$OLN (Olin Corp.)

$OLN {{ '2016-08-02T07:17:21+0000' | timeago}} • Announcement

Ammunition maker $OLN reported 2Q16 net loss of $1MM or $0.01 per diluted share versus net loss of $37.9MM or $0.23 per diluted share in 2Q15 due to some restructuring charges in the previous quarter mainly associated with the closure of chlor alkali capacity across 3 separate locations. Sales rose 1.2% to $1.36Bil versus $1.35Bil in 2Q15.

$OLN {{ '2017-10-02T11:13:10+0000' | timeago}} • Announcement

Chemical firm $OLN said its 3Q17 adjusted EBITDA will be reduced by about $40MM due to the impact of Hurricane Harvey, which caused cost escalation and decline in sales. The impact is expected to be much less in 4Q17. The company has lifted the ‘force majeure’ declared in August for shipments from its Texas facility, in the wake of the storm.

$OLN {{ '2017-07-28T19:58:40+0000' | timeago}} • Announcement

$OLN's BoD declared a quarterly dividend of 20 cents on each share of its common stock.  The dividend is payable on Sept. 11, 2017, to shareholders of record at the close of business on Aug. 10, 2017.

$OLN {{ '2017-06-20T11:16:37+0000' | timeago}} • Announcement

$OLN expects 2H17 Epoxy results to benefit from lower raw material costs than were experienced in 1H17. In 2H17, Winchester will benefit from the seasonally strong 3Q commercial ammunition demand and an expected improvement in military sales.

$OLN {{ '2017-06-20T11:15:46+0000' | timeago}} • Announcement

$OLN sees 2H17 adjusted EBITDA to be significantly higher than 1H17. This will benefit from lower maintenance turnaround activity, which is expected to be about $90-100MM. The Chlor Alkali Products and Vinyls business is forecast to benefit in 2H17 from seasonally stronger demand, improved caustic soda and chlorine prices and lower ethylene costs.

$OLN {{ '2017-06-20T11:13:50+0000' | timeago}} • Announcement

$OLN said its 2Q17 adjusted EBITDA to be reduced by about $45MM due to the combined impact from an extended vinyl chloride monomer (VCM) plant turnaround and an unplanned Bisphenol A plant outage. For 2017, $OLN reiterated its adjusted EBITDA forecast of $1Bil with upside opportunities and downside risks of about 5%.

$OLN {{ '2017-04-28T19:22:00+0000' | timeago}} • Announcement

$OLN's BoD declared a quarterly dividend of 20 cents on each share of its common stock. The dividend is payable on June 9, 2017 to shareholders of record at the close of business on May 10, 2017.

$OLN {{ '2017-03-07T13:50:22+0000' | timeago}} • Announcement

$OLN priced its offering of $500MM aggregate principal amount of senior notes due 2027, maturing on Sept. 15, 2027, bearing an interest rate of 5.125%. Net proceeds from the offering are expected to be used to prepay part of term loans outstanding under existing credit facility scheduled to mature in 2018. Offering is expected to close on March 9.

$OLN {{ '2017-03-06T16:02:56+0000' | timeago}} • Announcement

$OLN plans to begin an offering of $500MM of Senior Notes due 2027. The net proceeds of the offering, together with anticipated borrowings under a proposed new senior term loan facility and cash on hand, are expected to be used to prepay the term loans outstanding under an existing credit facility that are scheduled to mature in 2018.

$OLN {{ '2017-02-28T15:03:49+0000' | timeago}} • Announcement

$OLN announced that Joseph Rupp will retire on April 27, 2017 as Chairman of BoD after 45 years with the company. CEO John Fischer will take up the role, along with his current duties, effective the same day.

$OLN {{ '2017-01-30T12:01:54+0000' | timeago}} • Announcement

$OLN's BoD declared a quarterly dividend of 20 cents on each share of its common stock. The dividend is payable on March 10, 2017 to shareholders of record on Feb. 10, 2017.

$OLN {{ '2016-08-02T07:25:32+0000' | timeago}} • Announcement

$OLN's biggest segment, Chlor Alkali Products and Vinyls, 2Q16 sales grew 4.1% versus 2Q15. Epoxy segment sales fell 2.2% mainly due to lower volumes because of planned maintenance outages. The Winchester segment sales fell 1.5% in the quarter, mainly due to decreased shipments to commercial customers.

$OLN {{ '2016-08-02T07:20:59+0000' | timeago}} • Announcement

For 3Q16, $OLN expects net income of $15-35MM, diluted EPS of $0.10-0.20, and adjusted EBITDA of $220-250MM. Company expects pretax restructuring costs to be $5MM, pretax acquisition-related integration costs to be $15MM, and acquisition step-up D&A expense to be $40MM in 3Q16. Full year 2016 adjusted EBITDA is expected to be $840-900MM.

$OLN {{ '2016-08-02T07:17:21+0000' | timeago}} • Announcement

Ammunition maker $OLN reported 2Q16 net loss of $1MM or $0.01 per diluted share versus net loss of $37.9MM or $0.23 per diluted share in 2Q15 due to some restructuring charges in the previous quarter mainly associated with the closure of chlor alkali capacity across 3 separate locations. Sales rose 1.2% to $1.36Bil versus $1.35Bil in 2Q15.

$OLN {{ '2016-07-29T14:51:49+0000' | timeago}} • Announcement

$OLN said its BoD declared a quarterly dividend of 20 cents on each common share. The dividend is payable on Sept. 9, 2016 to shareholders of record at the close of business on Aug. 10, 2016.

$OLN {{ '2016-04-29T16:45:31+0000' | timeago}} • Announcement

$OLN said its BoD declared a quarterly dividend of 20 cents on each share of common stock. The dividend is payable on June 10, 2016 to shareholders of record at the close of business on May 10, 2016. This marks the company's 358th consecutive quarterly dividend.

$OLN {{ '2016-03-21T13:17:19+0000' | timeago}} • Announcement

$OLN said capacity of Niagara Falls, New York chlor alkali plant was cut from 300,000 tons to 240,000 tons earlier this year. This plant continues to produce industrial bleach and on-purpose hydrochloric acid, in addition to chlor alkali. The chlor alkali capacity at Freeport, Texas facility will be cut by 220,000 tons, to be effective March 31.

$OLN {{ '2016-03-21T13:15:44+0000' | timeago}} • Announcement

$OLN said this closure action will reduce its chlor alkali manufacturing capacity by 153,000 tons. The Henderson workforce will be reduced by about 100 positions. The manufacturing of chlor alkali at the location will cease on March 31.

$OLN {{ '2016-03-21T13:13:41+0000' | timeago}} • Announcement

$OLN said the cash component of these charges includes employee related costs and contract terminations associated with the Henderson, Nevada facility. $OLN will close its chlor alkali plant in Henderson, Nevada and reconfigure the facility to manufacture bleach and distribute caustic soda and hydrochloric acid.

$OLN {{ '2016-03-21T13:12:42+0000' | timeago}} • Announcement

$OLN said its 1Q16 will contain about $95MM of pretax restructuring charges. These charges are associated with its plans to close a combined total of 433,000 tons of chlor alkali capacity across three separate Olin locations. About 80% of these restructuring charges represent non-cash asset impairment charges.

$OLN {{ '2016-02-29T07:19:57+0000' | timeago}} • Announcement

Chemical products maker $OLN said its BoD has elected John Fischer, COO, to succeed Joseph Rupp as CEO, effective May 1, 2016. BoD will also nominate Fischer to be elected as a director at the upcoming 2016 Annual Shareholders Meeting. Rupp will continue as Chairman.

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