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OLN Olin

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
Website
CEO
John Fischer
Employees
Incorporated
Location
Fiscal year end
Former names
Olin Corp
SEC CIK
IRS number
131872319

OLN stock data

(
)

Calendar

22 Feb 21
12 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 189.7M 189.7M 189.7M 189.7M 189.7M 189.7M
Cash burn (monthly) 31M 2.6M (positive/no burn) 78.25M (positive/no burn) (positive/no burn)
Cash used (since last report) 106M 8.89M n/a 267.57M n/a n/a
Cash remaining 83.7M 180.81M n/a -77.87M n/a n/a
Runway (months of cash) 2.7 69.5 n/a -1.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Mar 21 Gray G Benoist Phantom Stock Units Common Stock Grant Aquire A No No 0 179.984 0 33,246.071
10 Mar 21 Earl L Shipp Phantom Stock Units Common Stock Grant Aquire A No No 0 169.864 0 31,579.186
1 Mar 21 Heidi S Alderman Phantom Stock Units Common Stock Grant Aquire A No No 32.21 4,842 155.96K 18,448
1 Mar 21 Beverley A Babcock Phantom Stock Units Common Stock Grant Aquire A No No 32.21 4,842 155.96K 19,509
1 Mar 21 C Robert Bunch Common Stock $1 par value Grant Aquire A No No 32.21 3,726 120.01K 42,851
1 Mar 21 C Robert Bunch Phantom Stock Units Common Stock Grant Aquire A No No 32.21 3,600 115.96K 31,199

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

85.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 286 260 +10.0%
Opened positions 61 41 +48.8%
Closed positions 35 46 -23.9%
Increased positions 67 75 -10.7%
Reduced positions 121 96 +26.0%
13F shares
Current Prev Q Change
Total value 3.32B 1.65B +101.3%
Total shares 134.99M 133.05M +1.5%
Total puts 774K 693.7K +11.6%
Total calls 1.34M 734.9K +81.8%
Total put/call ratio 0.6 0.9 -38.6%
Largest owners
Shares Value Change
FMR 23.68M $581.56M +73.8%
Sachem Head Capital Management 14.95M $367.17M 0.0%
BLK Blackrock 14.41M $353.95M -0.0%
Vanguard 13.15M $322.96M +1.8%
Dimensional Fund Advisors 9.07M $222.72M -5.9%
STT State Street 6.97M $171.19M -1.4%
PZN Pzena Investment Management 4.37M $107.43M -30.2%
Fuller & Thaler Asset Management 4.2M $103.22M -3.0%
RR Partners 3.34M $82.07M 0.0%
Adage Capital Partners GP, L.L.C. 2.27M $55.75M -37.3%
Largest transactions
Shares Bought/sold Change
FMR 23.68M +10.06M +73.8%
Samlyn Capital 0 -1.9M EXIT
PZN Pzena Investment Management 4.37M -1.89M -30.2%
Norges Bank 1.7M +1.7M NEW
Adage Capital Partners GP, L.L.C. 2.27M -1.35M -37.3%
Granite Investment Partners 1.03M +1.03M NEW
Arrowstreet Capital, Limited Partnership 2.06M +884.13K +74.9%
Deprince Race & Zollo 1.09M -831.96K -43.4%
Millennium Management 12.39K -750.05K -98.4%
UBS UBS Group AG - Registered Shares 1.76M +626.18K +55.4%

Financial report summary

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Management Discussion
  • Net loss was $969.9 million for the year ended December 31, 2020 compared to net loss of $11.3 million for 2019. The decrease in results from the prior year was primarily due to a goodwill impairment charge of $699.8 million and lower Chlor Alkali Products and Vinyls segment results, primarily due to lower pricing and volumes. Partially offsetting these declines were higher Winchester segment results.
  • Chlor Alkali Products and Vinyls generated segment income of $3.5 million for 2020 compared to $336.7 million for 2019. Chlor Alkali Products and Vinyls segment results were lower than in the prior year primarily due to lower pricing, primarily caustic soda and ethylene dichloride (EDC), and lower volumes, primarily caustic soda. These decreases were partially offset by lower costs, including raw materials and operating costs. Chlor Alkali Products and Vinyls segment results included depreciation and amortization expense of $451.4 million and $470.4 million in 2020 and 2019, respectively.
  • Epoxy reported segment income of $40.8 million for 2020 compared to $53.9 million for 2019.  Epoxy segment results were lower than in the prior year primarily due to lower product prices, partially offset by lower raw material costs. Epoxy segment results included depreciation and amortization expense of $90.7 million and $100.1 million in 2020 and 2019, respectively.
Content analysis
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Positive
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Patents

GRANT
Utility
Segmenting pistol bullet
6 Apr 21
A bullet having a generally cup-shaped jacket, a core disposed inside the jacket, and partially divided into a plurality of segments by a plurality of slits formed therein is mounted at the front of the jacket.
APP
Utility
Improved Process for Preparing a Chlorinated Alkene by Caustic Dehydrochlorination of a Chlorinated Alkane In a Jet Loop Reactor
1 Apr 21
The present invention provides a process for preparing at least one chlorinated alkene from at least one chlorinated alkane, using an aqueous base in a jet loop reactor.
APP
Utility
Method for Production of a Halogenated Alkane Using an Absorber-reactor Combination
18 Mar 21
The present invention provides improved processes for preparing halogenated alkanes.
GRANT
Utility
Hollow point bullet
9 Feb 21
An improved hollow point bullet has a core of a soft, dense metal having a generally cylindrical rear section, a tapering front section, and an open forward end opening to a cavity.
GRANT
Utility
Curable compositions
2 Feb 21
A low viscosity energy curable epoxy resin composition essentially free of solvent for preparing an ink composition comprising: (a) at least one divinylarene dioxide compound, (b) at least one cycloaliphatic epoxy resin, (c) at least one vinyl ether compound, (d) at least one cationic photoinitiator, (e) at least one pigment, and (f) optionally, at least one oxetane; wherein (i) the viscosity of the curable composition is less than or equal to about 50 mPa·s at 25° C., (ii) the composition cures at a relative humidity of greater than 30%, and (iii) the composition cures with an increase in cure time of less than 100% when the composition is cured at a relative humidity of at least 70% compared to that of a composition that is cured at a relative humidity of less than or equal to 45%.