Olin Corp. (OLN) Misses Q3 EPS by 25c

Olin Corp. (NYSE: OLN) reported Q3 EPS of ($0.21), $0.25 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.58 billion.

• Commenting on the overall outlook, Lane continued, "We are encouraged to see global caustic soda demand continue to slowly improve albeit with seasonally lower demand expected during the fourth quarter. Excluding the Hurricane Beryl impact, we anticipate our Chemical businesses' fourth quarter 2024 adjusted EBITDA to seasonally decline from third quarter 2024. Based on our current outlook, we expect Olin's fourth quarter 2024 adjusted EBITDA to be in the range of $170 to $200 million. Olin remains disciplined in our value-focused commercial model and our capital allocation strategy, which continues to drive cash flows and enables our priority to return cash to shareholders."

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

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