Olin Q4 net income $52.9M ($0.43 EPS) vs $196.6M ($1.43) YoY; EBITDA $210.1M

OLIN Corp

2023-FY EPS reported $3.57 revenue$6,833,000,000

Sales $1,614.6M, down 18% YoY from $1,977.0M; adjusted EBITDA $210.1M vs $441.8M.
Chlor Alkali earnings $65.9M vs $252.3M; Epoxy loss of $23.1M vs income $30.5M; Winchester earnings up to $65.4M.
Value accelerator initiative negatively impacted Q4 results by ~$100M; management expects 2024 adjusted EBITDA improvement.
Repurchased 13.3M shares ($711.3M) in 2023; net debt $2.5B with leverage 1.9x EBITDA.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLIN Corp reported the fourth quarter ended December 31, 2023 results: revenue $1,614.6 million, net income $52.9 million, EPS $0.43 per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $1,614.6 million
Net income: $52.9 million
EPS: $0.43 per diluted share
Result: reported results

Exact text from the filing

Olin Corporation (NYSE: OLN) announced financial results for the fourth quarter ended December 31, 2023. Fourth quarter 2023 reported net income was $52.9 million, or $0.43 per diluted share, which compares to fourth quarter 2022 reported net income of $196.6 million, or $1.43 per diluted share. Fourth quarter 2023 adjusted EBITDA of $210.1 million excludes depreciation and amortization expense of $128.5 million, insurance recoveries of $22.0 million, and restructuring income of $2.4 million. Fourth quarter 2022 adjusted EBITDA was $441.8 million. Sales in the fourth quarter 2023 were $1,614.6 million, compared to $1,977.0 million in the fourth quarter 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLIN Corp reported full year 2023 results: net income $460.2 million, EPS $3.57 per diluted share.

Period: full year 2023
Net income: $460.2 million
EPS: $3.57 per diluted share
Result: reported results

Exact text from the filing

Full year 2023 reported net income was $460.2 million, or $3.57 per diluted share, which compares to full year 2022 reported net income of $1,326.9 million, or $8.94 per diluted share.

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485 earnings releases filed in the last 30 days. Browse all earnings releases →

OLIN Corp filing history →

Source: SEC EDGAR

accession 0000074303-24-000005

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