 2023[328]. - The company declared dividends of $0.80 per share for 2024, consistent with the previous two years[326]. Segment Performance - Chlor Alkali Products and Vinyls segment represented 55% of 2024 sales, Epoxy segment 20%, and Winchester segment 25%[9]. - The Epoxy segment benefits from integration into low-cost feedstocks, producing a full range of epoxy materials and precursors[29]. - The Epoxy segment serves diverse applications focused on sustainability, including wind energy and protective coatings, primarily in North America and Western Europe[30]. - The company maintains a reliable supply of key raw materials for the Epoxy segment, including chlorine, caustic soda, cumene, and propylene[32]. - The Chlor Alkali Products and Vinyls segment is one of the largest global marketers of caustic soda, allowing cost-effective supply to customers worldwide[14]. - Olin's Winchester segment focuses on expanding market participation in higher value add platform products to align with growing end-use markets[37]. Joint Ventures and Acquisitions - The joint venture Blue Water Alliance (BWA) with Mitsui began operations in 2023, focusing on globally traded caustic soda and EDC, with Olin holding a 51% interest[19]. - A new joint venture, Hidrogenii, LLC, was launched with Plug Power, aiming to construct a 15-ton-per-day hydrogen liquefaction plant expected to start operations in early 2025[20]. - Olin acquired the assets of White Flyer Targets, LLC for $63.9 million, enhancing its position in the recreational shooting market[39]. - Olin signed a definitive agreement to acquire AMMO, Inc.'s small caliber ammunition manufacturing assets for $75 million, expected to close in Q2 2025[395]. Market and Sales - Winchester's estimated backlog was approximately $1,426 million as of January 31, 2025, with 70% expected to be fulfilled in 2025[54]. - In 2024, Winchester was awarded contracts to manufacture 5.56mm, 7.62mm, and .50 caliber ammunition, maintaining its leading position as a supplier to the U.S. military[46]. - Approximately 29% of Olin's 2024 sales were generated outside the U.S., with 12% from the Winchester segment[50]. - Winchester's new ammunition products received multiple awards, including the "Ammunition Product of the Year" from American Rifleman magazine in 2025 and 2022[42]. - Winchester's sales to U.S. government agencies accounted for approximately 11% of total sales in 2024[53]. - The company has strong relationships with traditional dealers, distributors, and mass merchants, enhancing its market reach[41]. Cost Management and Operational Efficiency - The company emphasizes cost management and continuous improvement to maintain a strong competitive position in the chlor alkali industry[26]. - The Epoxy segment's production economics benefit from its integration into chlor alkali and aromatics, providing operational flexibility[32]. - Olin's Epoxy segment is focused on optimizing cost positions in the Americas and Europe through supply chain improvements[36]. - The company promotes a culture of continuous improvement with a "Be Better Today" mindset to drive down costs[49]. Financial Liabilities and Assets - Long-term borrowings as of December 31, 2024, totaled $2,842.2 million, with $1,063.4 million issued at variable rates[293]. - The company maintained open positions on commodity contracts with a notional value of $204.5 million as of December 31, 2024[291]. - A 10% increase in commodity prices would lead to a $20.5 million increase in inventory costs, offset by related hedging instruments[291]. - Unfavorable currency movements of 10% would negatively affect the fair values of derivatives held to hedge currency exposures by $13.4 million[292]. - Environmental liabilities recorded by the company amounted to $156.5 million as of December 31, 2024[313]. - The company incurred restructuring charges of $33.3 million in 2024, a significant decrease from $89.6 million in 2023[320]. - The company incurred charges of $30.2 million, $30.1 million, and $24.2 million for investigatory and remedial efforts in 2024, 2023, and 2022, respectively[73]. Research and Development - Research expenditures were $18.4 million in 2024, compared to $20.0 million in 2023 and $18.3 million in 2022[67]. Corporate Responsibility - The company is committed to corporate responsibility, focusing on environmental, health, safety, and security stewardship[74]. Employee and Labor Relations - As of December 31, 2024, the company had a total of 7,676 employees, with 86% located in the United States[66]. - The company has no labor agreements expiring in Canada and two agreements expiring in the U.S., representing approximately 2% of the global workforce[66].