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OLN - Olin News Story

$12.25 0.1  1.2%

Last Trade - 28/09/20

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.50bn
Enterprise Value £4.51bn
Revenue £4.42bn
Position in Universe 1806th / 6416

BUZZ-Olin Corp: Falls on wider quarterly loss, weak product demand

Thu 6th August, 2020 12:49pm
** Commodity chemicals maker's shares  OLN.N  fall 7.3% to
$11.23 in premarket trade
    ** Co reports loss of $120 mln, compared with $20 mln in the
year-ago quarter
    ** Sales for the combined Chlor Alkali products and Vinyls
and Epoxy businesses declined 27% year-over-year  urn:newsml:reuters.com:*:nPn9B5hp9a
    ** Sales decline reflects weaker customer demand and a high
level of planned maintenance turnaround activity which occurred
early in the second quarter - CEO John Fischer says
    ** Visibility around future demand continues to be limited
and customer order patterns remain volatile - OLN
    ** Stock is down 30% YTD, as of last close

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))
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