Olin Corp. (OLN)Reports Q3 EPS of 33c, Q4 EPS Guidance Falls Short

Olin Corp. (NYSE: OLN) reported Q3 EPS of $0.33, may not compare the analyst estimate of $0.42. Revenue for the quarter came in at $594 million versus the consensus estimate of $617.2 million.

Olin Corp. sees Q4 2014 EPS of $0.20-$0.25, versus the consensus of $0.33.

"Fourth quarter 2014 net income is forecast to be in the $0.20 to $0.25 per diluted share range. Chlor Alkali fourth quarter 2014 earnings are expected to improve compared to the fourth quarter of 2013 due to higher volumes and lower operating costs, partially offset by lower ECU netbacks. Fourth quarter 2014 Chemical Distribution earnings are expected to improve from the fourth quarter of 2013. Earnings in the Winchester segment are expected to decline from the record fourth quarter 2013 levels, but are expected to be similar to fourth quarter 2012 levels. Fourth quarter 2014 earnings are also expected to include pretax restructuring charges of approximately $1 million. As a result of the continued weaker than expected chlorine and caustic soda demand and pricing, we have revised our full year adjusted EBITDA forecast to the $345 million to $365 million range."

For earnings history and earnings-related data on Olin Corp. (OLN) click here.

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