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Last $22.99 USD
Change Today -0.03 / -0.13%
Volume 2.7M
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

olin corp (OLN) Snapshot

Open
$23.03
Previous Close
$23.02
Day High
$24.00
Day Low
$22.00
52 Week High
03/27/15 - $34.34
52 Week Low
12/16/14 - $20.43
Market Cap
1.8B
Average Volume 10 Days
1.3M
EPS TTM
$1.23
Shares Outstanding
77.5M
EX-Date
08/6/15
P/E TM
18.7x
Dividend
$0.80
Dividend Yield
3.48%
Current Stock Chart for OLIN CORP (OLN)

olin corp (OLN) Related Businessweek News

No Related Businessweek News Found

olin corp (OLN) Details

Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. The company operates through three segments: Chlor Alkali Products, Chemical Distribution, and Winchester. The Chlor Alkali Products segment provides chlorine/caustic soda that is used in pulp and paper processing, chemical manufacturing, and water purification, as well as in the manufacture of vinyl chloride, bleach, swimming pool chemicals, and urethane chemicals; sodium hypochlorite for use in household cleaners, laundry bleaching, swimming pool sanitizers, semiconductors, water treatment, textile, pulp and paper, and food processing; and hydrogen used in fuel source, hydrogen peroxide, and hydrochloric acid. This segment also offers hydrochloric acid for steel, oil and gas, plastics, organic chemical synthesis, water and wastewater treatment, brine treatment, artificial sweeteners, pharmaceuticals, food processing, and ore and mineral processing; and potassium hydroxide that is used in fertilizer manufacturing, soaps, detergents and cleaners, battery manufacturing, food processing chemicals, and deicers. The Chemical Distribution segment manufactures and distributes bleach products; and distributes caustic soda, potassium hydroxide, and hydrochloric acid. The Winchester segment provides gauges and calibers of shotgun shells, rimfire and centerfire ammunition for pistols and rifles, reloading components, and industrial cartridges; small caliber military ammunition for use in infantry and mounted weapons; and industrial products that are used in maintenance applications in power and concrete industries, and powder-actuated tools in construction industry. The company markets its products through its sales force and directly to various industrial customers, mass merchants, retailers, wholesalers, other distributors, and the U.S. Government and its prime contractors. Olin Corporation was founded in 1892 and is headquartered in Clayton, Missouri.

3,900 Employees
Last Reported Date: 02/25/15
Founded in 1892

olin corp (OLN) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $930.0K
President and Chief Operating Officer
Total Annual Compensation: $501.3K
Chief Financial Officer and Vice President
Total Annual Compensation: $337.0K
Vice President and President of Chlor Alkali ...
Total Annual Compensation: $348.0K
Senior Vice President of Chemicals
Total Annual Compensation: $467.0K
Compensation as of Fiscal Year 2014.

olin corp (OLN) Key Developments

Olin Chemical Distribution Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Earnings Guidance for the Third Quarter of 2015

Olin Chemical Distribution reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of $70.3 million against $75.6 million a year ago. Income from continuing operations before income taxes was $2.4 million. The year-over-year decrease in sales reflects lower caustic soda selling prices and volumes, partially offset by higher shipments of hydrochloric acid and potassium hydroxide. The earnings increased compared to the second quarter of 2014, primarily due to increased caustic soda margins and higher shipments of bleach, hydrochloric acid and potassium hydroxide. For the six months, the company reported sales of $140.1 million against $144.8 million a year ago. Income from continuing operations before income taxes was $3.4 million against loss from continuing operations before income taxes of $0.8 million a year ago. For the third quarter 2015, the company’s earnings are expected to be higher than second quarter 2015 segment earnings primarily due to the seasonal increase in bleach volumes and continued earnings contributions from Olin-produced hydrochloric acid and potassium hydroxide sales.

Olin Corporation and Olin Canada ULC Enters into a Credit Agreement with a Syndicate of Lenders and Wells Fargo Bank

Olin Corporation and its indirectly wholly-owned subsidiary Olin Canada ULC entered into a Credit Agreement with a syndicate of lenders and Wells Fargo Bank, National Association, as administrative agent, in connection with the proposed combination of Olin's business with The Dow Chemical Company's chlorine products business, through the merger of Blue Cube Acquisition Corp. and Blue Cube Spinco Inc. (Spinco). The Credit Agreement provides for (i) a revolving credit facility under which Olin and Olin Canada may obtain loans and letters of credit in an aggregate amount of up to $500,000,000 (Revolving Credit Facility) and (ii) a term credit facility (Term Loan Facility) under which Olin may obtain term loans in an aggregate amount of up to $1,350,000,000, subject to reduction by the aggregate amount of term loans funded to Spinco under the Spinco Credit Agreement. Loans and letters of credit under the Senior Credit Facilities will be available upon the consummation of the Transactions (Closing Date), subject to customary conditions precedent for facilities of this type, including among others (a) the accuracy of certain representations and warranties related to Olin and Spinco, (b) the absence of a material adverse change in the business, results of operations or financial condition of the Business, (c) the substantially concurrent closing of the Merger, (d) the substantially concurrent refinancing of Olin's existing $415,000,000 senior credit facilities (Existing Senior Facilities) and the credit agreement governing the existing indebtedness of Dow-Mitsui Chlor-Alkali LLC and (e) the receipt by the Administrative Agent of copies of any IRS letter ruling and the legal opinions delivered to TDCC, Spinco and/or Olin regarding the tax-free nature of certain components of the Transactions. The commitments in respect of the Senior Credit Facilities will automatically terminate if the Closing Date has not occurred on or prior to December 26, 2015, subject to extension to March 26, 2016 if the outside closing date for the Merger has been extended in order to obtain certain antitrust approvals or because of an injunction or other law or government order that makes the consummation of the Transactions illegal. The proceeds of the Term Loan Facility will be used to (i) refinance indebtedness outstanding under the Existing Senior Facilities, (ii) pay fees and expenses in connection with the Transactions and (iii) obtain additional funds for general corporate purposes. The proceeds of the Revolving Credit Facility will be used for general corporate purposes.

Olin Corp. Presents at Cowen and Company Chemicals Summit, Jun-09-2015

Olin Corp. Presents at Cowen and Company Chemicals Summit, Jun-09-2015 . Venue: W Hotel, 541 Lexington Ave, New York, New York, United States.

 

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Industry Analysis

OLN

Industry Average

Valuation OLN Industry Range
Price/Earnings 19.2x
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 18.9x
TEV/Sales 0.4x
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