Olin Corp. (OLN) Reports Q1 Loss Per Share of 23c
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Olin Announces First Quarter 2016 Earnings
May 2, 2016 5:39 PM EDTCLAYTON, Mo., May 2, 2016 /PRNewswire/ --Â Olin Corporation (NYSE: OLN) announced today financial results for the first quarter ended March 31, 2016.
John E. Fischer, President and Chief Executive Officer, said, "We achieved adjusted EBITDA of $214.5 million, which was at the high-end of our expectations for the first quarter of 2016. Improved volumes with flat pricing for our chlor alkali and vinyls products compared to the fourth quarter of 2015 were the primary drivers. Lower than expected electricity and maintenance-related outage costs, partially offset by higher than anticipated stock-based compensation costs, also benefited our performance.
"First quarter... More
