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The decrease in sales of Olin's (OLN) Chlor Alkali Products and Vinyls unit was primarily due to lower pricing and a less favorable product mix in Q4.
Although the revenue and EPS for Olin (OLN) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Get a deeper insight into the potential performance of Olin (OLN) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The top line of Olin (OLN) is hurt by lower volumes in its chemical businesses in Q3.
While the top- and bottom-line numbers for Olin (OLN) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Olin (OLN) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $2.18 per share a year ago.
Olin Corp's shares have fallen due to the departure of its CEO and concerns about global growth. The company's earnings and revenue have declined, with volume and pricing pressures affecting its three business lines. Olin's business is heavily reliant on the Chinese construction market, which is facing major issues and could exacerbate supply conditions.
Olin (OLN) completes the acquisition of White Flyer Targets, integrating the leading provider of recreational clay targets into the Winchester Ammunition business.
Olin CEO Scott Sutton is stepping down sometime in the first half of 2024. Sutton will work with the company through the transition, and there is no sign of trouble or any issue.