Ammunition maker Olin misses Q3 revenue estimates, but beats adjusted EBITDA expectations

Olin

27/10/2025 20:25

Overview

Olin Q3 2025 revenue missed analysts' expectations, while adjusted EBITDA beat estimates

Net income for Q3 2025 was $42.8 mln, reversing a loss from Q3 2024

Company repurchased 0.5 mln shares for $10.1 mln in Q3 2025

Outlook

Olin expects Q4 2025 adjusted EBITDA between $110 mln and $130 mln

Company anticipates $40 mln penalty from planned inventory reductions in Q4 2025

Olin aims to end 2025 with net debt comparable to year-end 2024

Result Drivers

CHLOR ALKALI PRODUCTS - Higher volumes drove sales increase, offset by lower pricing and supported by $32 mln tax credit for clean hydrogen production

EPOXY SEGMENT - Sales rose due to higher volumes, recovering from Hurricane Beryl impact, but faced higher operating costs

WINCHESTER SEGMENT - Underperformance due to lower commercial ammunition sales and higher raw material costs, despite increased military sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.71 bln
$1.73 bln (14 Analysts)
Q3 Net Income
$43.70 mln
Q3 Adjusted EBITDA
Beat
$222.40 mln
$187.77 mln (15 Analysts)
Q3 EBIT
$82.80 mln
Q3 Pretax Profit
$41.50 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commodity chemicals peer group is "buy."

Wall Street's median 12-month price target for Olin Corp is $25.00, about 3.8% above its October 24 closing price of $24.06

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nPn4SfHKra

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)