Group 1 - Olin Corporation's shares experienced a significant decline of approximately 38% in 2024 due to weak demand from China and challenges in the construction sector [1] - The ongoing downturn in the construction sector has adversely affected Olin Corporation's performance [1] Group 2 - The article reflects a contrarian investment approach based on macroeconomic views and stock-specific turnaround stories [1]

Financial Performance - Third quarter 2024 net loss of $24.9 million, or $0.21 per diluted share, compared to net income of $104.1 million, or $0.82 per diluted share in Q3 2023[1] - Adjusted EBITDA for Q3 2024 was $160.3 million, down from $314.8 million in Q3 2023, with sales of $1,589.5 million compared to $1,671.4 million in the prior year[1] - Operating income for Q3 2024 was $15.5 million, down 90.7% from $166.0 million in Q3 2023[16] - Net loss attributable to Olin Corporation for Q3 2024 was $24.9 million, compared to a net income of $104.1 million in Q3 2023[16] - Net income for the nine months ended September 30, 2024, was $94.9 million, a decrease from $403.2 million for the same period in 2023[21] - Adjusted EBITDA for the nine months ended September 30, 2024, was $680.5 million, down from $1,100.0 million in the same period of 2023[23] - The trailing twelve months Adjusted EBITDA as of September 30, 2024, was $890.6 million, compared to $1,310.1 million for the previous period[26] Segment Performance - Winchester segment sales increased to $432.8 million in Q3 2024 from $380.2 million in Q3 2023, driven by higher military sales and the acquisition of White Flyer[7] - Chlor Alkali Products and Vinyls segment earnings fell to $45.3 million in Q3 2024 from $172.3 million in Q3 2023, impacted by $76.7 million in additional costs due to Hurricane Beryl[5] - Epoxy segment reported a loss of $42.8 million in Q3 2024, compared to a loss of $28.8 million in Q3 2023, with sales decreasing to $285.1 million from $321.6 million[6] - Chlor Alkali Products and Vinyls segment sales decreased to $871.6 million in Q3 2024 from $969.6 million in Q3 2023, a decline of 10.1%[18] - The Winchester segment reported sales of $432.8 million in Q3 2024, an increase of 13.8% from $380.2 million in Q3 2023[18] Cash Flow and Debt - As of September 30, 2024, the cash balance was $225.9 million, with net debt of approximately $2.7 billion and a net debt to adjusted EBITDA ratio of 3.0 times[9] - Cash and cash equivalents increased to $225.9 million as of September 30, 2024, compared to $170.3 million at the end of 2023[20] - Long-term debt increased to $2,765.6 million as of September 30, 2024, from $2,591.3 million at the end of 2023[20] - Net debt as of September 30, 2024, increased to $2,663.6 million from $2,499.8 million at the end of 2023[26] - The Net Debt to Adjusted EBITDA ratio rose to 3.0 as of September 30, 2024, compared to 1.9 at the end of 2023[26] Shareholder Returns and Capital Allocation - Approximately 1.0 million shares of common stock were repurchased at a cost of $45.4 million during Q3 2024, with $0.7 billion available under the share repurchase authorization[9] - The company remains focused on a value-driven commercial model and capital allocation strategy to enhance cash flows and return cash to shareholders[3] Impact of Hurricane Beryl - Hurricane Beryl is expected to result in a total impact of approximately $135 million in 2024, with an additional $9.4 million impact in Q3 2024 and a projected $25 million residual impact in Q4 2024[2] Other Financial Metrics - Total sales for Q3 2024 were $1,589.5 million, a decrease of 4.9% from $1,671.4 million in Q3 2023[16] - Total assets as of September 30, 2024, were $7,518.3 million, down from $7,713.2 million at the end of 2023[20] - Capital expenditures for the nine months ended September 30, 2024, were $144.1 million, down from $173.0 million in the same period of 2023[21] - The company reported a net operating activities cash flow of $361.5 million for the nine months ended September 30, 2024, compared to $557.7 million in the same period of 2023[21] - Long-term debt borrowings net for the nine months ended September 30, 2024, were $216.7 million, slightly up from $206.6 million in the previous year[21] - The company experienced a decrease in inventories, with a change of $32.8 million for the nine months ended September 30, 2024, compared to a decrease of $43.4 million in the same period of 2023[21]

