Olin Announces First Quarter 2019 Earnings
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Olin Corp. (OLN) Misses Q1 EPS by 7c, Revenues Miss
April 30, 2019 4:40 PM EDTOlin Corp. (NYSE: OLN) reported Q1 EPS of $0.25, $0.07 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.69 billion.
Net income of $41.7 million and adjusted EBITDA of $270.1 millionReiterated full year 2019 adjusted EBITDA forecast of $1.265 billionJohn E. Fischer, Chairman, President and Chief Executive Officer, said, "Olin achieved the highest first quarter adjusted EBITDA since the 2015 acquisition of Dow\'s U.S. chlor alkali and vinyls, global chlorinated organics and global epoxy business. This level of adjusted EBITDA was reached despite several... More
