Chlor Alkali Products and Vinyls Performance
The Chlor Alkali Products and Vinyls business exceeded expectations due to planned and unplanned industry outages, resulting in increased chlorine and caustic soda volumes. Stable ECU values and positive pricing trends were observed into the second quarter.
Winchester Division Growth
Winchester's domestic and international military ammunition volume continues to grow. A three-year contract extension for operating the Lake City GOCO2 Ammunition facility through 2030 was awarded. The acquisition of AMMO Inc.'s Ammunition assets was completed, expected to be immediately accretive.
Debt Refinancing Success
Olin successfully refinanced its nearest debt tranche, pushing the nearest debt tower out to 2029. This positions the company well to weather the uncertain environment.
Cost Reduction Target Increased
Olin increased its cost reduction target to $50 million to $70 million for full year 2025 related to productivity and structural cost improvements.