Olin Analysts Slash Their Forecasts After Q3 Earnings

Olin Corporation (NYSE:OLN) reported mixed third-quarter financial results, after the closing bell on Thursday. Also, the company said Hurricane Beryl will impact its chemical businesses.

Olin reported quarterly GAAP losses of 21 cents per share which missed the analyst consensus estimate of 3 cents per share. The company reported quarterly sales of $1.59 billion which beat the analyst consensus estimate of $1.57 billion.

Ken Lane, President, and Chief Executive Officer, said, “During the third quarter, our Olin team worked tirelessly to recover from the effects of Hurricane Beryl. However, despite the team’s hard work, persistent operating limitations related to the hurricane necessitated an additional outage, which we commenced in late September ...