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 • Huntsman International • FMC • W.R. Grace & Co. • PQ • Livent • Gulf Resources • Ingevity • GCP Applied • Balchem ...
Former names
Olin Corp
SEC CIK
Corporate docs
IRS number
131872319
Calendar
25 Feb 20
5 Apr 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 1.39B | 1.58B | 1.59B | 1.55B | |
| Net income | -77.2M | 44.2M | -20M | 41.7M | |
| Diluted EPS | -0.49 | 0.27 | -0.12 | 0.25 | |
| Net profit margin | -5.57% | 2.80% | -1.26% | 2.68% | |
| Operating income | -49.3M | 103.4M | 28.5M | 95.2M | |
| Net change in cash | 43.5M | 50.5M | 21.2M | -73.1M | |
| Cash on hand | 220.9M | 177.4M | 126.9M | 105.7M | |
| Cost of revenue | 1.27B | 1.36B | 1.46B | 1.35B |
| 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 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 |
| 2 Mar 20 | Scott D. Ferguson | Common Stock, par value $1.00 ("Shares") | Grant | Aquire A | 16.265 | 2,460 | 40.01K | 2,460 |
| 2 Mar 20 | Scott D. Ferguson | Phantom Stock Units Common Stock | Grant | Aquire A | 16.265 | 7,100 | 115.48K | 7,100 |
| 2 Mar 20 | Scott McDougald Sutton | Phantom Stock Units Common Stock | Grant | Aquire A | 16.265 | 9,560 | 155.49K | 18,450 |
| 2 Mar 20 | Earl L Shipp | Phantom Stock Units Common Stock | Grant | Aquire A | 16.265 | 9,560 | 155.49K | 26,421.924 |
Institutional ownership Q4 2019
88.5% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 301 |
| Opened positions | 55 |
| Closed positions | 68 |
| Increased positions | 86 |
| Reduced positions | 113 |
13F shares |
Current |
|---|---|
| Total value | 9.92B |
| Total shares | 139.52M |
| Total puts | 603.5K |
| Total calls | 700.2K |
| Total put/call ratio | 0.9 |
Largest owners |
Shares | Value |
|---|---|---|
| FMR | 21.91M | $378.01M |
| BLK BlackRock | 19.5M | $336.34M |
| Vanguard | 15.2M | $262.26M |
| Dimensional Fund Advisors | 8.2M | $141.45M |
| Adage Capital Partners GP, L.L.C. | 7.47M | $128.85M |
| STT State Street | 6.35M | $109.52M |
| MCQEF Macquarie | 3.81M | $65.66M |
| PZN Pzena Investment Management | 3.66M | $63.19M |
| RR Partners | 3.34M | $57.64M |
| BK Bank Of New York Mellon | 2.6M | $44.91M |
Financial report summary
?Competition
Hexion • Petroleum • Axiall • Solvay • Solvay • Orbital Atk • Clarus • Huntsman • Ammo • Huntsman InternationalManagement Discussion
- Item 7. 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 significant changes in our overall profitability.
Content analysis
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New words:
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Financial reports
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
10-Q
2017 Q3
Quarterly report
31 Oct 17
Current reports
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
8-K
Departure of Directors or Certain Officers
21 Feb 20
8-K
Departure of Directors or Certain Officers
5 Feb 20
8-K
Olin Announces Fourth Quarter 2019 Results
4 Feb 20
8-K
Entry into a Material Definitive Agreement
20 Dec 19
8-K
Olin Announces Facility Closures
11 Dec 19
8-K
Olin Announces Third Quarter 2019 Results
1 Nov 19
8-K
Departure of Directors or Certain Officers
22 Aug 19
8-K
Olin Announces $100 Million Accelerated Share Repurchase
5 Aug 19
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
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
UPLOAD
Letter from SEC
28 Mar 16
Ownership
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
4
OLIN / JOHN MAURICE SAMPSON ownership change
5 Mar 20
4
OLIN / Pat D Dawson ownership change
5 Mar 20
4
OLIN / ERIC A BLANCHARD ownership change
5 Mar 20
4
OLIN / JAMES A VARILEK ownership change
5 Mar 20