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HomeBusinessOlin Reports Q1 EPS & Revenue Miss

Olin Reports Q1 EPS & Revenue Miss

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Olin Corp. (NYSE:OLN) reported its Q1 earnings results, with EPS of $1.16 coming in worse than the Street estimate of $1.34. Revenue was $1.84 billion, missing the Street estimate of $2.05 billion.
Management expects Q2 EBITDA to be sequentially lower than Q1/23, with the Chemical businesses to be slightly lower than Q1 levels as weak caustic and epoxy market conditions continue, and Winchester to increase sequentially from Q1/23 as inventories normalize and international military ammunition demand growth is anticipated.
This implies roughly $425-430 million EBITDA in Q2/23. The company’s full-year 2023 EBITDA guidance is in a tighter range of $1.6B-$1.9 billion, compared to the Street estimate of $1.5-$2.0 billion.

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