NYSE$OLN
Olin Corp · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Olin reported a net loss of $33.0 million and adjusted EBITDA of $246.2 million for Q4 2020.
Olin Corporation announced its Q4 2020 financial results, reporting a net loss of $33.0 million, or $0.21 per diluted share, compared to a net loss of $77.2 million in Q4 2019. Sales for the quarter were $1,654.1 million, up from $1,387.1 million in the same period last year. Winchester achieved record quarterly segment earnings.
- Net loss for Q4 2020 was $33.0 million, or $0.21 per diluted share.
- Adjusted EBITDA for Q4 2020 was $246.2 million.
- Sales for Q4 2020 reached $1,654.1 million.
- Winchester achieved record quarterly segment earnings.
Headline financials
Revenue & EPS history
Olin · Revenue · Quarterly
$1.65B
Revenue by segment
Olin · $1.65B total across 3 segments · Q4 2020
- Chlor Alkali Products and Vinyls$794M+4.1%48.0%
- Epoxy$520M+10.6%31.4%
- Winchester$341M+120.2%20.6%
Forward guidance
Olin anticipates a sequential improvement in adjusted EBITDA for Q1 2021 compared to Q4 2020.
Tailwinds
- Expects the winning model to push the ECU PCI higher, particularly in Epoxy.
- Recent price increase announcements for chlorine, epichlorohydrin, epoxy resins, bleach, ethylene dichloride and chlorinated organics forecast to positively contribute.
- Productivity actions are expected to favorably contribute to first quarter 2021 results.
- Expects sequential improvement in adjusted EBITDA for first quarter 2021.
- Winchester business delivered the strongest quarterly earnings in its history due to outstanding execution by the team, with even higher performance expected in 2021.
Headwinds
- Expects some volume offsets as Olin continues to selectively sell less into poor quality markets.
- Remains disciplined in approach to caustic soda.
- Sensitivity to economic, business and market conditions in the United States and overseas.
- Cyclical nature of operating results, particularly declines in average selling prices in the chlor alkali industry and the supply/demand balance for products.
- Reliance on a limited number of suppliers for specified feedstock and services and reliance on third-party transportation.
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 Q4 2020
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro