secwatch.observer — SEC 8-K summary
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Issuer:     OLIN Corp (OLN)
CIK:        0000074303
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000074303-24-000165
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 EPS $0.62 vs $1.13 YoY; Hurricane Beryl estimated $100M EBITDA hit in Q3
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74303/000007430324000165/0000074303-24-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74303/000007430324000165/oln-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000074303-24-000165

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