Olin Corp. (OLN) Tops Q3 EPS by 41c

Olin Corp. (NYSE: OLN) reported Q3 EPS of $1.16, $0.41 better than the analyst estimate of $0.75. Revenue for the quarter came in at $1.87 billion versus the consensus estimate of $1.8 billion.

• adjusted EBITDA of $398.3 million

OUTLOOK

We now believe full year 2018 adjusted EBITDA will be approximately $1.26 billion with upside opportunities and downside risks of approximately 2%. This reflects higher than previously anticipated ethylene costs, resulting from increased ethane prices, of approximately $25 million, lower expected caustic soda pricing of approximately $45 million, and lower Winchester results due to decreased commercial ammunition demand of approximately $15 million. "

For earnings history and earnings-related data on Olin Corp. (OLN) click here.

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