earnings
confidence high
sentiment negative
materiality 0.85
Olin Q2 EPS $0.62 vs $1.13 YoY; Hurricane Beryl estimated $100M EBITDA hit in Q3
OLIN Corp
2024-Q2 EPS reported
$1.01
revenue$3,279,300,000
- Q2 2024 net income $74.2M ($0.62 diluted EPS) vs $146.9M ($1.13) a year ago; adjusted EBITDA $278.1M vs $351.1M.
- Chlor Alkali earnings fell $80.8M to $99.3M on lower caustic soda pricing; Epoxy segment loss $3.0M; Winchester earnings up $5.6M to $70.3M.
- Hurricane Beryl disrupted Freeport, TX operations; Q3 adjusted EBITDA expected to be reduced by ~$100M due to restoration costs and lost sales.
- Quarterly dividend $0.20/share declared (391st consecutive), payable Sept 13, 2024 to Aug 8 holders.
- Repurchased 1.9M shares for $106M in Q2; $0.8B remains under share repurchase authorization.