Olin Reports Q1 EPS & Revenue Miss
<p><a href='https://financialmodelingprep.com/financial-summary/OLN'>Olin Corp. (NYSE:OLN)</a> reported its Q1 earnings results, with EPS of $1.16 coming in worse than the Street estimate of $1.34. Revenue was $1.84 billion, missing the Street estimate of $2.05 billion.</p>
<p>Management expects Q2 EBITDA to be sequentially lower than Q1/23, with the Chemical businesses to be slightly lower than Q1 levels as weak caustic and epoxy market conditions continue, and Winchester to increase sequentially from Q1/23 as inventories normalize and international military ammunition demand growth is anticipated. </p>
<p>This implies roughly $425-430 million EBITDA in Q2/23. The company’s full-year 2023 EBITDA guidance is in a tighter range of $1.6B-$1.9 billion, compared to the Street estimate of $1.5-$2.0 billion.</p>

NYSE:OLN