Olin Corp
OLN
ISIN US6806652052 / Valor 958942
Olin Corp
UMushroom community rating:
About company
Olin Corp, founded in 1892, started as a small blasting powder supplier and has since grown through acquisitions to include Mathieson Chemical Corporation, Olin Chlor Alkali Products & Vinyls, Olin Epoxy, and Winchester, the leading ammunition manufacturer in the United States. With a presence in over 15 countries and customers in nearly 100 countries worldwide, Olin Corp employs 8,000 professionals across its various business segments.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (14.08.2024):
Revenue Growth
Olin Corp reported a significant increase in revenue for the second quarter of 2024, reaching $1.8 billion, compared to $1.6 billion in the same period of 2023. This growth was driven by higher sales volumes and improved pricing across its product lines.
Net Income
For the second quarter of 2024, Olin Corp's net income was $146.9 million, a decrease from $303.2 million in the second quarter of 2023. The decline in net income was primarily due to increased operating expenses and restructuring charges.
Earnings Per Share
Olin Corp's diluted earnings per share (EPS) for the second quarter of 2024 stood at $1.15, down from $2.35 in the same quarter of the previous year. The reduction in EPS reflects the lower net income and the impact of stock-based compensation.
Dividends
Olin Corp declared a quarterly dividend of $0.20 per share for the second quarter of 2024, consistent with the dividend declared in the second quarter of 2023. The company continues to prioritize returning value to shareholders through regular dividend payments.
Outlook
Olin Corp has provided a cautious outlook for the remainder of 2024, citing potential challenges from fluctuating raw material costs and global economic uncertainties. However, the company remains optimistic about its long-term growth prospects, driven by strategic investments and operational efficiencies.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3904 M
Market cap (USD)
195,560
Daily traded volume (Shares)
33.49 / 32.9
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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