Olin (OLN) said late Thursday it revised its Q4 adjusted earnings before interest, taxes, depreciation, and amortization guidance to $67 million from the range of $110 million to $130 million earlier.
The company attributed the earnings shortfall to an impact on the Chlor Alkali Products and Vinyls businesses due to a significant decline in chlorine demand as well as operational challenges at its Freeport, Texas, site.
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