Olin Q1 adjusted EBITDA beats expectations on higher volumes

Olin

07/05/2026 21:23

Overview

U.S. chemicals and ammunition maker's Q1 revenue declined yr/yr, missing analyst expectations

Q1 adjusted EBITDA beat analyst expectations, driven by cost actions and improved demand

Company posted Q1 net loss, citing higher raw material costs and lower pricing

Outlook

Olin forecasts Q2 adjusted EBITDA between $160 mln and $200 mln

Company expects Chemicals segment earnings to improve on stronger demand and pricing

Olin says Winchester segment earnings to grow on improving commercial and military demand

Result Drivers

COST ACTIONS - Co said sequential improvement in adjusted EBITDA was driven by structural cost actions and lower maintenance turnaround expenses in Chlor Alkali Products and Vinyls

EPOXY SEGMENT RECOVERY - Epoxy business returned to positive adjusted EBITDA due to higher volumes and lower operating costs, especially in Europe

HIGHER RAW MATERIAL COSTS - Higher raw material costs, especially for natural gas, electricity, and commodity metals, weighed on segment earnings

Company press release: ID:nPn6Zg0Zma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$1.58 bln
$1.61 bln (12 Analysts)
Q1 Net Income
-$83 mln
Q1 Adjusted EBITDA
Beat
$86.20 mln
$63.38 mln (13 Analysts)
Q1 EBIT
-$78.30 mln
Q1 Pretax Profit
-$118.30 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 12 "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 $27.00, about 6.3% below its May 6 closing price of $28.80

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