Olin reports Q1 EPS 1c, consensus (10c)

Reports Q1 revenue $1.64B, consensus $1.58B. Ken Lane, President, and CEO, said, “During the Q1 our Chlor Alkali Products and Vinyls business realized higher chlorine demand than expected given spring maintenance and unplanned industry outages. As a result, we delayed our planned maintenance turnaround in favor of supporting under-supplied customers through a period of tight industry supply. We remain committed to our value-first commercial approach and view this as an encouraging proof point of our operating leverage, as demand recovers.”