OLN Olin Corp.
Olin Corp. engages in manufacturing of chemicals products. It operates through the following 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. . The Epoxy segment produces and sells epoxy materials, which includes allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company was founded by Franklin W. Olin in 1892 and is headquartered in Clayton, MO.
Company profile
Ticker
OLN
Exchange
Website
CEO
John E. Fischer
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Huntsman International • Huntsman • W.R. Grace & Co. • FMC • PQ • Livent • Ingevity • GCP Applied • Gulf Resources • Balchem ...
Former names
Olin Corp
SEC CIK
Corporate docs
IRS number
131872319
OLN stock data
()
Calendar
1 May 20
2 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 1.43B | 1.39B | 1.58B | 1.59B | |
| Net income | -80M | -77.2M | 44.2M | -20M | |
| Diluted EPS | -0.51 | -0.49 | 0.27 | -0.12 | |
| Net profit margin | -5.61% | -5.57% | 2.80% | -1.26% | |
| Operating income | -47.5M | -49.3M | 103.4M | 28.5M | |
| Net change in cash | -26.4M | 43.5M | 50.5M | 21.2M | |
| Cash on hand | 194.5M | 220.9M | 177.4M | 126.9M | |
| Cost of revenue | 1.37B | 1.27B | 1.36B | 1.46B |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 6.11B | 6.95B | 6.27B | 5.55B | |
| Net income | -11.3M | 327.9M | 549.5M | -3.9M | |
| Diluted EPS | -0.07 | 1.95 | 3.26 | -0.02 | |
| Net profit margin | -0.18% | 4.72% | 8.77% | -0.07% | |
| Operating income | 177.8M | 676.9M | 296.6M | 107.8M | |
| Net change in cash | 42.1M | -39.6M | 33.9M | -207.5M | |
| Cash on hand | 220.9M | 178.8M | 218.4M | 184.5M | |
| Cost of revenue | 5.44B | 5.82B | 5.55B | 4.94B |
Financial data from Olin earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 10 Jun 20 | Gray G Benoist | Phantom Stock Units Common Stock | Grant | Aquire A | 0 | 401.971 | 0 | 28,710.767 |
| 10 Jun 20 | Earl L Shipp | Phantom Stock Units Common Stock | Grant | Aquire A | 0 | 379.37 | 0 | 27,096.47 |
| 12 May 20 | John E. Fischer | Common Stock $1 par value | Gift | Dispose G | 0 | 2,518 | 0 | 221,000 |
| 10 Mar 20 | Earl L Shipp | Phantom Stock Units Common Stock | Grant | Aquire A | 0 | 295.176 | 0 | 26,717.1 |
| 10 Mar 20 | Gray G Benoist | Phantom Stock Units Common Stock | Grant | Aquire A | 0 | 364.883 | 0 | 28,308.796 |
Institutional ownership Q1 2020
92.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 267 |
| Opened positions | 39 |
| Closed positions | 73 |
| Increased positions | 86 |
| Reduced positions | 92 |
13F shares |
Current |
|---|---|
| Total value | 5.47B |
| Total shares | 146.23M |
| Total puts | 502.8K |
| Total calls | 1.08M |
| Total put/call ratio | 0.5 |
Largest owners |
Shares | Value |
|---|---|---|
| FMR | 20.73M | $241.93M |
| BLK BlackRock | 18.84M | $219.9M |
| Vanguard | 15.73M | $183.58M |
| Sachem Head Capital Management | 14.95M | $174.47M |
| Dimensional Fund Advisors | 8.7M | $101.47M |
| STT State Street | 7.3M | $85.19M |
| Adage Capital Partners GP, L.L.C. | 7.17M | $83.67M |
| PZN Pzena Investment Management | 5.27M | $61.5M |
| RR Partners | 3.34M | $39M |
| Deprince Race & Zollo | 2.96M | $34.59M |
Financial report summary
?Competition
Hexion • Petroleum • Axiall • Solvay • Northrop Grumman Innovation Systems • Clarus • Huntsman • Ammo • Huntsman International • Westlake ChemicalManagement Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
- We are a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. Our operations are concentrated in three business segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. All of our business segments are capital intensive manufacturing businesses. Chlor Alkali Products and Vinyls operating rates are closely tied to the general economy. Each segment has a commodity element to it, and therefore, our ability to influence pricing is quite limited on the portion of the segment’s business that is strictly commodity.
- Our Chlor Alkali Products and Vinyls segment is a commodity business where all supplier products are similar and price is the major supplier selection criterion. We have little or no ability to influence prices in the large, global commodity markets. Our Chlor Alkali Products and Vinyls segment produces some of the most widely used chemicals in the world that can be upgraded into a wide variety of downstream chemical products used in many end-markets. Cyclical price swings, driven by changes in supply/demand, can be abrupt and significant and, given capacity in our Chlor Alkali Products and Vinyls segment, can lead to very significant changes in our overall profitability.
Content analysis
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H.S. freshman Avg
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New words:
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Removed:
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Financial reports
10-Q
2020 Q1
Quarterly report
1 May 20
10-K
2019 FY
Annual report
25 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
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
Current reports
8-K
Departure of Directors or Certain Officers
20 May 20
8-K
Entry into a Material Definitive Agreement
20 May 20
8-K
Olin Announces Pricing of Private Offering of Senior Notes
15 May 20
8-K
Olin to Pursue Private Offering of Senior Notes
14 May 20
8-K
Entry into a Material Definitive Agreement
11 May 20
8-K
Olin Announces First Quarter 2020 Results
30 Apr 20
8-K
Departure of Directors or Certain Officers
28 Apr 20
8-K
Entry into a Material Definitive Agreement
23 Apr 20
8-K
Entry into a Material Definitive Agreement
27 Mar 20
8-K
Olin Corporation Appoints Scott Ferguson and W. Barnes Hauptfuhrer to Board of Directors
2 Mar 20
Registration and prospectus
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)
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
Proxies
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
25 Feb 20
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
Other
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
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
Ownership
4
OLIN / Earl L Shipp ownership change
12 Jun 20
4
OLIN / Gray G Benoist ownership change
12 Jun 20
4
OLIN / John E. Fischer ownership change
13 May 20
SC 13G
OLIN / ADAGE CAPITAL PARTNERS GP, L.L.C. ownership change
8 May 20
4
OLIN / Earl L Shipp ownership change
12 Mar 20
4
OLIN / Gray G Benoist ownership change
12 Mar 20
4
OLIN / W BARNES HAUPTFUHRER ownership change
9 Mar 20
3
OLIN / W BARNES HAUPTFUHRER ownership change
9 Mar 20
4
OLIN / R Nichole Sumner ownership change
5 Mar 20
4
OLIN / Todd A Slater ownership change
5 Mar 20
Patents
APP
Utility
Hollow Point Bullet
11 Jun 20
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
Design
Bullet
26 May 20
Inventors: Kyle A. Masinelli, Charles Willis Moore
GRANT
Utility
High solids epoxy coatings
10 Mar 20
A coating composition including a blend of at least two or more epoxy resins, wherein at least one of the epoxy resins comprises (i) a CHDM epoxy resin having less than about 2 wt % total chlorine content; and wherein at least one of the epoxy resins comprises (ii) at least one other epoxy resin other than the epoxy resin in component (i); a curable coating composition including (a) the above blend of epoxy resins and (b) at least one amine curing agent; a thermoset coating product prepared from the above curable composition; and a process for preparing the above compositions and a coating therefrom.