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Olin down ~2% post Q3 earnings miss

Nov. 01, 2019 9:27 AM ETOlin Corporation (OLN) StockOLNBy: Vandana Singh, SA News Editor2 Comments
  • Olin (NYSE:OLN) down 1.85% in pre-market as Q3 earnings came in below expectations; the company said that the Chlor Alkali Products & Vinyls and the Epoxy businesses experienced weakness, which negatively impacted volumes & pricing and is expected to continue in Q4 as well.
  • Net income fell 77% Y/Y to $44.2M, with adjusted EBITDA of $292.9M, declined ~27%; sales decreased 16% to $1,576.6M.
  • Olin forecasts 2019 net income of $30M - $59M, with adjusted EBITDA of $930M - $980M.
  • Previously: Olin EPS misses by $0.03, misses on revenue (Oct. 31)

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