Olin Corporation (OLN)
NYSE:OLN
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.05Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and commercial positives: epoxy has returned to profitability with large price increases, CAPV pricing momentum and announced caustic price hikes, significant structural cost savings from the Beyond two fifty program, improved Winchester channel dynamics, and solid liquidity and covenant flexibility. Offsetting risks include an unplanned vinyls outage at Freeport (incremental Q2 impact), ongoing raw material and freight inflation, seasonal demand softness in chlorine, and elevated leverage expectations due to litigation-related cash outflows. On balance the positives — clear cost actions, pricing tailwinds, strong Q2 guidance and restored epoxy profitability — materially outweigh the near-term operational and financial headwinds.Company Guidance
Q2 EBITDA Guidance and Q1 Baseline
Company guided second-quarter adjusted EBITDA of $160 million to $200 million versus roughly $86 million of EBITDA in Q1 (analyst referenced), implying roughly a >100% increase to the midpoint (~$180M) driven by CAPV improvement, epoxy recovery, and Winchester momentum.
Epoxy Business Returned to Profitability
Epoxy returned to profitability in Q1. Management announced price increases of more than $1,200/ton in North America and €1,300/metric ton in Europe, expects full-year epoxy performance to be meaningfully improved, and expects €40M–€50M of annual cost improvement from the new European cost structure.
Chlor-Alkali Pricing Actions
Olin announced $185/ton in domestic caustic soda price increases for 2026 and expects EDC and caustic pricing to stabilize at higher levels following late-March global supply disruptions; U.S. export EDC prices have significantly increased since January.
Beyond two fifty Structural Cost Savings
Clear line of sight to more than $250 million of cumulative savings by 2028; delivered $44 million of structural savings last year and expects incremental $100M–$120M of savings in 2026. Organizational actions include ~15% site headcount reductions and nearly doubled 'time on tools' at Freeport.
Winchester Channel Rebalancing and Demand Recovery
Winchester execution in H2 last year rebounded commercial pricing and normalized retailer shipments; management expects commercial volume uplift of mid- to high-single digits year-over-year and a stronger commercial backlog while continuing a make-to-demand model.
Liquidity and Balance Sheet Flexibility
Maintains full access to revolving credit and approximately $1.3 billion of available liquidity; no bond maturities before 2029 and bank covenants amended to provide flexibility through late 2027. Capital spending targeted at approximately $200 million for 2026.
Operational Execution and Safety
Completed the major triennial turnaround at Freeport ahead of schedule and on budget; reported record safety performance in Q1 and efficiency gains via proactive maintenance planning leveraging historical data and AI.
Market Dislocations Supporting U.S. Cost Advantage
Middle East conflict and related supply disruptions (6%–9% of annual vinyls capacity reported offline) led to tightened global supply, higher freight and crude costs, and a more constructive near-term pricing environment favoring advantaged U.S. Gulf Coast assets.
OLN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OLN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $26.57 | $26.65 | +0.30% |
Jan 29, 2026 | $22.01 | $20.50 | -6.85% |
Oct 28, 2025 | $20.52 | $20.87 | +1.72% |
Jul 29, 2025 | $21.17 | $18.67 | -11.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Olin Corporation (OLN) report earnings?
Olin Corporation (OLN) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Olin Corporation (OLN) earnings time?
Olin Corporation (OLN) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is OLN EPS forecast?
OLN EPS forecast for the fiscal quarter 2026 (Q2) is 0.13.