Olin Stock Price, News & Analysis

Olin Corporation (NYSE: OLN) plans to permanently close its remaining diaphragm-grade chlor alkali capacity, totaling approximately 200,000 ECU tons, at the McIntosh, Alabama facility by the end of Q3 2022. This follows a previous shutdown of 200,000 ECU tons earlier in 2021, leading to a total reduction of around 855,000 ECU tons since early 2021. CEO Scott Sutton stated this move aims to enhance ECU values to a more sustainable level.

On September 30, 2021, Olin Corporation (NYSE: OLN) announced the election of Matthew S. Darnall and W. Anthony Will as new directors to its Board. Darnall, former Managing Director at Goldman Sachs, will be on the Audit and Corporate Governance Committees, bringing valuable experience in mergers and acquisitions. Will, CEO of CF Industries, will serve on the Compensation and Corporate Governance Committees, adding expertise in corporate development and risk management. The announcement follows the resignations of non-executive directors John M. B. O'Connor, Gray G. Benoist, and W. Barnes Hauptfuhrer, effective immediately.

Olin Corporation (NYSE: OLN) will discuss its Q3 2021 financial results on October 22, 2021, at 9:00 a.m. ET. A press release containing detailed financial statements will be available after market close on October 21, 2021. Interested parties can join the conference call at (877) 883-0383 or via a live webcast on Olin's website. The call will also be available for replay for a limited time. Olin is a leading manufacturer of chemical products and ammunition, producing essential chemicals like chlorine, caustic soda, and vinyls, along with various types of ammunition.

Olin Corporation (NYSE: OLN) reported a net income of $355.8 million for Q2 2021, a significant turnaround from a net loss of $120.1 million in Q2 2020. Adjusted EBITDA reached a record $559.2 million, compared to $71.5 million in the prior year. Sales surged to $2.2 billion, driven by improved pricing and volumes across its segments. The Chlor Alkali Products and Vinyls segment saw earnings of $168.9 million, while Epoxy and Winchester also achieved record earnings. Olin plans to reduce debt by $1 billion and declared a quarterly dividend of $0.20.

Olin Corporation's Board of Directors has declared a quarterly dividend of $0.20 per share on common stock, payable on September 10, 2021. Shareholders of record as of August 10, 2021 will receive this dividend, marking the company's 379th consecutive quarterly dividend. Olin Corporation is a prominent global manufacturer of chemical products and ammunition, providing a wide range of products including chlorine, caustic soda, and various types of ammunition.

Olin Corporation (NYSE: OLN) has announced a new agreement with ASHTA Chemicals, Inc. to optimize logistics for chlorine production at ASHTA's Ashtabula, OH facility. This partnership aims to reduce transportation costs and enhance supply security within Olin's network, as both companies will honor existing customer contracts. Olin's expertise in chlorine delivery and ASHTA's focus on potassium hydroxide production are highlighted as key strengths in this collaboration.

Olin Corporation's Winchester Ammunition Division has pledged $100,000 to the Folds of Honor Foundation, which provides educational scholarships to the families of U.S. Armed Forces members who are fallen or disabled. This initiative supports their mission of honoring military families and enhancing educational opportunities. Additionally, Winchester has introduced a limited-edition USA VALOR™ collection of military-inspired ammunition to commemorate the partnership and further support the foundation.

Olin Corporation (NYSE: OLN) will present its second quarter 2021 financial results on July 28, 2021, at 10:00 a.m. Eastern time. A detailed press release, including financial statements, will be issued post-market on July 27, 2021. Interested parties can join the conference call via phone or live webcast on the company's website. Olin is a global manufacturer of chemical products and ammunition, producing essentials like chlorine, caustic soda, and sporting ammunition.

Olin Corporation (NYSE: OLN) announced the permanent shutdown of about 20% of its diaphragm-grade chlor alkali capacity (approximately 225,000 ECU tons) at its Plaquemine, LA facility, effective June 1, 2021. This decision aims to improve cash flow by focusing on higher-margin products. Earlier this year, Olin also closed 200,000 ECU tons at its McIntosh, AL facility and plans to shut down another 230,000 ECU tons at its Freeport, TX facility in Q2 2021. Olin emphasizes a shift towards its transformative phases for better cash generation.