secwatch.observer — SEC 8-K summary
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Issuer:     OLIN Corp (OLN)
CIK:        0000074303
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000074303-23-000090
Event type: earnings
Sentiment:  negative
Materiality: 0.82
Item codes: 2.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Olin Q1 net income $156.3M ($1.16/sh) vs $393M ($2.48/sh) YoY; adjusted EBITDA down 39%
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- Revenue $1,844M (-25% YoY); Chlor Alkali segment earnings $245.9M (-25%), Epoxy $21.4M (-85%), Winchester $61M (-49%).
- Adjusted EBITDA $434.1M vs $710.9M in Q1 2022; expects Q2 adjusted EBITDA slightly lower than Q1.
- Repurchased 3.6M shares for $206.1M during Q1; $1.5B remaining under authorization.
- Board declared quarterly dividend $0.20/share payable June 9 to holders of record May 11.
- Bylaws amended to reduce board size from 9 to 8 after completion of Heidi Alderman's term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000090/0000074303-23-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000090/oln-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000074303-23-000090

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