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
Industry (SIC)
Huntsman • Huntsman International • Chemours • PQ • FMC • GCP Applied • Ingevity • Innospec • Livent • W.R. Grace & Co. ...
Former names
Olin Corp
SEC CIK
Corporate docs
IRS number
131872319
OLN stock data
()
News
Keybanc Maintains Overweight on Olin, Raises Price Target to $50
12 Apr 21
5 Gun Stocks To Watch Amid Biden's Gun Control Plans
8 Apr 21
Benzinga's Top Ratings Upgrades, Downgrades For March 26, 2021
26 Mar 21
10 Biggest Price Target Changes For Friday
26 Mar 21
RBC Capital Upgrades Olin to Outperform, Raises Price Target to $56
26 Mar 21
Press releases
Olin Corporation First Quarter Earnings Conference Call Announcement
25 Mar 21
Olin's Winchester Division Proudly Announces New Ladies Cup Sporting Clays Competition in 2021
19 Mar 21
Olin Announces Chlor Alkali Capacity Reduction
16 Mar 21
Olin Updates First Quarter Outlook
16 Mar 21
Olin Announces Refinancing Transaction And Partial Redemption Of 10% Senior Notes Due 2025
1 Mar 21
Calendar
22 Feb 21
12 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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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 |
Recent insider trades
| 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 |
Institutional ownership Q4 2020
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 |
|---|---|
| Total holders | 286 |
| Opened positions | 61 |
| Closed positions | 35 |
| Increased positions | 67 |
| Reduced positions | 121 |
13F shares |
Current |
|---|---|
| Total value | 3.32B |
| Total shares | 134.99M |
| Total puts | 774K |
| Total calls | 1.34M |
| Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
|---|---|---|
| FMR | 23.68M | $581.56M |
| Sachem Head Capital Management | 14.95M | $367.17M |
| BLK Blackrock | 14.41M | $353.95M |
| Vanguard | 13.15M | $322.96M |
| Dimensional Fund Advisors | 9.07M | $222.72M |
| STT State Street | 6.97M | $171.19M |
| PZN Pzena Investment Management | 4.37M | $107.43M |
| Fuller & Thaler Asset Management | 4.2M | $103.22M |
| RR Partners | 3.34M | $82.07M |
| Adage Capital Partners GP, L.L.C. | 2.27M | $55.75M |
Financial report summary
?Competition
Hexion • Clarus • AMMO • Huntsman International • Westlake Chemical • Huntsman • Vista OutdoorManagement 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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| Legalese | ||
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H.S. sophomore Avg
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New words:
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Removed:
accessing, agreed, Aratu, attention, awarded, brand, Breadth, Capturing, chance, choice, cleanup, condensed, consolidate, consolidating, convert, cracker, cyclicality, dated, defendant, demonstrated, dependence, diversion, enhancing, ERP, expansion, failed, Fischer, foregoing, Fork, formed, Foundation, frangible, freight, handgun, Harvey, Holston, Hurricane, IHS, IL, indoor, introduction, invited, John, lost, mature, membership, mercury, modular, network, nineteen, notified, NSSF, optimize, overvalued, Oxford, pioneering, pistol, popularity, pound, prepare, preserve, profit, provisional, reconcile, relocation, restated, retail, rifle, River, Role, Saltville, Sauer, seasonal, shared, shooting, SIG, Smyth, Solvay, sponsored, sportsmen, Stade, standardize, Stem, strictly, subcontractor, Sullivan, Sumitomo, Tennessee, training, tranche, undervalued, unfamiliar, unremitted, Upgrading, VA, vinylidene, Washington
Financial reports
10-K
2020 FY
Annual report
22 Feb 21
10-Q
2020 Q3
Quarterly report
4 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
24 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
1 May 19
10-K
2018 FY
Annual report
24 Feb 19
10-Q
2018 Q3
Quarterly report
30 Oct 18
Current reports
8-K
Olin Announces Chlor Alkali Capacity Reduction
16 Mar 21
8-K
Olin Updates First Quarter Outlook
16 Mar 21
8-K
Olin Announces Refinancing Transaction and Partial Redemption of 10% Senior Notes Due 2025
1 Mar 21
8-K
Olin Announces Fourth Quarter 2020 Results
28 Jan 21
8-K
Olin Announces Facility Closures
19 Jan 21
8-K
Olin Publishes Inaugural Sustainability Report
17 Dec 20
8-K
Olin Announces Redemption
16 Dec 20
8-K
Departure of Directors or Certain Officers
14 Dec 20
8-K
Olin Announces Third Quarter 2020 Results
4 Nov 20
8-K
Olin Takes Goodwill Impairment Charge and Announces Schedule for Third Quarter 2020 Earnings Release and Conference Call
7 Oct 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)
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
424B5
Prospectus supplement for primary offering
6 Mar 17
Proxies
DEFA14A
Additional proxy soliciting materials
3 Mar 21
DEF 14A
Definitive proxy
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
DEF 14A
Definitive proxy
1 Mar 19
DEFA14A
Additional proxy soliciting materials
8 Mar 18
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
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
UPLOAD
Letter from SEC
11 Apr 16
CORRESP
Correspondence with SEC
10 Apr 16
Ownership
3/A
OLIN / Damian Gumpel ownership change
30 Mar 21
4
OLIN / Earl L Shipp ownership change
12 Mar 21
4
OLIN / Gray G Benoist ownership change
12 Mar 21
4
OLIN / W BARNES HAUPTFUHRER ownership change
3 Mar 21
4
OLIN / Scott D. Ferguson ownership change
3 Mar 21
4
OLIN / John MB OConnor ownership change
3 Mar 21
4
OLIN / Carol A Williams ownership change
3 Mar 21
4
OLIN / William H Weideman ownership change
3 Mar 21
4
OLIN / Vince J Smith ownership change
3 Mar 21
4
OLIN / Earl L Shipp ownership change
3 Mar 21
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%.
Transcripts
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
2019 Q3
Earnings call transcript
1 Nov 19
2019 Q2
Earnings call transcript
1 Aug 19
2019 Q1
Earnings call transcript
1 May 19
2018 Q4
Earnings call transcript
5 Feb 19
2018 Q3
Earnings call transcript
30 Oct 18
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