---
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"
generated_at: "2026-06-13T22:00:33.527354+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Olin lowers Q2 adjusted EBITDA guidance to $350-360M, announces epoxy restructuring

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 2.06, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074303-23-000130
- JSON: https://secwatch.observer/filing/0000074303-23-000130.json
- Plain text: https://secwatch.observer/filing/0000074303-23-000130.txt

## Key facts
- Earnings Releases
  OLIN Corp updated its second quarter 2023 guidance (lowered).
  - Period: second quarter 2023
  - Guidance: lowered
  - Result: guidance update
  source text: Olin Updates Second Quarter 2023 Outlook and Announces Additional Epoxy Restructuring Actions
  evidence_url: https://www.sec.gov/Archives/edgar/data/74303/000007430323000130/0000074303-23-000130-index.htm
- Restructurings & Charges
  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).
  - Type: restructuring
  - Charge: approximately $12 million of restructuring charges
  - Affected area: epoxy resin business; Gumi, South Korea facility; Freeport, Texas facility; sales and support staffing across Asia
  - Headcount: reduce its sales and support staffing across Asia
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/74303/000007430323000130/0000074303-23-000130-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.