Olin (OLN)

Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.

Company profile

Ticker

OLN

Exchange

NYSE

Website

www.olin.com

CEO

John Fischer

Incorporated

Virginia

Location

Missouri

Fiscal year end

Dec 31

Sector

Wholesale Trade > Other Chemical and Allied Products Merchant Wholesalers

Industry (SIC)

Chemicals & Allied Products

Huntsman • Chemours • Ecovyst • FMC • Perimeter Solutions • GCP Applied • Ingevity • Innospec • Livent • Huntsman International ...

Former names

Olin Corp

SEC CIK

0000074303

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Blue Cube Holding LLC • Blue Cube Intermediate Holding 1 LLC • Blue Cube Intermediate Holding 2 LLC • Blue Cube International Holdings LLC • Blue Cube IP LLC • Blue Cube Operations LLC • Blue Cube Spinco LLC • Henderson Groundwater LLC • HPCM LLC • Hunt Trading Co. ...

IRS number

131872319

OLN stock data

1M 1Y 5Y

News

From Benzinga Pro

White House Said Working to Push Assault Weapons Ban in Senate

6 Aug 22

-Reuters https://www.reuters.com/world/us/white-house-says-it-is-working-push-assault-weapons-ban-senate-2022-08-06/

Olin: Dividend Insights

4 Aug 22

Monday marks the last chance for investors to receive the next dividend payout from Olin (NYSE:OLN).

Piper Sandler Maintains Overweight on Olin, Lowers Price Target to $73

2 Aug 22

Piper Sandler analyst Charles Neivert maintains Olin (NYSE:OLN) with a Overweight and lowers the price target from $80 to $73.

RBC Capital Maintains Outperform on Olin, Lowers Price Target to $70

1 Aug 22

Wells Fargo Maintains Overweight on Olin, Lowers Price Target to $69

1 Aug 22

Press releases

From Benzinga Pro

Olin Announces Second Quarter 2022 Results and $2 Billion Share Repurchase Program

28 Jul 22

Highlights Second quarter 2022 net income of $422.1 million, or $2.76 per diluted shareRecord quarterly adjusted EBITDA of $727.3 millionShare repurchases of $426.5 million in second quarter 2022Expect 2022 adjusted

Olin Corporation Second Quarter 2022 Earnings Conference Call Announcement

6 Jul 22

CLAYTON, Mo., July 6, 2022 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced today that on Friday, July 29, 2022 at 9:00 a.m. Eastern time, Olin's senior management will review the company's second quarter

OLIN PROVIDES OPERATIONS UPDATE

14 Jun 22

CLAYTON, Mo., June 14, 2022 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced that half of its Plaquemine, Louisiana chlor alkali facility has returned to operation, which has been down since April 2022, with the

Analyst ratings and price targets

Last 3 months

Average target

$64.00

Low target

$52.00

High target

$73.00

Calendar

29 Jul 22

9 Aug 22

31 Dec 22

Financial summary

Financial statements Chart OLN financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Olin earnings reports.

Recent insider trades

OLN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Jun 22	W Anthony Will	Phantom Stock Units Common Stock	Grant	Acquire A	No	No	61.75	28.073	1.73K	8,695.511
10 Jun 22	Earl L Shipp	Phantom Stock Units Common Stock	Grant	Acquire A	No	No	61.75	112.579	6.95K	34,871.446
10 Jun 22	Matthew S Darnall	Phantom Stock Units Common Stock	Grant	Acquire A	No	No	61.75	28.073	1.73K	8,695.511
27 May 22	R Nichole Sumner	Common Stock $1 par value	Sell	Dispose S	No	No	64.8255	9,518	617.01K	12,242
27 May 22	R Nichole Sumner	Common Stock $1 par value	Option exercise	Acquire M	No	No	13.14	9,518	125.07K	21,760
27 May 22	R Nichole Sumner	Employee Stock Options Common Stock	Option exercise	Dispose M	No	No	13.14	9,518	125.07K	4,750
27 May 22	James A Varilek	Common Stock $1 par value	Sell	Dispose S	No	No	64.7606	28,265	1.83M	17,761.441
27 May 22	James A Varilek	Common Stock $1 par value	Option exercise	Acquire M	No	No	26.26	28,265	742.24K	46,026.441
27 May 22	James A Varilek	Employee Stock Options Common Stock $1 par value	Option exercise	Dispose M	No	No	26.26	28,265	742.24K	0
26 May 22	R Nichole Sumner	Common Stock $1 par value	Sell	Dispose S	No	No	64.76	1,482	95.97K	12,242

