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Olin Corporation (OLN) delivers essential chemical solutions and ammunition products through its vertically integrated operations. This news hub provides investors and industry professionals with comprehensive access to official announcements, strategic developments, and operational updates from the specialty chemicals and defense manufacturing leader.
Track key business activities across Olin's core segments including Chlor Alkali production, epoxy resin innovations, and Winchester ammunition systems. Our curated news collection features earnings reports, facility expansions, product launches, and partnership announcements – all critical for understanding this dual-industry operator.
Discover timely updates on market leadership in chlorine derivatives, caustic soda applications, and defense sector supplies. The archive serves as an objective resource for analyzing Olin's operational strategies, supply chain developments, and responses to industrial market trends.
Bookmark this page for streamlined access to verified Olin Corporation communications. Check regularly for updates impacting chemical sector investments and ammunition industry dynamics.
Olin (NYSE: OLN) has completed the acquisition of AMMO, Inc.'s small caliber ammunition assets, integrating them into its Winchester Ammunition business. The acquisition includes a new 185,000 square foot production facility in Manitowoc, Wisconsin, along with brass shellcase capabilities and employees.
The transaction, funded from available liquidity, is expected to be immediately accretive to shareholders, with projected first-year adjusted EBITDA of $10-15 million including synergies. Once fully integrated, the acquisition is anticipated to generate $40 million in annual adjusted EBITDA with full synergy realization.
The Manitowoc facility will focus on high-margin specialty calibers, expanding Winchester's reach into higher-value commercial and international military markets while enabling legacy plants to concentrate on high-volume products.
Olin (NYSE: OLN) has scheduled its first quarter 2025 earnings conference call for Friday, May 2, 2025, at 9:00 a.m. Eastern time. The company will release its Q1 2025 financial results and presentation slides after market close on Thursday, May 1, 2025.
The conference call will be accessible via toll-free numbers for U.S. and Canadian callers, with an international dial-in option available. A webcast will be hosted on the company's website at www.olin.com, remaining available for replay for one year.
Olin operates as a vertically integrated global manufacturer and distributor of chemical products, producing chlorine, caustic soda, vinyls, epoxies, and other chemical products. The company is also a leading U.S. ammunition manufacturer through its Winchester division, which produces sporting ammunition, law enforcement ammunition, and military ammunition components.
Olin (NYSE: OLN) has appointed retired U.S. Army General Edward Daly to its Board of Directors, effective March 5, 2025. General Daly, who will serve on the Compensation Committee, brings over 36 years of military service and extensive expertise in defense procurement and logistics.
As the former Commanding General of the U.S. Army Materiel Command, Daly led 190,000 personnel across all 50 states and over 150 countries, managing an annual budget exceeding $50 billion. Since retiring in May 2023, he has founded Virtus 9, a national security-focused startup, and serves as President of Daly Consulting & Logistics.
The West Point graduate and holder of advanced degrees from Gonzaga University and U.S. Army War College is notably the only career Logistics 4-Star General from West Point since its founding in 1802. His appointment aims to provide strategic insight for Olin's growth across its chemical products and ammunition businesses.
Olin (NYSE: OLN) has priced a private offering of $600 million aggregate principal amount of 6.625% senior notes due 2033. The initial offering price is set at 100.000% of the principal amount. The notes will be senior unsecured obligations without subsidiary guarantees.
The offering is expected to close on March 14, 2025. Olin plans to use the proceeds, along with new replacement credit facilities, to: redeem $500 million of 5.125% Senior Notes due 2027, refinance existing revolving credit facility and repay borrowings including those for redeeming 9.500% Senior Notes due 2025, refinance existing term loan facility, and cover related expenses.
The notes are being offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
Olin (NYSE: OLN) has announced plans to offer $600 million in senior notes due 2033. The company intends to use the proceeds, along with new replacement credit facilities, to execute several refinancing transactions including:
- Redeeming $500 million of 5.125% Senior Notes due 2027
- Refinancing existing revolving credit facility and repaying all borrowings
- Redeeming all 9.500% Senior Notes due 2025
- Refinancing existing term loan facility
- Paying related fees and expenses
The senior notes will be offered privately to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The notes will be Olin's senior unsecured obligations without subsidiary guarantees.
