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Jun 30, 2022
Olin Q2 2022 Earnings Report
Announced second quarter 2022 results, featuring record adjusted EBITDA and a new share repurchase program.
Key Takeaways
Olin Corporation reported a net income of $422.1 million, or $2.76 per diluted share, for the second quarter of 2022. The company's adjusted EBITDA reached a record $727.3 million. Olin also announced a new $2.0 billion share repurchase program.
Second quarter 2022 net income was $422.1 million, or $2.76 per diluted share.
Record quarterly adjusted EBITDA reached $727.3 million.
Share repurchases totaled $426.5 million in the second quarter of 2022.
The company expects 2022 adjusted EBITDA to be between $2.5 billion and $2.7 billion.
Olin
Olin
Olin Revenue by Segment
Revenue by Segment
Chlor Alkali & Vinyls Revenue
CapyFin.comEpoxy Revenue
CapyFin.com Forward Guidance
Olin expects its third quarter 2022 adjusted EBITDA to decline approximately 15% from second quarter 2022 levels.
Challenges Ahead
- Chemicals businesses results are expected to be lower than the second quarter due to lower participation in chlorine derivative markets and operating at lower rates.
- Sequentially higher raw material and operating costs, mainly increased natural gas and electrical power costs, are anticipated.
- Winchester third quarter results are expected to be lower than second quarter levels because of higher commodity and other materials costs.
- A recessionary economic environment is expected to continue unfolding in the third quarter of 2022.
- The impact of deeply cyclical behaviors that have historically undermined Olin’s earnings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income