CLAYTON, Mo., Dec. 12, 2024 /PRNewswire/ -- Olin Corporation (NYSE: OLN) will host an Investor Day in New York City today, beginning at 9:00am (ET). The event is expected to conclude at approximately 12:00pm (ET). A live webcast of the presentation, along with the presentation materials, will be available at https://www.olin.com. A replay of the 2024 Investor Day will be available within 24 hours of the event's conclusion.Ken Lane, President & CEO, will be joined by members of the Executive Leadership Team, ...

Core Insights - Olin Corporation reported a third-quarter 2024 loss of $24.9 million, equating to a loss of 21 cents per share, contrasting with a profit of $104.1 million or 82 cents per share in the same quarter last year, and missing the Zacks Consensus Estimate of earnings of 3 cents [1][2] Financial Performance - Revenues for the quarter decreased approximately 4.9% year over year to $1,589.5 million, surpassing the Zacks Consensus Estimate of $1,571.1 million [2] - The Chlor Alkali Products and Vinyls segment generated revenues of $871.6 million, down around 10.1% year over year, but exceeded the Zacks Consensus Estimate of $851.5 million, impacted by lost sales due to Hurricane Beryl and lower pricing, particularly for caustic soda [3] - The Epoxy division's revenues fell approximately 11.3% year over year to $285.1 million, missing the consensus estimate of $315.6 million, primarily due to lower volumes and Hurricane Beryl-related sales losses [4] - The Winchester segment saw revenues rise around 13.8% year over year to $432.8 million, beating the consensus estimate of $414.9 million, driven by increased international military sales and military project revenues, slightly offset by declining commercial ammunition sales [5] Financial Position - As of September 30, 2024, Olin had a cash balance of $225.9 million and $2.7 billion in net debt, with an adjusted EBITDA ratio of 3X, and approximately $1 billion in available liquidity [6] - The company repurchased roughly 1 million shares of common stock for $45.4 million during the third quarter, with around $0.7 billion remaining for share repurchase authorization [7] Outlook - Olin anticipates lower demand for caustic soda, although global demand is gradually improving, and expects a seasonal reduction in adjusted EBITDA for its Chemical businesses for the quarter, excluding Hurricane Beryl's impact, projecting adjusted EBITDA between $170 million and $200 million [8] Stock Performance - Olin's shares have declined 2.5% over the past year, in contrast to a 6.7% rise in the industry [9]

Olin Corp. (NYSE: OLN ) reports many contracts with the U.S. Army and know-how accumulated through many decades in the chemical industry. In my view, ongoing derivative strategies in the chemical global trade industry and investments in the small London Stock Market Research is a service offered by an ex-investment banker from the city of London. After around 11 years in the industry, I decided to drop out, and made dollars out of what I learned in business. I appreciate value investments, and I usually buy ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of OLN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice ...

For the quarter ended September 2024, Olin (OLN) reported revenue of $1.59 billion, down 4.9% over the same period last year. EPS came in at -$0.21, compared to $0.82 in the year-ago quarter.The reported revenue represents a surprise of +1.17% over the Zacks Consensus Estimate of $1.57 billion. With the consensus EPS estimate being $0.03, the EPS surprise was -800.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

In its upcoming report, Olin (OLN) is predicted by Wall Street analysts to post quarterly earnings of $0.03 per share, reflecting a decline of 96.3% compared to the same period last year. Revenues are forecasted to be $1.57 billion, representing a year-over-year decrease of 6%.Over the last 30 days, there has been a downward revision of 2.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...

The market expects Olin (OLN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are bett ...

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 INFO ...