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
Industry (SIC)
Huntsman • Chemours • Ecovyst • FMC • Perimeter Solutions • GCP Applied • Ingevity • Innospec • Livent • Huntsman International ...
Former names
Olin Corp
SEC CIK
Corporate docs
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
News
White House Said Working to Push Assault Weapons Ban in Senate
6 Aug 22
Olin: Dividend Insights
4 Aug 22
Piper Sandler Maintains Overweight on Olin, Lowers Price Target to $73
2 Aug 22
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
Analyst ratings and price targets
Current price
Average target
$64.00
Low target
$52.00
High target
$73.00
Piper Sandler
Maintains
$73.00
RBC Capital
Maintains
$70.00
Wells Fargo
Maintains
$69.00
Keybanc
Maintains
$61.00
UBS
Maintains
$60.00
Barclays
Maintains
$52.00
Citigroup
Downgraded
$55.00
B of A Securities
Maintains
$72.00
Calendar
29 Jul 22
9 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Recent insider trades
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 |
Institutional ownership, Q1 2022
94.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 478 |
Opened positions | 87 |
Closed positions | 74 |
Increased positions | 157 |
Reduced positions | 149 |
13F shares | Current |
---|---|
Total value | 6.68B |
Total shares | 136.43M |
Total puts | 1.12M |
Total calls | 951.7K |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 15.87M | $829.54M |
BLK Blackrock | 15.8M | $825.83M |
Sachem Head Capital Management | 11.95M | $624.75M |
College Retirement Equities Fund | 7.92M | $0 |
FMR | 7.29M | $381.02M |
STT State Street | 5.58M | $291.81M |
Dimensional Fund Advisors | 5.25M | $274.63M |
IVZ Invesco | 3.87M | $202.49M |
Fuller & Thaler Asset Management | 3.85M | $201.52M |
PZN Pzena Investment Management | 3.4M | $178M |
Financial report summary
?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
Financial reports
Current reports
8-K
Olin Announces Second Quarter 2022 Results and $2 Billion Share Repurchase Program
28 Jul 22
8-K
Departure of Directors or Certain Officers
20 Jul 22
8-K
Olin Provides Operations Update
14 Jun 22
8-K
Olin Announces First Quarter 2022 Results
28 Apr 22
8-K
Submission of Matters to a Vote of Security Holders
28 Apr 22
8-K
Regulation FD Disclosure
14 Mar 22
8-K
Departure of Directors or Certain Officers
23 Feb 22
8-K
Regulation FD Disclosure
22 Feb 22
8-K
Regulation FD Disclosure
16 Feb 22
8-K
Olin Announces Fourth Quarter 2021 Results
27 Jan 22
Registration and prospectus
S-8
Registration of securities for employees
3 May 21
S-3ASR
Automatic shelf registration
10 Mar 20
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)
23 Aug 18
S-8
Registration of securities for employees
1 May 18
424B5
Prospectus supplement for primary offering
17 Jan 18
FWP
Free writing prospectus
16 Jan 18
424B5
Prospectus supplement for primary offering
15 Jan 18
Proxies
DEFA14A
Additional proxy soliciting materials
14 Mar 22
DEFA14A
Additional proxy soliciting materials
3 Mar 21
DEF 14A
Definitive proxy
20 Mar 20
PRE 14A
Preliminary proxy
10 Mar 20
DEFA14A
Additional proxy soliciting materials
2 Mar 20
DEFA14A
Additional proxy soliciting materials
2 Mar 20
DEFA14A
Additional proxy soliciting materials
24 Feb 20
DEFA14A
Additional proxy soliciting materials
1 Mar 19
Other
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
20 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
29 May 17
EFFECT
Notice of effectiveness
5 Sep 16
CORRESP
Correspondence with SEC
31 Aug 16
UPLOAD
Letter from SEC
1 Aug 16
SD
Conflict minerals disclosure
26 May 16
Ownership
4
OLIN / Matthew S Darnall ownership change
14 Jun 22
4
OLIN / Earl L Shipp ownership change
14 Jun 22
4
OLIN / W Anthony Will ownership change
14 Jun 22
11-K
Annual report of employee stock purchases
7 Jun 22
4
OLIN / JAMES A VARILEK ownership change
31 May 22
4
OLIN / R Nichole Sumner ownership change
31 May 22
4
OLIN / Scott D. Ferguson ownership change
24 May 22
SC 13D/A
OLIN / Sachem Head Capital Management ownership change
24 May 22
4
OLIN / VALERIE A PETERS ownership change
20 May 22
4/A
OLIN / BRETT A FLAUGHER ownership change
20 May 22
Patents
Utility
Electrode Coating
4 Aug 22
The present invention provides electrodes comprising a core substrate, and internal layer coating, and an external layer coating and processes to prepare such electrodes.
Utility
Method for the production of a halogenated alkene by catalyzed dehydrohalogenation of a halogenated alkane
14 Jun 22
The present invention provides methods for the preparation of halogenated alkenes from halogenated alkanes using a homogeneous catalyst.
Utility
Storage and Transport System and Method for Solid Sodium Hypochlorite Pentahydrate
17 Feb 22
A storage and transport system for sodium hypochlorite pentahydrate (solid bleach) is provided.
Utility
Compound Shell Casing, and Ammunition Having Compound Shell Casing
13 Jan 22
Inventors: Gerald Todd EBERHART
Utility
Method for recycling catalyst in the production of chlorinated alkanes
7 Dec 21
The present invention provides highly efficient processes for the preparation of chlorinated alkanes.
Transcripts
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
28 Jan 22
2021 Q3
Earnings call transcript
22 Oct 21
2021 Q2
Earnings call transcript
28 Jul 21
2021 Q1
Earnings call transcript
28 Apr 21
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
5 Nov 20
2020 Q2
Earnings call transcript
6 Aug 20
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
5 Feb 20
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Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
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Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25, 2022
25 Jul 22
Daily Discussion Thread - July 25th, 2022
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