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

OLN institutional ownership history Ownership history

94.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	478	465	+2.8%
Opened positions	87	106	-17.9%
Closed positions	74	33	+124.2%
Increased positions	157	149	+5.4%
Reduced positions	149	136	+9.6%

13F shares	Current	Prev Q	Change
Total value	6.68B	7.76B	-13.9%
Total shares	136.43M	143.22M	-4.7%
Total puts	1.12M	1.28M	-12.3%
Total calls	951.7K	1M	-5.3%
Total put/call ratio	1.2	1.3	-7.5%

Largest owners	Shares	Value	Change
Vanguard	15.87M	$829.54M	+3.2%
BLK Blackrock	15.8M	$825.83M	+3.1%
Sachem Head Capital Management	11.95M	$624.75M	0.0%
College Retirement Equities Fund	7.92M	$0	0.0%
FMR	7.29M	$381.02M	-54.9%
STT State Street	5.58M	$291.81M	+0.6%
Dimensional Fund Advisors	5.25M	$274.63M	-20.5%
IVZ Invesco	3.87M	$202.49M	-11.8%
Fuller & Thaler Asset Management	3.85M	$201.52M	-17.4%
PZN Pzena Investment Management	3.4M	$178M	+5.9%

Largest transactions	Shares	Bought/sold	Change
FMR	7.29M	-8.87M	-54.9%
Norges Bank	0	-1.5M	EXIT
Dimensional Fund Advisors	5.25M	-1.35M	-20.5%
Granite Investment Partners	0	-1.08M	EXIT
Aqr Capital Management	1.65M	+918.73K	+125.3%
Millennium Management	1.69M	+864.3K	+104.6%
Fuller & Thaler Asset Management	3.85M	-814.81K	-17.4%
First Trust Advisors	1.39M	+760.69K	+120.8%
Allspring Global Investments	986.96K	+741.46K	+302.0%
Nuveen Asset Management	391.33K	-670.05K	-63.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Hexion • Clarus • AMMO • Huntsman International • Westlake • Huntsman • Vista Outdoor

Management Discussion

Net income for the three and six months ended June 30, 2022 was $422.1 million and $815.1 million, respectively, compared to $355.8 million and $599.4 million, respectively, for the comparable prior year periods in 2021. For the six months ended June 30, 2022, the increase in results from the prior year was primarily due to improved operating results across all our business segments. For the three months ended June 30, 2022, the increase in results from the prior year was primarily due to improved operating results within our Chlor Alkali Products and Vinyls and Winchester business segments, partially offset by a decline in Epoxy results.
During first quarter 2022, our Epoxy segment experienced weaker epoxy resin demand in Europe, which was exacerbated by the uncertainty following the Russian invasion of Ukraine. The Epoxy business was unwilling to sell incremental volume into a poor-quality market and operating the epoxy resin facility at less than 50% operating rates was impractical. As a result of these factors, the high natural gas and electrical power costs in Europe, and facility maintenance, we suspended epoxy resin production at our Stade, Germany facility in March and subsequently resumed production in May. During second quarter 2022, our Epoxy segment experienced weaker epoxy resin demand in North America and South America. As a result, late in the second quarter we announced we are temporarily suspending epoxy and related upstream inputs production at our Freeport, TX and Guaruja, Brazil facilities.
During April 2022, our Chlor Alkali Products and Vinyls facility at Plaquemine, LA experienced an unplanned production outage. Approximately half of the facility returned to operations during June and the remainder is expected to return to operations in early August 2022. With the resumption of its Plaquemine, LA operations, high electrical power costs in Texas and considering the poor-quality EDC market conditions, we announced late in the second quarter 2022 our Chlor Alkali Products and Vinyls segment is temporarily suspending a significant portion of its EDC and related chlor alkali production at its Freeport, TX facility.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: Brazil, complaint, exacerbated, Guaruja, high, impractical, Indirect, intent, resumed, resumption, Russian, South, unwilling

Removed: calculated, calculation, correction, coverage, daily, DSO, FIFO, fiscal, grid, mix, monitored, optimizing, overhead, previously, principally, reducing, released, select, spare, statement, unspecified

From filing 10-Q 2022 Q2

Financial reports

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