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Last $19.04 USD
Change Today +0.12 / 0.63%
Volume 4.7M
OLN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

olin corp (OLN) Snapshot

Open
$18.67
Previous Close
$18.92
Day High
$19.15
Day Low
$18.56
52 Week High
03/27/15 - $34.34
52 Week Low
09/2/15 - $18.21
Market Cap
1.5B
Average Volume 10 Days
2.8M
EPS TTM
$1.23
Shares Outstanding
77.5M
EX-Date
08/6/15
P/E TM
15.5x
Dividend
$0.80
Dividend Yield
4.20%
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 Corporation Enters into Credit Agreement with a Syndicate of Lenders

On August 25, 2015, Olin Corporation entered into a Credit Agreement with a syndicate of lenders and Sumitomo Mitsui Banking Corporation, as administrative agent, in connection with the proposed combination of Olin's business with The Dow Chemical Company's (TDCC) chlorine products business, through the merger of Blue Cube Acquisition Corp., Olin's wholly-owned subsidiary, and Blue Cube Spinco Inc., a wholly-owned subsidiary of TDCC. The Credit Agreement provides for a term credit facility under which Olin may obtain term loans in an aggregate amount of up to $600,000,000. Loans under the Credit Agreement 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 the credit agreement (Existing JV Credit Agreement) governing the existing indebtedness of Dow-Mitsui Chlor-Alkali LLC, a joint venture between TDCC and Mitsui & Co. Texas Chlor-Alkali Inc. 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 Term Loan Facility 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 Term Loan Facility is expected to mature three years after Closing Date. The term loans will have no scheduled amortization payments. The proceeds of the Term Loan Facility are permitted to be used (i) to refinance indebtedness outstanding under the Existing JV Credit Agreement, (ii) to pay fees and expenses in connection with the Transactions and (iii) for general corporate purposes. The obligations under the Credit Agreement are obligations of Olin and are unsecured. After the consummation of the Merger, Olin will cause Spinco to become a guarantor of its obligations under the Credit Agreement. Borrowings under the Credit Agreement will bear interest at a per annum rate equal to a Eurodollar rate plus an interest rate spread determined by reference to a pricing grid based on Olin's total leverage ratio.

Environmental Protection Agency and 16 Companies Reach $14.3 Million Deal to Clean Chemical Site in Hagerstown, Maryland

The Environmental Protection Agency (EPA) and 16 companies reached a $14.3 million settlement to clean a chemical site in Hagerstown, Maryland. In addition, the companies will reimburse the EPA $945,000 for past costs and reimburse the regulator for future ones connected to its oversight of the cleanup. The settlement needs court approval. Under the settlement, the companies agreed to stabilize and cap waste and contaminated soils at the Central Chemical superfund site. The 16 companies include: Arkema, Bayer Cropscience, FMC, Honeywell International, Lebanon Seaboard, Montrose Chemical Corp. of California, Occidental Chemical, Olin, Rohm and Haas, Rhone-Poulenc, Shell Oil, Syngenta Crop Protection, The Chemours Co FC, Union Carbide, Wilmington Securities, 21st Century Fox America.

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.

 

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Industry Analysis

OLN

Industry Average

Valuation OLN Industry Range
Price/Earnings 15.5x
Price/Sales 0.7x
Price/Book 1.4x
Price/Cash Flow 15.2x
TEV/Sales 0.2x
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