Olin Reports Q3 Loss Amidst Hurricane Impact

Olin ( (OLN) ) has issued an announcement.

Olin Corporation experienced a challenging third quarter in 2024, reporting a net loss of $24.9 million amidst the financial impact of Hurricane Beryl, which added significant costs to their operations. Despite the setback, Olin’s chemical business performed slightly better than anticipated, and their military sales in the Winchester segment saw noteworthy growth. Looking ahead, Olin expects a seasonal decline in adjusted EBITDA but remains committed to its capital allocation strategy, ensuring continued shareholder returns.

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