NYSE$OLN
Olin Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Olin's Q3 2022 financial results were announced, revealing a net income of $315.2 million and adjusted EBITDA of $547.8 million.
Olin Corporation reported a net income of $315.2 million, or $2.18 per diluted share, for the third quarter of 2022. Sales were $2,321.7 million. The company's adjusted EBITDA was $547.8 million. Share repurchases amounted to $410.9 million during the quarter.
- Net income for Q3 2022 was $315.2 million, or $2.18 per diluted share.
- Adjusted EBITDA for Q3 2022 reached $547.8 million.
- Share repurchases in Q3 2022 totaled $410.9 million.
- Sales for Q3 2022 were $2,321.7 million.
Headline financials
Revenue & EPS history
Olin · Revenue · Quarterly
$2.32B
Revenue by segment
Olin · $2.32B total across 3 segments · Q3 2022
- Chlor Alkali Products and Vinyls$1.26B+18.9%54.4%
- Epoxy$644M-26.6%27.7%
- Winchester$414M+3.5%17.8%
Forward guidance
Olin expects Chlor Alkali Products and Vinyls fourth quarter segment results to be slightly lower than third quarter 2022 levels. Epoxy segment fourth quarter results are expected to seasonally decline from third quarter 2022 levels, exacerbated by increased Chinese exports precipitated by continuing weak Chinese domestic demand. Winchester segment fourth quarter results are expected to seasonally decline from third quarter 2022 levels as Olin executes holiday shutdowns. Overall, Olin expects fourth quarter 2022 adjusted EBITDA to decline approximately 15% to 20% from third quarter 2022 levels.
Tailwinds
- Chlorine and caustic soda pricing is expected to continue to improve.
- The company continues to adeptly reduce operating rates and increase product purchases.
- The company has a strong balance sheet.
- The company has confidence in Olin’s earnings and cash flow generation even in recessionary economic conditions.
- The company expects to continue its capital allocation strategy.
Headwinds
- Vinyls intermediates pricing is likely to remain under pressure.
- Epoxy segment fourth quarter results are expected to seasonally decline from third quarter 2022 levels, exacerbated by increased Chinese exports precipitated by continuing weak Chinese domestic demand.
- Winchester segment fourth quarter results are expected to seasonally decline from third quarter 2022 levels as the company executes its holiday shutdowns.
- Olin's fourth quarter 2022 adjusted EBITDA is expected to decline approximately 15% to 20% from third quarter 2022 levels.
- The company is experiencing recessionary global economic conditions.
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 Q3 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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