Olin (NYSE: OLN) announced that its Winchester division, in partnership with U.S. Army organizations, broke ground on a new 6.8mm Ammunition Facility at the Lake City Army Ammunition Plant (LCAAP). The 450,000-square-foot facility, part of the Next Generation Squad Weapons Program, will manufacture all components of 6.8mm ammunition and finished rounds for the U.S. military.
The groundbreaking ceremony was attended by over 100 special guests, including military officials and government representatives. The project will involve 90% of work supported by Kansas City region industries and nearly 50 local businesses in the construction phase, contributing to local economic growth and job creation.
The facility represents a significant advancement in the Army's modernization efforts and continues LCAAP's legacy in ammunition production, which dates back to 1941.
Olin (NYSE: OLN) reported fourth quarter 2024 financial results with net income of $10.7 million ($0.09 per diluted share), down from $52.9 million ($0.43 per diluted share) in Q4 2023. Q4 2024 adjusted EBITDA was $193.4 million, compared to $210.1 million in Q4 2023.
Sales increased to $1,671.3 million from $1,614.6 million year-over-year. For full year 2024, net income was $108.6 million ($0.91 per diluted share), significantly lower than $460.2 million ($3.57 per diluted share) in 2023.
The company expects Q1 2025 adjusted EBITDA between $150-170 million, with challenging conditions continuing. During 2024, Olin repurchased approximately 5% of outstanding shares. The company ended Q4 2024 with $175.6 million in cash and net debt of approximately $2.7 billion.
AMMO Inc. (POWW) has announced the sale of its ammunition manufacturing assets to Olin Winchester for $75 million in cash. The transaction includes the 185,000 square foot production facility and ballistic range in Manitowoc, Wisconsin. The deal, unanimously approved by AMMO's Board of Directors, is expected to close in Q2 2025.
The company will transition to focus exclusively on its profitable GunBroker.com marketplace, the largest online platform for firearms and hunting products. This strategic move aims to streamline operations and strengthen cash flow. The company plans to undergo rebranding and a corporate name change upon closing.
Additionally, AMMO disclosed that a Special Committee investigation regarding certain disclosure and accounting matters for fiscal years 2020-2023 is in its final stages. The company expects to provide updates on historical financial statements in Q1 2025, which were previously deemed unreliable.
Olin (NYSE: OLN) has announced a definitive agreement to acquire AMMO, Inc.'s (NASDAQ: POWW) small caliber ammunition manufacturing assets for $75 million. The acquisition includes AMMO's brass shellcase capabilities and their 185,000 square foot production facility in Manitowoc, Wisconsin, built in 2022.
The assets will be integrated into Olin's Winchester Ammunition business, with expected synergies of $40 million once fully integrated. The acquisition is projected to generate $15-20 million of incremental adjusted EBITDA in the first year. By the third year, Olin expects to have paid less than two times adjusted EBITDA.
The transaction, funded through available liquidity, is expected to close in Q2 2025. The Manitowoc facility will complement Winchester's existing production capabilities, enabling greater specialization and broader participation across high-margin specialty calibers.
Olin (NYSE: OLN) has scheduled its fourth quarter 2024 earnings conference call for Friday, January 31, 2025, at 9:00 a.m. Eastern time. The company will release its financial statements, segment information, and associated slides after market close on Thursday, January 30, 2025.
The conference call will be accessible via toll-free numbers for US and Canadian callers, with an international dial-in option available. A webcast will be available on www.olin.com with one-year replay access. A telephonic replay will be available for 7 days following the call.
Olin operates as a vertically integrated global manufacturer and distributor of chemical products, producing chlorine, caustic soda, vinyls, epoxies, and other chemical products. The company is also a leading U.S. manufacturer of ammunition through its Winchester division.
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