Olin Corp. (OLN) Tops Q3 EPS by 6c
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Olin Announces Third Quarter 2016 Earnings
October 31, 2016 5:54 PM EDTCLAYTON, Mo., Oct. 31, 2016 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced today financial results for the third quarter ended September 30, 2016.
The third quarter 2016 reported net income was $17.5 million, or $0.11 per diluted share. Third quarter 2016 adjusted EBITDA of $221.9 million reflects depreciation and amortization expense of $135.3 million, restructuring charges of $5.2 million, and acquisition-related integration costs of $13.1 million.  Adjusted net income from operations per share was $0.33 per diluted share, which excludes the aforementioned restructuring charges, acquisition-related integration costs and $40.4 million of step-up depreciation and amortization expense. Sales in the third quarter 2016 were $1,452.7... More
