Olin Q2 2021 Earnings Report
Key Takeaways
Olin Corporation reported a strong second quarter in 2021, with net income of $355.8 million and record adjusted EBITDA of $559.2 million. The company saw increased sales and earnings across its Chlor Alkali Products and Vinyls, Epoxy, and Winchester segments, driven by higher pricing and volumes. Olin expects continued improvement in the third quarter, projecting adjusted EBITDA of at least $2.1 billion for the year.
Net income reached $355.8 million, a significant increase compared to the net loss in Q2 2020.
Adjusted EBITDA hit a record of $559.2 million, excluding depreciation and restructuring charges.
ECU Profit Contribution Index improved by 30% compared to the first quarter.
Epoxy and Winchester segments achieved record quarterly earnings.
Olin
Olin
Olin Revenue by Segment
Forward Guidance
Olin expects Chlor Alkali Products and Vinyls, Epoxy and Winchester third quarter segment results to increase sequentially. Overall, Olin also expects third quarter 2021 adjusted EBITDA to improve sequentially from second quarter 2021 levels and to deliver adjusted EBITDA of at least $2.1 billion for 2021.
Positive Outlook
- Chlor Alkali Products and Vinyls third quarter segment results to increase sequentially.
- Epoxy third quarter segment results to increase sequentially.
- Winchester third quarter segment results to increase sequentially.
- Third quarter 2021 adjusted EBITDA to improve sequentially from second quarter 2021 levels.
- Olin expects to deliver adjusted EBITDA of at least $2.1 billion for 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income