Olin sees Q2 adjusted EBITDA $170M-$210M

Ken Lane, President, and CEO, said, “Despite the uncertain economic environment, we remain focused on the things within our control. We now expect to deliver year-over-year cost savings of $50M-$70M, an increase over our previous outlook. We have also lowered our annual capital spending estimate by approximately $25M. In addition, to further enhance our strong investment grade balance sheet and increase our financial resilience, we extended the maturities of our senior bank credit agreement from 2027 to 2030. We issued $600 million of 2033 bonds, the proceeds of which were used to repay our 2025 and 2027 bonds. We expect the Q2 results from our Chemicals businesses to be similar to the Q1, despite the increased Q2 costs from the delayed first quarter planned maintenance turnaround. Our Chlor Alkali Products and Vinyls business expects performance to be supported by seasonal volume improvement and strengthening caustic soda values. Over the past six quarters, our chlor alkali business has delivered stable ECU values and volumes as we remain focused on disciplined execution through this extended trough environment. Global epoxy demand remains weak, and our U.S. and European Epoxy business continues to be significantly challenged by subsidized Asian competition, given antidumping initiatives have provided limited benefits. Our Epoxy business is focused on maximizing the chlor alkali integration value, continuing to reduce costs and growing the formulated solutions business. Winchester commercial sales remain pressured by strains on consumer disposable income and customers continuing to work down elevated inventories, with no indication of near-term relief. We expect Q2 Winchester results to improve sequentially as seasonal demand picks up and military sales and military project revenue improve. We expect the direct impact from current tariffs on Olin (OLN) to not be significant, as headwinds are largely offset by the opportunities realized. Q2 adjusted EBITDA is expected to be in the range of $170M-$210M. While there is increasing economic uncertainty, Olin remains committed to our value-first commercial approach and our disciplined capital allocation strategy as the pathway to long-term shareholder value creation.”