---
schema_version: "secwatch.filing_event.v1"
accession: "0000074303-23-000134"
form_type: "8-K"
ticker: "OLN"
cik: "0000074303"
company_name: "OLIN Corp"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:24:33.972396+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Olin Q2 net income drops 65% to $1.13 EPS; full-year adjusted EBITDA guided to ~$1.4B

## Summary
- Q2 2023 net income $146.9M ($1.13 diluted EPS) vs $422.1M ($2.76 EPS) a year ago; adjusted EBITDA $351.1M vs $727.3M.
- Sales fell 35% YoY to $1.7B; Chlor Alkali segment earnings down 48% to $180.1M; Epoxy segment swung to a $0.5M loss.
- Expects Q3 2023 adjusted EBITDA ~10% lower than Q2 2023; full-year adjusted EBITDA guided to ~$1.4B.
- Board declared $0.20 quarterly dividend (387th consecutive), payable Sept 8, 2023 to holders of record Aug 10, 2023.
- Repurchased 3.5M shares for $186.9M in Q2; 7.1M shares for $393M in H1 2023.

## SEC filing metadata
- accession: 0000074303-23-000134
- form_type: 8-K
- ticker: OLN
- cik: 0000074303
- company_name: OLIN Corp
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74303/000007430323000134/0000074303-23-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74303/000007430323000134/oln-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074303-23-000134
- JSON: https://secwatch.observer/filing/0000074303-23-000134.json
- Plain text: https://secwatch.observer/filing/0000074303-23-000134.txt

## Key facts
- Earnings Releases
  OLIN Corp reported second quarter ended June 30, 2023 results: revenue $1,702.7 million, net income $146.9 million, EPS $1.13. Guidance initiated.
  - Period: second quarter ended June 30, 2023
  - Revenue: $1,702.7 million
  - Net income: $146.9 million
  - EPS: $1.13
  - Guidance: initiated
  - Result: reported results
  source text: fleet and operations of $27.0 million, and restructuring charges of $19.2 million. Second quarter 2022 adjusted EBITDA was $727.3 million. Sales in the second quarter 2023 were $1,702.7 million compared to $2,616.1 million in the second quarter 2022. Scott Sutton, Chairman, President, and Chief Executive Officer, said, “In this challenging demand environment, Olin’s
  evidence_url: https://www.sec.gov/Archives/edgar/data/74303/000007430323000134/0000074303-23-000134-index.htm

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