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

Calendar

29 Jul 22
9 Aug 22
31 Dec 22
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
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
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%

Financial report summary

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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

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Positive
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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