secwatch.observer — SEC 8-K summary
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Issuer:     OLIN Corp (OLN)
CIK:        0000074303
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000074303-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Olin Q4 2022 net income down 36% YoY; guides 2023 adjusted EBITDA $1.5-2.0B
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- Q4 2022 net income $196.6M ($1.43 diluted EPS) vs $306.6M ($1.89) in Q4 2021; adjusted EBITDA $441.8M vs $686.7M.
- Sales fell 19% to $1,977M from $2,430M; full-year 2022 net income $1,326.9M ($8.94 EPS) vs $1,296.7M ($7.96 EPS) in 2021.
- 2023 adjusted EBITDA guidance of $1.5-$2.0B, down from ~$2.4B in 2022; Q1 2023 expected to decline slightly from Q4 2022.
- Repurchased 25.7M shares for $1.35B in 2022; ended year with ~$1.7B remaining authorization and net debt $2.4B (1.0x EBITDA).
- Segment earnings all declined: Chlor Alkali $252.3M (down 14%), Epoxy $30.5M (down 82%), Winchester $45.7M (down 55%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000018/0000074303-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000018/oln-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000074303-23-000018

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