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Mar 31, 2022
Olin Q1 2022 Earnings Report
Olin's Q1 2022 performance reflected record quarterly adjusted EBITDA and strategic prioritization of system value.
Key Takeaways
Olin Corporation reported a strong first quarter in 2022, with net income reaching $393.0 million, or $2.48 per diluted share. The company achieved a record quarterly adjusted EBITDA of $710.9 million and repurchased $263.2 million in shares. Sales increased to $2,461.4 million compared to $1,918.8 million in the first quarter 2021.
Net income for Q1 2022 was $393.0 million, or $2.48 per diluted share.
Adjusted EBITDA reached a record $710.9 million for the quarter.
The company executed share repurchases totaling $263.2 million during Q1 2022.
Olin expects its 2022 adjusted EBITDA to improve to $2.6 billion to $2.9 billion.
Olin
Olin
Olin Revenue by Segment
Revenue by Segment
Chlor Alkali & Vinyls Revenue
CapyFin.comEpoxy Revenue
CapyFin.com Forward Guidance
Olin expects second quarter 2022 adjusted EBITDA to improve sequentially from first quarter 2022.
Positive Outlook
- Chlor Alkali Products and Vinyls second quarter 2022 results is expected to improve sequentially.
- Recently announced price increases for ammunition and primers expected to offset higher commodity and other materials costs.
- Winning model to push second quarter 2022 results higher than first quarter 2022.
- Our Chemicals teams overcame reduced electrical power generation at our Freeport, Texas facility.
- Our Winchester business delivered record quarterly segment results as our Shoot United™ campaign ramped up.
Challenges Ahead
- Reduced electrical power generation at our Freeport, Texas facility, which is expected to continue at least into fourth quarter 2022.
- Weaker European epoxy resin demand in our system.
- Epoxy business expects to continue to absorb weaker epoxy resin demand and operate at low rates.
- Approximately $75 million of reduced margin from lost sales and production volumes, increased maintenance expense and other costs, as a result of the unplanned production outage at our Plaquemine, Louisiana facility.
- Sequentially higher raw material and operating costs, mainly increased natural gas and electrical power costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income