By Katherine Hamilton
Olin shares fell after the company said it expects adjusted earnings to be lower in the current quarter than they were the quarter before.
The stock fell 10% to $20.10 in after-hours trading Thursday. Through the close, shares were up 8% over the past three months.
The chemicals and ammunition maker said first-quarter adjusted earnings before interest, taxes, depreciation and amortization will be lower than the fourth quarter.
Fourth-quarter adjusted EBITDA was $67.7 million, and analysts polled by FactSet were expecting $142.0 million in the first quarter.
The biggest challenges are in its chemicals business, where costs are increasing for raw materials and a planned maintenance turnaround, Chief Executive Ken Lane said. Olin's ammunition business is expected to fare a little better, with adjusted earnings set to increase.
In the fourth quarter, Olin swung to a loss and revenue decreased by 0.4%, but both figures were ahead of Wall Street projections.
Lane said Olin experienced headwinds in the fourth quarter related to the trough market environment and exacerbated by customer destocking. Those comments echoed rival Eastman Chemical, which said Thursday it was still facing consumer discretionary weakness and customer destocking.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 29, 2026 18:13 ET (23:13 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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