Olin Corp. (OLN) Falls 12.4% on Lower PT, Lower EBITDA Outlook

Core Viewpoint - Olin Corporation (NYSE:OLN) is experiencing significant stock decline due to a lowered price target and a disappointing EBITDA forecast for the fourth quarter, leading to a 12.45% drop in stock price [1][2][3]. Financial Performance - Olin Corporation reported a net income of $42.8 million in the third quarter, a recovery from a net loss of $24.9 million in the same period last year [3]. - Sales increased by 7.8% year-on-year, reaching $1.7 billion compared to $1.59 billion [3]. Fourth Quarter Outlook - The company anticipates a weak fourth quarter, typically its lowest seasonal quarter, with adjusted EBITDA guidance set between $110 million and $130 million, significantly below the consensus estimate of $169 million [2][4]. - The guidance includes a $40 million penalty due to planned inventory reductions in response to expected weaker demand [3][5]. Analyst Actions - Mizuho Securities has downgraded Olin's price target from $28 to $25 while maintaining a "neutral" stance on the stock [2].