{"schema_version":"secwatch.filing_event.v1","accession":"0000074303-23-000130","form_type":"8-K","ticker":"OLN","cik":"0000074303","company_name":"OLIN Corp","filed_at":"2023-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.134589+00:00","generated_at":"2026-06-13T22:00:33.527354+00:00","sec_items":["2.02","2.05","2.06","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Olin lowers Q2 adjusted EBITDA guidance to $350-360M, announces epoxy restructuring","bullets":["Q2 adjusted EBITDA expected $350-360M, down from prior forecast due to ~$50M impact from extended VCM turnaround and weak demand.","Ceasing Gumi, S. Korea operations; reducing Freeport epoxy capacity; cutting Asia sales/support staff; completion by Dec 31, 2023.","Q2 restructuring charges of ~$12M comprising ~$6M non-cash impairment and ~$6M cash for severance and contract termination.","Combined epoxy restructuring expected to deliver $50M annual EBITDA improvement beginning Q4 2023.","VCM plant returned at reduced rate after ~7-week extended maintenance turnaround."],"urls":{"canonical":"https://secwatch.observer/filing/0000074303-23-000130","json":"https://secwatch.observer/filing/0000074303-23-000130.json","markdown":"https://secwatch.observer/filing/0000074303-23-000130.md","text":"https://secwatch.observer/filing/0000074303-23-000130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/74303/000007430323000130/0000074303-23-000130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/74303/000007430323000130/oln-20230620.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T22:00:33.527354+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"077f06c577350f51b068bee6aed9e6e135b5f1be","claim":"OLIN Corp updated its second quarter 2023 guidance (lowered).","evidence_excerpt":"Olin Updates Second Quarter 2023 Outlook and Announces Additional Epoxy Restructuring Actions","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/74303/000007430323000130/0000074303-23-000130-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"ac48d5122cce87238bee1faef5a9d0ecf9493d34","claim":"OLIN Corp announced a restructuring with charges of approximately $12 million of restructuring charges affecting epoxy resin business; Gumi, South Korea facility; Freeport, Texas facility; sales and support staffing across Asia (reduce its sales and support staffing across Asia).","evidence_excerpt":"In the second quarter of 2023, Olin expects to incur approximately $12 million of restructuring charges under this action plan, of which approximately $6 million of these restructuring charges represent non-cash asset impairment of equipment and facility.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/74303/000007430323000130/0000074303-23-000130-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $12 million of restructuring charges"},{"label":"Affected area","value":"epoxy resin business; Gumi, South Korea facility; Freeport, Texas facility; sales and support staffing across Asia"},{"label":"Headcount","value":"reduce its sales and support staffing across Asia"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}