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CLAYTON, Mo. - Olin Corporation (NYSE:OLN) reported a second quarter net loss of -$0.01 per share on Thursday, missing analyst estimates of $0.02, while revenue exceeded expectations at $1.76 billion compared to the consensus estimate of $1.66 billion. The company’s shares edged up 0.2% following the announcement.
The chemical and ammunition manufacturer’s revenue increased 7% YoY from $1.64 billion in the same quarter last year, but its adjusted EBITDA declined significantly to $176.1 million from $278.1 million in the second quarter of 2024. The company generated $212.3 million in operating cash flow during the quarter.
Olin’s performance varied across its business segments. The Chlor Alkali Products and Vinyls division saw higher volumes but lower pricing, while the Epoxy segment continued to struggle with weak global demand and competition from subsidized Asian producers. Winchester, the company’s ammunition division, benefited from higher military sales but faced challenges in its commercial business.
"During the second quarter, our Chlor Alkali Products and Vinyls business saw seasonal demand improvement in a continued challenging market environment," said Ken Lane, President and Chief Executive Officer. "Despite weak global demand, Olin remains disciplined and focused on leveraging its leading, integrated chlor alkali position to maximize value."
Looking ahead, Olin expects third quarter 2025 adjusted EBITDA to range between $170 million and $210 million, citing "continued challenging markets, potential higher costs and general uncertainty related to tariffs."
During the quarter, the company repurchased approximately 0.5 million shares of common stock at a cost of $10.1 million and had approximately $2.0 billion available under its share repurchase authorizations as of June 30, 2025.
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