secwatch.observer — SEC 8-K summary
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Issuer:     OLIN Corp (OLN)
CIK:        0000074303
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000074303-23-000174
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Olin Q3 net income $104.1M, down 67% YoY; idles two chlor-alkali plants, sees Q4 EBITDA ~$200M
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- Q3 2023 net income $104.1M ($0.82 diluted EPS) vs $315.2M ($2.18) a year ago; adjusted EBITDA $314.8M vs $547.8M.
- Sales $1,671.4M, down 28% from $2,321.7M; Chlor Alkali segment earnings fell $81.6M, Epoxy had a loss of $28.8M.
- Idled St. Gabriel, LA facility and its largest chlor-alkali plant in Freeport, TX; expects Q4 adjusted EBITDA ~$200M, cut by ~$100M vs prior view.
- Board declared quarterly dividend $0.20/share, payable Dec 8 to holders of record Nov 9; 388th consecutive quarterly dividend.
- Repurchased 3.7M shares ($202.1M) in Q3; YTD repurchases ~10.8M shares ($595.1M); $1.1B remaining authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000174/0000074303-23-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000174/oln-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000074303-23-000174

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