NYSE$OLN
Olin Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Olin's Q1 2022 performance reflected record quarterly adjusted EBITDA and strategic prioritization of system value.
Olin Corporation reported a strong first quarter in 2022, with net income reaching $393.0 million, or $2.48 per diluted share. The company achieved a record quarterly adjusted EBITDA of $710.9 million and repurchased $263.2 million in shares. Sales increased to $2,461.4 million compared to $1,918.8 million in the first quarter 2021.
- Net income for Q1 2022 was $393.0 million, or $2.48 per diluted share.
- Adjusted EBITDA reached a record $710.9 million for the quarter.
- The company executed share repurchases totaling $263.2 million during Q1 2022.
- Olin expects its 2022 adjusted EBITDA to improve to $2.6 billion to $2.9 billion.
Headline financials
Revenue & EPS history
Olin · Revenue · Quarterly
$2.46B
Revenue by segment
Olin · $2.03B total across 2 segments · Q1 2022
- Chlor Alkali Products and Vinyls$1.25B+43.6%61.2%
- Epoxy$790M+19.2%38.8%
Forward guidance
Olin expects second quarter 2022 adjusted EBITDA to improve sequentially from first quarter 2022.
Tailwinds
- Chlor Alkali Products and Vinyls second quarter 2022 results is expected to improve sequentially.
- Recently announced price increases for ammunition and primers expected to offset higher commodity and other materials costs.
- Winning model to push second quarter 2022 results higher than first quarter 2022.
- Our Chemicals teams overcame reduced electrical power generation at our Freeport, Texas facility.
- Our Winchester business delivered record quarterly segment results as our Shoot United™ campaign ramped up.
Headwinds
- Reduced electrical power generation at our Freeport, Texas facility, which is expected to continue at least into fourth quarter 2022.
- Weaker European epoxy resin demand in our system.
- Epoxy business expects to continue to absorb weaker epoxy resin demand and operate at low rates.
- Approximately $75 million of reduced margin from lost sales and production volumes, increased maintenance expense and other costs, as a result of the unplanned production outage at our Plaquemine, Louisiana facility.
- Sequentially higher raw material and operating costs, mainly increased natural gas and electrical power costs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.8%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+3.7%
Avg return
30 days after
43%
29 / 67 earnings
Positive
+12.1%
Q4 2016
Best reaction
-15.7%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | +6.2% | -8.2% | |
| Q4 2025 | -6.8% | +13.9% | +13.6% | |
| Q3 2025 | -12.5% | -13.8% | -13.5% | |
| Q1 2025 | +2.4% | -5.8% | -10.3% | |
| Q3 2024 | -8.1% | -9.3% | -4.9% | |
| Q2 2024 | -5.6% | -4.0% | -5.9% | |
| Q1 2024 | +0.8% | -1.5% | +2.5% | |
| Q4 2023 | +8.6% | +5.3% | +3.5% | |
| Q3 2023 | -6.3% | -4.9% | +5.6% | |
| Q2 2023 | +4.4% | +4.2% | +4.5% | |
| Q1 2023 | +4.3% | +2.3% | -4.8% | |
| Q4 2022 | +9.1% | +12.5% | +4.0% | |
| Q3 2022 | +5.8% | +7.0% | +17.0% | |
| Q2 2022 | +5.7% | +4.2% | +14.2% | |
| Q1 2022 | +9.9% | +18.7% | +28.0% | |
| Q4 2021 | -3.6% | +3.3% | +2.8% | |
| Q3 2021 | +8.3% | +11.5% | +15.7% | |
| Q2 2021 | +4.6% | +6.4% | +8.3% | |
| Q1 2021 | +1.3% | +3.5% | +18.4% | |
| Q4 2020 | +0.3% | +11.7% | +29.7% | |
| Q3 2020 | +10.4% | +11.3% | +24.3% | |
| Q2 2020 | -1.0% | -1.4% | +5.6% | |
| Q1 2020 | -12.3% | -21.3% | -21.0% | |
| Q4 2019 | +9.2% | +6.6% | -7.0% | |
| Q3 2019 | -5.1% | +0.0% | -9.1% | |
| Q2 2019 | -7.5% | -12.0% | -17.7% | |
| Q1 2019 | -6.0% | -5.0% | -9.7% | |
| Q4 2018 | +8.1% | +1.5% | +0.5% | |
| Q3 2018 | -2.3% | +6.2% | +6.2% | |
| Q2 2018 | +2.4% | +4.3% | +7.1% | |
| Q1 2018 | +2.0% | +4.8% | +7.1% | |
| Q4 2017 | -6.1% | -13.7% | -8.4% | |
| Q3 2017 | +3.2% | +0.2% | -0.2% | |
| Q2 2017 | -0.2% | +3.4% | +6.0% | |
| Q1 2017 | -5.0% | -8.1% | -7.9% | |
| Q4 2016 | +12.1% | +17.9% | +21.1% | |
| Q3 2016 | -0.1% | -3.0% | +18.4% | |
| Q2 2016 | -1.0% | -0.3% | +3.5% | |
| Q1 2016 | +1.7% | — | — | |
| Q4 2015 | -15.7% | — | — | |
| Q3 2015 | +3.9% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | -0.3% | — | — | |
| Q4 2014 | +5.1% | — | — | |
| Q3 2014 | -7.2% | — | — | |
| Q2 2014 | -1.5% | — | — | |
| Q1 2014 | -3.2% | — | — | |
| Q4 2013 | -4.0% | — | — | |
| Q3 2013 | +2.0% | — | — | |
| Q2 2013 | -1.8% | — | — | |
| Q1 2013 | -4.9% | — | — | |
| Q4 2012 | -3.0% | — | — | |
| Q3 2012 | -2.8% | — | — | |
| Q2 2012 | -9.6% | — | — | |
| Q1 2012 | -1.0% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q4 2008 | -0.2% | — | — | |
| Q3 2011 | -11.8% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q1 2011 | -5.4% | — | — | |
| Q1 2010 | -5.4% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q3 2010 | -5.6% | — | — | |
| Q3 2009 | -5.6% | — | — | |
| Q4 2009 | +1.5% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q2 2009 | +1.5% | — | — |
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