OLN Olin Corp
Olin Corporation (Olin) is a Virginia corporation incorporated in 1892, having its principal executive offices in Clayton, MO. We are a manufacturer concentrated in three business segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide, which represent 57% of 2018 sales. The Epoxy segment produces and sells a full range of epoxy materials including allyl chloride, epichlorohydrin, liquid epoxy resins, solid epoxy resins and downstream products such as differentiated epoxy resins and additives, which represent 33% of 2018 sales. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges, which represent 10% of 2018 sales. See our discussion of our segment disclosures contained in Item 7—“Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
Company profile
Ticker
OLN
Exchange
CEO
John E. Fischer
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Huntsman • FMC • PQ • GCP Applied • Balchem • Innospec • Gulf Resources • Ingevity • Biolargo • Loop Industries ...
Former names
Olin Corp
SEC CIK
Corporate docs
IRS number
131872319
OLN stock data
()
Calendar
1 Aug 19
25 Aug 19
31 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 1.59B | 1.55B | 1.64B | 1.87B | |
| Net income | -20M | 41.7M | 53.3M | 195.1M | |
| Diluted EPS | -0.12 | 0.25 | 0.32 | 1.16 | |
| Net profit margin | -1.26% | 2.68% | 3.26% | 10.42% | |
| Operating income | 28.5M | 95.2M | 126.8M | 314.5M | |
| Net change in cash | 21.2M | -73.1M | 22.1M | 12.5M | |
| Cash on hand | 126.9M | 105.7M | 178.8M | 156.7M | |
| Cost of revenue | 1.46B | 1.35B | 1.39B | 1.44B |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 6.95B | 6.27B | 5.55B | 2.85B | |
| Net income | 327.9M | 549.5M | -3.9M | -1.4M | |
| Diluted EPS | 1.95 | 3.26 | -0.02 | -0.01 | |
| Net profit margin | 4.72% | 8.77% | -0.07% | -0.05% | |
| Operating income | 676.9M | 296.6M | 107.8M | 100.9M | |
| Net change in cash | -39.6M | 0 | -173.6M | 135.2M | |
| Cash on hand | 178.8M | 218.4M | 218.4M | 392M | |
| Cost of revenue | 5.82B | 5.55B | 4.94B | 2.49B |
Financial data from Olin earnings reports
Financial report summary
?Competition
Hexion • Petroleum • Axiall • Solvay • Orbital Atk • Clarus • Huntsman • Ammo • Huntsman • Westlake ChemicalManagement Discussion
- Net (loss) income was $(20.0) million and $21.7 million for the three and six months ended June 30, 2019, respectively, compared to net income of $58.6 million and $79.5 million, respectively, for the comparable prior year periods. The decrease in income from the prior year was due to lower Chlor Alkali Products and Vinyls and Winchester segment results, increased environmental expenses as a result of agency action and increased costs associated with the Information Technology Project (as defined below). Epoxy segment results were lower for the three months ended June 30, 2019 compared to 2018, but improved for the six months ended June 30, 2019 compared to prior year. Net income for the six months ended June 30, 2019 also included a pretax gain of $11.2 million on the sale of our equity interest in a non-consolidated affiliate. In 2017, we began a multi-year implementation of new enterprise resource planning, manufacturing and engineering systems, and related infrastructure (collectively, the Information Technology Project).
Content analysis
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H.S. sophomore Avg
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New words:
advantage, agency, consulting, delayed, downsized, extensive, growth, Longer, organizational, portfolio, redesign, showed, training, unsecured
Removed:
decline
Financial reports
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
25 Feb 19
10-Q
2018 Q3
Quarterly report
30 Oct 18
10-Q
2018 Q2
Quarterly report
1 Aug 18
10-Q
2018 Q1
Quarterly report
2 May 18
10-K
2017 FY
Annual report
26 Feb 18
10-Q
2017 Q3
Quarterly report
31 Oct 17
10-Q
2017 Q2
Quarterly report
1 Aug 17
10-Q
2017 Q1
Quarterly report
3 May 17
Current reports
8-K
Departure of Directors or Certain Officers
22 Aug 19
8-K
Olin Announces $100 Million Accelerated Share Repurchase
5 Aug 19
8-K
Olin Announces Second Quarter 2019 Results
31 Jul 19
8-K
Entry into a Material Definitive Agreement
16 Jul 19
8-K
Olin to Pursue Registered Debt Offering
12 Jul 19
8-K
Other Events
11 Jul 19
8-K
Olin Updates Second Quarter 2019 and Full Year 2019 Outlook Announces Schedule for Second Quarter Earnings Release and Conference Call
10 Jul 19
8-K
Heidi S. Alderman Appointed to Olin’s Board of Directors
14 Jun 19
8-K
Beverley A. Babcock Appointed to Olin’s Board of Directors
10 Jun 19
8-K
Olin Announces First Quarter 2019 Earnings
30 Apr 19
Registration and prospectus
424B5
Prospectus supplement for primary offering
15 Jul 19
FWP
Free writing prospectus
11 Jul 19
424B5
Prospectus supplement for primary offering
11 Jul 19
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Aug 18
S-8
Registration of securities for employees
1 May 18
424B5
Prospectus supplement for primary offering
18 Jan 18
FWP
Free writing prospectus
17 Jan 18
424B5
Prospectus supplement for primary offering
16 Jan 18
424B5
Prospectus supplement for primary offering
7 Mar 17
FWP
Free writing prospectus
7 Mar 17
Proxies
DEFA14A
Additional proxy soliciting materials
1 Mar 19
DEF 14A
Definitive proxy
1 Mar 19
DEFA14A
Additional proxy soliciting materials
9 Mar 18
DEF 14A
Definitive proxy
2 Mar 18
DEFA14A
Additional proxy soliciting materials
13 Apr 17
DEF 14A
Definitive proxy
8 Mar 17
DEFA14A
Additional proxy soliciting materials
31 Mar 16
DEF 14A
Definitive proxy
3 Mar 16
DEFM14A
Proxy related to merger
17 Aug 15
PRER14A
Preliminary revised proxy
12 Aug 15
Other
SD
Conflict minerals disclosure
20 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
EFFECT
Notice of effectiveness
6 Sep 16
CORRESP
Correspondence with SEC
1 Sep 16
UPLOAD
Letter from SEC
2 Aug 16
SD
Conflict minerals disclosure
27 May 16
UPLOAD
Letter from SEC
12 Apr 16
CORRESP
Correspondence with SEC
11 Apr 16
UPLOAD
Letter from SEC
28 Mar 16