Welcome to our dedicated page for Olin news (Ticker: $OLN), a resource for investors and traders seeking the latest updates and insights on Olin stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Olin's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Olin's position in the market.
Rhea-AI Summary
Olin (NYSE: OLN) released its first quarter 2024 financial results, reporting a net income of $48.6 million, or $0.40 per diluted share. The company also announced a quarterly adjusted EBITDA of $242.1 million and share repurchases of $105.4 million in the first quarter of 2024. Despite a decrease in sales compared to the same period in 2023, the company's business segments showed improvement, with expectations of continued momentum in the upcoming quarters. The President and CEO, Ken Lane, expressed optimism for the company's performance in 2024, anticipating adjusted EBITDA levels to be similar to or slightly higher than 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
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Rhea-AI Summary
Olin files antidumping and countervailing duty petitions against five countries regarding certain epoxy resins, citing material injury to the domestic epoxy resin industry. The petitions address unfairly traded imports and significant subsidies provided to foreign producers. The U.S. producers, including Olin, emphasize the importance of domestic epoxy production for critical U.S. industries and supply chain resiliency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
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Rhea-AI Summary
Olin (NYSE: OLN) will review its first quarter 2024 financial results on April 26, 2024. The company is a global chemical products manufacturer and a leading U.S. ammunition producer. Interested participants can access the conference call and webcast for more details.
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Rhea-AI Sentiment
End-of-Day
1.48%
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Olin Corporation (NYSE: OLN) appoints Kenneth Lane as President and CEO, replacing Scott Sutton. Lane brings over 30 years of experience in the chemical industry. Olin aims to leverage Lane's expertise to drive growth and shareholder value.
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Rhea-AI Sentiment
End-of-Day
-2.66%
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Rhea-AI Summary
Olin Corporation (OLN) has been named co-winner of the 2024 Global Innovation Award by JEC Composites in the Renewable Energies category for the Circular Economy for Thermoset Epoxy Composites (CETEC) project. Olin's partnership with Vestas Wind Systems A/S, Aarhus University, Danish Technological Institute, and Stena Recycling has resulted in a novel sustainability solution for recycling materials from wind blades, employing a proprietary chemical process. This innovation has the potential to establish a circular economy for wind blades and expand to other industries beyond wind energy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
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Rhea-AI Summary
Olin Corporation (OLN) reported a net income of $52.9 million for the fourth quarter of 2023, with quarterly adjusted EBITDA of $210.1 million and share repurchases of $711.3 million in 2023. The company expects 2024 adjusted EBITDA to improve from 2023. Sales in the fourth quarter of 2023 were $1,614.6 million, compared to $1,977.0 million in the fourth quarter of 2022. Full year 2023 reported net income was $460.2 million, or $3.57 per diluted share, which compares to full year 2022 reported net income of $1,326.9 million, or $8.94 per diluted share. Olin's CEO, Scott Sutton, expressed confidence in the company's future and its capital allocation strategy, despite the challenging economic environment of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.57%
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Olin Corporation (NYSE: OLN) to Review Fourth Quarter 2023 Financial Results in Conference Call
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End-of-Day
2.32%
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Rhea-AI Summary
Olin Corporation reports third quarter 2023 financial results, with net income of $104.1 million and adjusted EBITDA of $314.8 million. The company plans to focus on actions to improve 2024. Share repurchases of $202.1 million were made in the third quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.03%
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Rhea-AI Summary
Olin Corporation achieves ISCC PLUS certification for its Stade facility in Germany
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Rhea-AI Sentiment
End-of-Day
-1.61%
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Olin Corporation completes acquisition of White Flyer Targets, combining it with Winchester Ammunition business. The acquisition includes five manufacturing facilities and the ECO FLYER® target product line. Olin funded the transaction with cash on hand and expects it to be immediately accretive to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
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Olin Corp.
NYSE:OLN
OLN Rankings
OLN Stock Data
6.61B
119.51M
0.31%
90.22%
2.31%
Other Chemical and Allied Products Merchant Wholesalers
Wholesale Trade
United States of America
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About OLN
olin corporation (nyse: oln) has a long history of supplying quality products and services to our customers, while generating value for our shareholders. on a daily basis, we are meeting our customers' evolving needs through innovation and an unwavering commitment to exceeding expectations and maintaining the highest ethical standards. olin's 6,300 dedicated employees across the globe are also fully committed to being good neighbors and environmental stewards in the communities in which we operate. download the olin careers app today.