Chemical products and ammunition maker faces significant decline in profit and revenue

  • Olin’s profit fell sharply in the fourth quarter
  • Sales slumped for the chemical products and ammunition maker
  • Profit dropped to $52.9 million, or 43 cents a share
  • Revenue fell 18% to $1.61 billion
  • Chlor Alkali Products and Vinyls segment sales declined due to lower pricing and less favorable mix
  • Epoxy sales also fell due to lower product mix
  • Winchester ammunition segment saw sales rise after acquiring White Flyer

Olin, the Clayton-based maker of chemical products and ammunition, reported a sharp decline in profit for the fourth quarter. Sales slumped, causing profit to drop to $52.9 million, or 43 cents a share, compared to $196.6 million, or $1.43 a share, in the same period last year. Revenue also fell by 18% to $1.61 billion, surpassing analysts’ expectations. The decline in sales was primarily attributed to lower pricing and less favorable mix in the Chlor Alkali Products and Vinyls segment, as well as lower product mix in epoxy sales. However, the Winchester ammunition segment experienced a rise in sales following the completion of the acquisition of recreational shooting company White Flyer.

Public Companies: Olin (OLN)
Private Companies: undefined
Key People: Ben Glickman (Author)

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Factuality Level: 8
Justification: The article provides specific financial figures and quotes from the company, which can be verified. However, it does not provide any additional context or analysis, making it difficult to fully assess the accuracy of the information.

Noise Level: 3
Justification: The article provides relevant information about Olin’s profit decline in the fourth quarter and the reasons behind it. It includes specific figures and compares them to analysts’ expectations. However, it lacks in-depth analysis or exploration of long-term trends or consequences of the company’s decisions.

Financial Relevance: Yes
Financial Markets Impacted: Olin’s profit decline and lower sales may impact the company’s stock price and investor confidence.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Olin’s profit decline and sales slump. However, there is no mention of an extreme event.

Reported publicly: www.marketwatch.com