By Elias Schisgall
Olin shares fell after the company slashed its fourth-quarter outlook, citing a slowdown in operations at the chemical company's Freeport, Texas facility and a decline in chlorine demand.
Shares fell 6.9% to $21.01 in after-hours trading Thursday. The stock closed at $22.56, down 29% over the past year.
The company now projects adjusted earnings before interest, taxes, depreciation, and amortization in the fourth quarter to be about $67 million, compared with a previous outlook of between $110 million and $130 million, it said Thursday.
Chief Executive Officer Ken Lane said the Freeport site was offline due to an extended planned maintenance turnaround, as well as the unplanned interruption of raw materials by a third-party supplier.
He said the site has returned to normal operations.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
January 08, 2026 17:27 ET (22:27 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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