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Olin Corp (OLN.N)

OLN.N on New York Stock Exchange

36.88USD
19 Jan 2018
Change (% chg)

$0.24 (+0.66%)
Prev Close
$36.64
Open
$36.82
Day's High
$37.06
Day's Low
$36.19
Volume
324,243
Avg. Vol
411,089
52-wk High
$38.80
52-wk Low
$25.60

Latest Key Developments (Source: Significant Developments)

Olin Announces Pricing Terms Of Debt Offering
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Olin Corp ::OLIN ANNOUNCES PRICING TERMS OF DEBT OFFERING.OLIN CORP - ANNOUNCED PRICING OF ITS OFFERING OF $550 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2030.OLIN CORP - ‍OFFERING WAS UPSIZED TO $550 MILLION FROM PREVIOUSLY ANNOUNCED OFFERING SIZE OF $500 MILLION​.OLIN CORP - SENIOR NOTES WILL MATURE ON FEBRUARY 1, 2030.  Full Article

Olin To Pursue Registered Debt Offering
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Olin Corp ::OLIN TO PURSUE REGISTERED DEBT OFFERING.OLIN CORP - INTENDS TO COMMENCE AN OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2030.OLIN-TO USE PROCEEDS OF OFFERING, WITH CASH ON HAND, TO PREPAY IN PART TERM LOANS OUTSTANDING UNDER EXISTING TERM LOAN CREDIT FACILITY, MATURING 2022.  Full Article

Olin reports Q3 earnings per share $0.31
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Olin Corp :Olin announces third quarter 2017 earnings.Q3 earnings per share $0.31.Q3 sales $1.555 billion versus I/B/E/S view $1.58 billion.Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Olin Corp - ‍expect Q4 2017 adjusted EBITDA of approximately $280 million with upside opportunities and downside risks of approximately 5 pct​.Olin Corp - ‍Q3 2017 adjusted EBITDA was reduced by $42.7 million associated with Hurricane Harvey​.  Full Article

Earl Shipp elected to Olin's board of directors
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Dowdupont Inc :Earl L. Shipp elected to Olin's board of directors and Olin declares 364th consecutive quarterly dividend.  Full Article

Olin declares Force Majeure for product shipments from Freeport, Texas
Thursday, 31 Aug 2017 

Aug 31 (Reuters) - Olin Corp ::Olin declares Force Majeure for product shipments from Freeport, Texas.Olin Corp - ‍all of its plants at Freeport, Texas facility are operational and were not damaged by hurricane Harvey​.Olin Corp - ‍has been forced to reduce production at Freeport facility due to certain problems caused by severe flooding resulting from hurricane​ Harvey.Olin Corp - ‍further curtailment of production at Freeport, Texas facility is likely to occur​.  Full Article

Olin Corp says files for potential mixed shelf - SEC filing
Monday, 6 Mar 2017 

Olin Corp :Olin Corp- Files for potential mixed shelf; size not disclosed - SEC filing.  Full Article

Olin qtrly loss per share $0.01
Tuesday, 2 Aug 2016 

Olin Corp : Olin announces second quarter 2016 earnings . Q2 adjusted operating earnings per share $0.24 excluding items . Q2 sales $1.364 billion versus I/B/E/S view $1.42 billion . Sees Q3 2016 earnings per share $0.10 to $0.20 . Q2 loss per share $0.01 . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Olin Corp says expects full year adjusted EBITDA to be in range of $840 million to $900 million . Sequentially higher Chlor Alkali products and Vinyls segment earnings are expected for Q3 . Q3 earnings per share view $0.34, revenue view $1.46 billion -- Thomson Reuters I/B/E/S ."There are significant cost and operational synergy savings expected to be realized over next four to six quarters".  Full Article

Olin qtrly loss per share $0.01
Monday, 1 Aug 2016 

Olin Corp : Olin announces second quarter 2016 earnings . Q2 adjusted operating earnings per share $0.24 excluding items . Q2 sales $1.364 billion versus I/B/E/S view $1.42 billion . Sees Q3 2016 earnings per share $0.10 to $0.20 . Q2 loss per share $0.01 . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Olin Corp says expects full year adjusted EBITDA to be in range of $840 million to $900 million . Sequentially higher Chlor Alkali products and Vinyls segment earnings are expected for Q3 . Q3 earnings per share view $0.34, revenue view $1.46 billion -- Thomson Reuters I/B/E/S ."There are significant cost and operational synergy savings expected to be realized over next four to six quarters".  Full Article

Olin expects 2016 adj. EBITDA in range $840 mln-$900 mln
Thursday, 21 Jul 2016 

Olin Corp : For q2 2016, Olin now expects net income to be approximately breakeven and adjusted EBITDA to be approximately $180 million . Integration process remains on track, and there are significant cost and operational synergy savings to be realized over next 18 months . Revision to Q2 net income, adjusted EBITDA outlook was driven primarily by weaker than expected domestic caustic soda demand during May and June . Olin updates second quarter and full year 2016 outlook . Sees Q2 2016 earnings per share about $0.00 . Says continues to expect Winchester results for full year 2016 to exceed 2015 levels . Now expects full year 2016 adjusted EBITDA to be in range of $840 million to $900 million . Says "believes that second half 2016 performance will benefit from higher domestic and export caustic soda pricing" .Expects procurement and maintenance related cost and operational savings of $125 million to $150 million over next four to six quarters.  Full Article

Olin Corp announces chlor alkali capacity reductions - Reuters News
Monday, 21 Mar 2016 

Olin Corp:Olin announces chlor alkali capacity reductions.Will close its chlor alkali plant in Henderson, Nevada.Henderson workforce will be reduced by approximately 100 positions​.Q1 2016 results will contain approximately $95 million of pretax restructuring charges.Cash component of these charges includes employee related costs and contract terminations associated with Henderson, Nevada facility​.Approximately 80 percent of these restructuring charges represent non-cash asset impairment charges.Charges are associated with plans to close a combined total of 433,000 tons of chlor alkali capacity across three separate Olin locations.Says capacity reduction will be effective march 31, 2016.Chlor alkali capacity at Freeport, Texas facility will be reduced by 220,000 tons.Following capacity reduction in Freeport, site will have 1,450,000 tons of membrane cell capacity,1,580,000 tons of diaphragm cell capacity.Manufacturing of chlor alkali at Henderson location will cease on March 31, 2016​.  Full Article

BRIEF-Olin Announces Pricing Terms Of Debt Offering

* OLIN CORP - ANNOUNCED PRICING OF ITS OFFERING OF $550 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2030