secwatch.observer — SEC 8-K summary
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Issuer:     OLIN Corp (OLN)
CIK:        0000074303
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000074303-23-000134
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000134/0000074303-23-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000134/oln-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000074303-23-000134

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