|Bid||17.54 x 800|
|Ask||17.86 x 800|
|Day's Range||17.68 - 18.15|
|52 Week Range||15.38 - 27.32|
|Beta (5Y Monthly)||1.52|
|PE Ratio (TTM)||24.79|
|Earnings Date||Feb 03, 2020|
|Forward Dividend & Yield||0.80 (4.44%)|
|Ex-Dividend Date||Nov 06, 2019|
|1y Target Est||20.75|
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Olin Corporation (NYSE: OLN) announced today that on Wednesday, February 5, 2020 at 10:00 a.m. Eastern time, Olin's senior management team will review the company's fourth quarter and full year 2019 financial results. Prepared remarks will be followed by a question and answer period.
Olin (OLN) expects closure of the Freeport facility to reduce annual fixed costs and match its production capacity with the market's current needs.
Closures are expected to cut annual costs by $35 million while aligning production capacity to better meet the market's reduced demand.
Olin Corp. said Wednesday it is planning to permanently shut down a chlor alkali plant with a capacity of 230,000 tons before the end of 2020, reducing its annual operating costs by about $35 million. The Clayton, Mo.-based manufacturer of chemical products said it expects to book pretax non-cash charges of about $65 million in the fourth quarter. "With today's announcement we have taken necessary steps to reduce our annual fixed costs, align our production capacity with the current needs of the marketplace and focus on the chlorine derivatives that generate the most value for the organization," Chief Executive John E. Fischer said in a statement. Olin shares rose 1.5% premarket, but have fallen 15% in 2019 through Tuesday, while the S&P 500 has gained 25%.
Olin Corporation (NYSE: OLN) announced today that it plans to permanently shut down a chlor alkali plant with a capacity of 230,000 tons and its Vinylidene Chloride (VDC) production facility, both in Freeport, Texas. These closures are expected to be completed before the end of 2020. When completed, these actions are forecast to reduce Olin's annual operating costs by approximately $35 million. Olin's fourth quarter 2019 results will contain approximately $65 million of pretax non-cash restructuring charges, representing asset impairment charges, associated with these plans.
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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Olin Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Olin (OLN) delivered earnings and revenue surprises of 13.89% and -8.86%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
CLAYTON, Mo. , Oct. 31, 2019 /PRNewswire/ -- Third Quarter 2019 Highlights Net income of $44.2 million and adjusted EBITDA of $292.9 million Full year 2019 net income forecast of $30 million to $59 million ...
Olin (OLN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
CLAYTON, Mo. , Oct. 23, 2019 /PRNewswire/ -- Today, Olin Corporation's (NYSE: OLN) Board of Directors declared a quarterly dividend of $0.20 on each share of Olin common stock. The dividend is payable ...
CLAYTON, Mo. , Oct. 8, 2019 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced today that its senior management team will review its third quarter 2019 financial results in an investor conference call ...
Anyone researching Olin Corporation (NYSE:OLN) might want to consider the historical volatility of the share price...
"Winchester is honored to have been selected by the Army to operate, maintain and modernize this unique, strategic asset of the U.S. Government's munitions industrial base," said Brett Flaugher, President of Winchester.