May 3, 2017 / 12:11 AM / 5 months ago

BRIEF-Olin Corp Q1 shr $0.08

May 3 (Reuters) - Olin Corp:

* Olin announces first quarter 2017 earnings

* Q1 earnings per share $0.08

* Q1 sales $1.567 billion versus I/B/E/S view $1.44 billion

* Q1 earnings per share view $0.22 -- Thomson Reuters I/B/E/S

* Olin corp says reiterated full year 2017 adjusted ebitda forecast of $1 billion

* q2 2017 adjusted ebitda is forecast to improve slightly compared to q1 2017 levels

* expect improved performance from both epoxy and winchester in second half of 2017 compared to first half of year

* Olin corp says expect second half 2017 adjusted ebitda to be significantly stronger than first half 2017 levels

* second half 2017 epoxy results are expected to benefit from lower raw material costs than were experienced in q1

* Sees 2017 capital spending in $300 million to $350 million range

* In quarter,favorable results in chlor alkali products, vinyls were primarily result of higher than anticipated caustic soda,ethylene dichloride pricing Source text for Eikon: Further company coverage:

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