MOSCOW (MRC) -- Olin (Clayton, MO) reports a net loss of USD37.9 million for the first quarter, up from the year-ago period’s loss of USD62.7 million, said Chemweek.
Sales totaled USD1.35 billion, a pro forma increase of 6.4% year-on-year but lower than the the average analyst estimate of USD1.43 billion compiled by Thomson Reuters (New York). The loss of 23 cts/share falls well short of the average analyst estimate of a 12-ct/share profit.
he company anticipates a reported net income in the range of USD0.10 to USD0.20 per diluted share, including USD0.21 per share of restructuring costs, acquisition-related integration costs and acquisition step-up depreciation and amortization. The company also reiterated its full year adjusted EBITDA guidance range of USD915 million to USD985 million.
As MRC informed earlier, Olin has reduced its chlor-alkali capacity in Q1 2016 by 433,000 m.t./year.
Olin Corporation manufactures and distributes chemical products in the United States and internationally. It operates through three segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide.
Olin Corporation manufactures chemicals and ammunition products. The Company manufactures and sells chlorine, caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, sodium chlorate, bleach products, and potassium hydroxide. Olin also manufactures products that include sporting ammunition, reloading components, small caliber military ammunition and industrial cartridges.
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