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Olin (OLN) Tops Q1 Earnings Estimates
ZACKS· 2025-05-01 23:00
Company Performance - Olin reported quarterly earnings of $0.04 per share, surpassing the Zacks Consensus Estimate of a loss of $0.10 per share, representing an earnings surprise of 140% [1] - The company posted revenues of $1.64 billion for the quarter ended March 2025, which was a 1.03% miss compared to the Zacks Consensus Estimate, and remained unchanged from year-ago revenues [2] - Over the last four quarters, Olin has exceeded consensus EPS estimates two times and topped consensus revenue estimates twice [2] Stock Outlook - Olin shares have declined approximately 36% since the beginning of the year, contrasting with the S&P 500's decline of 5.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.21 on revenues of $1.71 billion, and for the current fiscal year, it is $0.84 on revenues of $6.82 billion [7] Industry Context - The Chemical - Diversified industry, to which Olin belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Olin's stock performance [5] - The unfavorable trend in estimate revisions has resulted in a Zacks Rank 5 (Strong Sell) for Olin, suggesting expected underperformance in the near future [6]
Olin(OLN) - 2025 Q1 - Quarterly Results
2025-05-01 20:24
Exhibit 99.1 Investor Contact: Steve Keenan (314) 719-1755 InvestorRelations@Olin.com News Olin Corporation, 190 Carondelet Plaza, Suite 1530, Clayton, MO 63105 Olin Announces First Quarter 2025 Results Highlights Clayton, MO, May 1, 2025 – Olin Corporation (NYSE: OLN) announced financial results for the first quarter ended March 31, 2025. First quarter 2025 reported net income was $1.4 million, or $0.01 per diluted share, which compares to first quarter 2024 reported net income of $48.6 million, or $0.40 p ...
Olin Closes Small Caliber Ammunition Manufacturing Assets Buyout
ZACKS· 2025-04-21 13:35
Core Viewpoint - Olin Corporation has completed the acquisition of AMMO, Inc's small caliber ammunition assets, which will enhance its Winchester ammunition business and is expected to generate significant synergies and increased EBITDA [1][2]. Group 1: Acquisition Details - The acquisition includes brass shell case capabilities and a newly constructed 185,000 square foot production facility in Manitowoc, WI, funded through Olin's available liquidity [2]. - The integration of the Manitowoc facility is anticipated to yield an incremental first-year adjusted EBITDA of $10 million to $15 million, with a long-term expectation of $40 million per year [2][4]. Group 2: Strategic Benefits - The new facility and its skilled workforce will complement Winchester's existing production capabilities, allowing for greater specialization in high-margin, specialty calibers [3]. - Olin plans to leverage Winchester's economies of scale, raw material sourcing, and loading capabilities to realize synergies across the ammunition value chain [4][5]. Group 3: Market Performance - Olin's stock has experienced a significant decline of 61.2% over the past year, compared to a 27.6% decline in the industry [7].
Olin - Winchester Completes Acquisition of Small Caliber Ammunition Manufacturing Assets
Prnewswire· 2025-04-18 18:05
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]
Hidrogenii, a Plug and Olin Joint Venture, Commissions 15 Ton Per Day Hydrogen Liquefaction Plant in Louisiana
GlobeNewswire News Room· 2025-04-17 11:30
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 ...
Hidrogenii, an Olin and Plug Joint Venture, Commissions 15 Ton Per Day Hydrogen Liquefaction Plant in Louisiana
Prnewswire· 2025-04-17 11:30
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 ...
Hidrogenii, a Plug and Olin Joint Venture, Commissions 15 Ton Per Day Hydrogen Liquefaction Plant in Louisiana
Newsfilter· 2025-04-17 11:30
Core Insights - Hidrogenii, a joint venture between Plug Power Inc. and Olin Corporation, has commissioned a 15 metric-ton-per-day hydrogen liquefaction plant in St. Gabriel, Louisiana, enhancing the regional hydrogen supply chain and supporting the U.S. transition to low-carbon energy [1][3][10] - The new facility will liquefy hydrogen produced by Olin for trailer shipments across the U.S., increasing Plug's total hydrogen production capacity to 40 TPD [2][5] - The establishment of this plant is part of Plug's strategy to scale a national green hydrogen network, complementing existing production sites in Georgia and Tennessee [3][5] Company Overview - Plug Power is focused on building a global hydrogen economy with an integrated ecosystem that includes production, storage, delivery, and power generation [4] - The company has deployed over 72,000 fuel cell systems and 275 fueling stations, making it the largest user of liquid hydrogen [5] - Olin Corporation is a leading manufacturer and distributor of chemical products, including hydrogen, and is involved in the ammunition manufacturing sector [7] Joint Venture Details - Hidrogenii was established in 2022 to operate the liquid hydrogen facility in St. Gabriel, combining Plug's hydrogen technology with Olin's industrial expertise [3][9] - The joint venture aims to produce and deliver reliable, domestically sourced hydrogen to meet growing demand across various markets [10]
Olin Corporation First Quarter 2025 Earnings Conference Call Announcement
Prnewswire· 2025-03-25 20:05
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]
Retired U.S. Army General Edward M. Daly Appointed to Olin's Board of Directors
Prnewswire· 2025-03-06 11:30
Core Insights - Olin Corporation appointed General Edward Daly as a new director on its Board effective March 5, 2025, and he will serve on the Compensation Committee [1] - General Daly has over 36 years of military experience, with his last role as the 20th Commanding General of the U.S. Army Materiel Command, overseeing a budget exceeding $50 billion [2] - Since retiring, General Daly founded Virtus 9, focusing on U.S. national security, and serves as President of Daly Consulting & Logistics, along with advisory roles in other companies [3] Company Overview - Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a major U.S. manufacturer of ammunition [5] - The chemical products produced by Olin include chlorine, caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid [5] - Winchester, a subsidiary of Olin, manufactures and distributes various types of ammunition, including sporting, law enforcement, and military ammunition [5]
Retired U.S. Army General Edward M. Daly Appointed to Olin's Board of Directors
Prnewswire· 2025-03-06 11:30
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].